Summary:
The setting up of the special window for last-mile funding of stuck projects addresses the key issue of delayed housing projects across the country. According to Anarock Property Consultants, about 4 lakh units are stuck in various stages of non-completion across budget segments that don’t fall under NCLT; all units launched during 2013 or before. Developers in Mumbai believe that this move will surely benefit those projects that are stuck because of funds. There is a need to change the definition of ‘affordable housing’. “The setting up of the special window of Rs 20,000 crore for last-mile funding of stuck projects addresses the key issue of delayed housing projects across the country..