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Relief measures taken by the government to help NBFCs and real estate sectors from stressed assets
The central government is emphasizing on the relief measures to help NBFCs and real estate which are full of stressed assets. The government wants to take some steps to maintain a fluid cash flow and to change the bad time of the Indian economy when banks are also taking back steps to lend money. The government is willing to unburden the NBFCs from stressed assets by applying some measures on this condition where stressed assets of the realty sector which deals with Property in kolkata
Can RERA overturn ‘forced consent’ agreements procured by builders for changing project plans?
To maintain a clean and clear declaration in the buying process of properties, the Indian Government started an act in May 2016. The full form of RERA is the Real Estate Regulatory Authority. To follow the rules of RERA , the developers are bound to inform all the information's about the construction process they look after to provide the keys according to the mentioned date. To buy Property in Kolkata the buyers know all the details and plans about the construction proceedings to
HOWL OR FOUL : REAL ESTATE REVIVAL PACKAGE
Government of India has recently announced the Real Estate Revival Package (Special Window OR Alternative Investment Fund - AIF) of Rs. 25,000 Cr. (by Government of India Rs. 10,000 Cr. and the rest 15,000 Cr. by SBI, LICI, etc.) as debt financing for stalled affordable & mid-income housing segment projects. “We welcome the move by government of India to revive Indian real estate industry. However, there are critical issues which need clarifications like – What about the
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