Government sets up Rs.25000 crore Alternative Investment Fund

Alternative Investment Fund For: Mains Topics covered: What is the Alternative Investment Fund? What is an escrow account?   News Flash FinMin announced that the government will set up an alternative investment fund (AIF) of Rs 25,000 crore to provide relief to developers with unfinished projects to ensure delivery of homes to buyers. In an internal survey, it is shown that around 4.58 lakh housing units were stuck in India with over 1,600 realty projects…

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