The sector is currently in the midst of challenging times owing to a variety of economic factors.

Earlier this month the government approved a 100 billion Indian rupee fund to help clear unfinished building projects.

The government approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects.

The real estate sector in India has been hit by a severe liquidity crunch this year after a series of debt defaults by NBFC.

Housing sales in the Mumbai metropolitan region fell by 6 per cent to 17,180 units during July-September period of this year.

This window will help in completion of affordable and middle income housing projects.

Banking and non-banking financial companies (NBFCs) are still grappling with very large bad loans on their balance sheets.

The government has set fiscal deficit target of 3.3 per cent of the GDP for the current fiscal.

RBI has cumulatively made 110 bps rate cut in the last four policy reviews.

A large part of the funding—$2.1 billion out of $2.2 billion—came from private equity firms.