25,000 Crore Fund for Real Estate

01 Nov 2019 CW Staff

Given the above, an Alternative Investment Fund (AIF) where the Government contributes Rs 100 billion while SBI & LIC contribute Rs 150 billion has been initiated by the government to be managed by SBI Capital and targets 4.58 lakh residential units pending in 1,600 housing projects (value under Rs 2 cr in Mumbai, for Delhi/NCR, Chennai, Pune, Hyderabad, Kolkata at Rs 1.5 cr and under Rs 1 cr in other cities). Funds from the AIF will be released in tranches via an escrow account depending on the completion of the approved phase for RERA-registered projects.

Unsold inventories in 9 major cities stood at of 7,00,000 units. Of this total unsold housing stocks, 4,00,000 units were in the affordable segment.

Guest Author:
Mr. Pratap Padode,
Founder & Executive Director, First Construction Council
Linkedin: https://www.linkedin.com/in/pratappadode/
(FIRST CONSTRUCTION COUNCIL (a non-profit trust formed in 2003) aims to be the comprehensive source for all information needs of the construction companies and the industry's stakeholders, the catalyst for adopting best practices, the torchbearer for all policy initiatives needed to enhance the importance and welfare of the industry and be the industry's unified voice.)

News Source: https://economictimes.indiatimes.com/markets/stocks/news/rs-25000-crore-fund-real-estate-sector-may-finally-come-out-of-stress-say-experts/articleshow/71943409.cms

Considering banks have turned completely averse to funding real estate or infrastructure (ICICI has shut down its project finance division that funded infrastructure), the announcement of a Rs 250 billion fund is a lifeline. This should address most of the financial requirements (estimated to be Rs 550 billion to Rs 800 billion) of the stalled projects in real estate particularly those in the affordable housing segment. Funding from NBFCs has shown a 73% decline in the first half of 2019. Given the above, an Alternative Investment Fund (AIF) where the Government contributes Rs 100 billion while SBI & LIC contribute Rs 150 billion has been initiated by the government to be managed by SBI Capital and targets 4.58 lakh residential units pending in 1,600 housing projects (value under Rs 2 cr in Mumbai, for Delhi/NCR, Chennai, Pune, Hyderabad, Kolkata at Rs 1.5 cr and under Rs 1 cr in other cities). Funds from the AIF will be released in tranches via an escrow account depending on the completion of the approved phase for RERA-registered projects. Unsold inventories in 9 major cities stood at of 7,00,000 units. Of this total unsold housing stocks, 4,00,000 units were in the affordable segment. Guest Author: Mr. Pratap Padode, Founder & Executive Director, First Construction Council Linkedin: https://www.linkedin.com/in/pratappadode/ (FIRST CONSTRUCTION COUNCIL (a non-profit trust formed in 2003) aims to be the comprehensive source for all information needs of the construction companies and the industry's stakeholders, the catalyst for adopting best practices, the torchbearer for all policy initiatives needed to enhance the importance and welfare of the industry and be the industry's unified voice.) News Source: https://economictimes.indiatimes.com/markets/stocks/news/rs-25000-crore-fund-real-estate-sector-may-finally-come-out-of-stress-say-experts/articleshow/71943409.cms

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..