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1.SC approves directors on the Unitech board

The Supreme Court has approved the takeover of real-estate firm Unitech by the Centre.

2.SBI launches ‘Residential Builder Finance with Buyer Guarantee’

Focused on affordable housing of up to Rs 25 million

3.1,600 stalled projects receive support of Rs 250 bn

Govt announces setting up of alternative investment fund to boost sector.

4.Industry experts on government’s Rs 250 bn AIF boost

1,600 stalled projects receive support of Rs 250 billion, experts’ welcome move

5.FCPE hails Centre’s Rs 250 billion funding boost for the real estate sector

As reported, Forum for People’s Collective Efforts (FPCE) has positively responded to the government’s decision to create a Rs 250 billion fund to provide aid to around 1,600 stalled real estate projects that can now be completed.

6.Funding crunch, rising costs may derail India’s roads sector

With NHAI and the private sector re-strategising, the funding crunch and increasing construction costs may derail the country’s roads and highways sector. Recently, the Prime Minister’s Office (PMO) stated to NHAI that the government is reportedly not keen to sustain its large investments in building highways.

7.Funding crunch, rising construction costs may derail India’s roads sector

PMO and private sector not keen on large investments in building highways

8.Boost for capital availability for infra projects

SBI, NIIF join hands to provide greater thrust to infra financing

9.NTPC signs term loan of Rs 50 billion with State Bank of India

NTPC has signed a term loan agreement for Rs 50 billion with State Bank of India. The loan facility is extended at an interest rate linked to three-month MCLR of the bank.

10.Public sector banks to finance Nagpur-Mumbai Expressway project

In order to boost Chief Minister Devendra Fadnavis’s pet project, the Mumbai-Napur Expressway (also known as Samruddhi Corridor), public sector banks have agreed to provide finance for the project.

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