Press "Enter" to skip to content

LIC Housing Finance identifies 14 projs for alternative investment fund

Mumbai, Feb 14 () Mortgage lender LIC Housing Finance on Friday said it has identified 14 projects to be referred to the alternative investment fund (AIF), set up by the government for last-mile funding, a top company official said.The housing finance company is the sole lender to these 14 real estate projects and has a total exposure of Rs 1,400 crore to them.In an effort to boost the ailing real estate, the government in November last year had approved setting up of a Rs 25,000 crore bailout fund.The government said the AIF will act as a ‘special window’ to provide loans to over 1,600 incomplete affordable and middle-lower income housing projects. The fund is managed by SBI Caps.”We have some 14 projects (eligible) for the alternate investment fund created last year. We have advised those

Source link

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

INX News All Rights Reserved.2020.