Nirmala Sitharaman announces Rs 25,000 crore for stalled real estate projects

Finance Minister Nirmala Sitharaman on Wednesday announced a big real estate revival plan. The govt has decided to give Rs 25,000 crore as a bailout package to complete the stalled real estate projects.

Of the Rs 25,000 crore, Rs 10,000 crore will be given by the Central govt while LIC and SBI will pay the remaining amount.