The fund will be set up as a Category-11 AIF (Alternate Investment Fund) debt fund registered with SEBI and would be professionally run. This fund in turn would provide relief to developers who require funding, to complete a set of unfinished projects and consequently ensure delivery of homes to the home-buyers.
Housing units with following cost will be covered - Mumbai: Up to Rs 2 crore. Delhi NCR, Kolkata, Bengaluru, Chennai, Pune, Ahmedabad, Hyderabad. Upto 1.5 core, other cities upto 1 crore
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