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Stress fund to be proposed by the UPRERA to complete pending projects

Dated on: Monday 29th July 2019

In order to provide financial help to the stressed homebuyers and to improve liquidity issues for the promoters, the UPRERA is all set to propose the creation of a stress fund to complete the pending realty projects at its board meeting in Lucknow after which it is likely to send it to the UP Government. Knowing the huge count of flats that are pending where builders are in a financial mess the Government needs to enter this situation to help the cash-strapped builders with initial liquidity.

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