Homebuyers can approach banks for loan revival, advised the Governmant.
The fund will finance 1,600 stalled housing projects comprising 4.58 lakh housing units across India, said FM Sitharaman.
Sales in Bengaluru, too, went down by 9 per cent to 9,843 units from 10,816 units.
The current fund allocated when fully utilised would aid in completing about 1.6 lakh units.
This window will help in completion of affordable and middle income housing projects.
As my information, the discussion for stress fund is on in the Finance Ministry, said Housing Secretary Durga Shanker Mishra.
The report estimated that office space stock will touch one billion sq ft by 2030.
Many, however, rued that real estate sector was not given 'industry' status and no stress fund got created for stalled projects.
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