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The ₹25,000 crore Alternative Investment Fund (AIF) announced by Finance Minister Nirmala Sitharaman has expanded in both size and scope from the earlier one announced in September. And the variables are clear such as the unit sizes that will be supported. The AIF will provide funds to bail out stalled real estate projects with unit size of less than ₹2 crore a unit in metros and ₹1 crore in other places. The Centre will contribute ₹10,000 crore, with the State Bank of India and Life Insurance Corporation of India providing the balance. The fund, to be managed by SBICAP Ventures, will offer support to viable projects with a positive net worth and registered with the Real Estate Regulatory Authority.
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e Investment Fund could help revive the stressed sector From first looks, the long-awaited package to support the real estate sector, cleared by the Cabinet on Wednesday, appears well-designed. <span>The ₹25,000 crore Alternative Investment Fund (AIF) announced by Finance Minister Nirmala Sitharaman has expanded in both size and scope from the earlier one announced in September. And the variables are clear such as the unit sizes that will be supported. The AIF will provide funds to bail out stalled real estate projects with unit size of less than ₹2 crore a unit in metros and ₹1 crore in other places. The Centre will contribute ₹10,000 crore, with the State Bank of India and Life Insurance Corporation of India providing the balance. The fund, to be managed by SBICAP Ventures, will offer support to viable projects with a positive net worth and registered with the Real Estate Regulatory Authority. What makes the scheme good is that it will also apply to projects that have been declared as non-performing assets by banks and to those lined up before the insolvency court. Apart from


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