bailout

The Centre has come up with a ₹25,000 crore bailout package for the troubled real estate sector. The Centre will contribute ₹10,000 crore, while the rest is likely to come from banks and the Life Insurance Corporation of India. Will this fund help India? Mint takes a look. 1) What’s the idea behind the bailout package? The idea is [...]

But experts feel the move has it’s own set of hurdles Home buyers are increasing resorting to bailing out stuck real estate projects which the developers are unable to deliver for want of funds. The amended Bankruptcy Law which treats homebuyers on par with secured financial creditors is also facilitating this trend. However, experts are [...]