Business

Govt clears Rs 540 cr investments in stuck residential properties

Union Government has cleared investments of over 540 crore rupees in some stuck residential properties that will benefit 1,800 home buyers.

In November last year, the government had announced a 25,000 crore rupees fund to help complete over 1,500 stalled housing projects. 

In a tweet, Finance Ministry said, a preliminary clearance has also been given for due diligence to 14 projects with capital commitment of 2,500 crore rupees that will provide relief to 10 thousand home buyers. Another 40 more transactions are under active consideration.

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