After a slew of reform measures announced in the past fortnight, the central government is likely to come up with major announcements to boost the real estate industry this week.
According to official sources, the package for real estate industry would include additional funds for housing finance companies (HFC) and norm relaxation for developers seeking bank loans.
The government’s next tranche of stimulus is likely to feature decisions to help complete the stalled housing projects. Sources said that a corpus to the tune of around Rs 8,000 crore is likely to be announced for stalled real estate projects.
Responding to the realty players’ demands of widening the ambit of affordable housing, the government is likely to increase the ambit of affordable houses from Rs 45 lakh to Rs 70 lakh.