Avneesh Sood, Director Eros Group on govts decision to help complete stalled housing projects

We welcome the Government initiative to provide a structured method of infusing liquidity into stuck projects, and thereby seek to address the key issues of project funding, completion and delivery.

The fund is expected not only to support the real estate sector but also generate commercial return for its investors.  We are very much positive that a majority of stuck homebuyers will benefit from the declaration but at the same it will take time to set up and implement the Alternate Investment Fund (AIF).