Additional Housing Loans Get Standard Credit Status

30 Nov 2023 CW Team

In a significant move, additional housing loans extended for stalled real estate projects will now be treated as standard credit, offering a potential lifeline to the beleaguered sector. The decision is a proactive step towards addressing the challenges faced by stalled projects and providing a favourable financial environment for their revival.

The reclassification of additional housing loans as standard credit is poised to have a positive impact on the real estate landscape, encouraging financial institutions to extend support to projects facing delays. This move aligns with the broader objective of revitalising the real estate sector, which plays a crucial role in the economic growth of the country.

The decision reflects a recognition of the unique challenges faced by stalled projects and aims to create a conducive environment for their completion. By treating additional housing loans as standard credit, financial institutions are expected to be more inclined to provide the necessary financial support, potentially expediting the revival of stalled projects.

This regulatory intervention underscores a commitment to addressing the complexities of the real estate sector and fostering an ecosystem that encourages the completion of stalled projects. The reclassification is likely to inject confidence into the sector, attracting both developers and homebuyers who have been awaiting the resolution of stalled projects.

As the real estate industry navigates challenges, the move to treat additional housing loans favourably signals a collaborative effort between regulatory authorities and financial institutions to rejuvenate the sector and contribute to overall economic growth.

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..