The realty sector will get the benefit of 4.58 lakh home buyers trapped in blocked housing projects with booster dose of Rs 25,000 crore. Investors in shares of many other sectors directly connected to the realty sector may also be profitable in the near future. Finance Minister Nirmala Sitharaman on Wednesday announced a special window fund to resume work in unfinished housing projects across the country.
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The government will invest 10,000 crores in this fund of 25,000 crores. While sbi and Lic together will invest Rs 15,000 crore. If you get investment in this fund from other investors also, the size of the fund can increase further. The realty sector has been going through lethargy for many quarters.
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According to a Money Control report, the economy will benefit the most from the boom in the realty sector, as many other sectors are directly connected to it. Experts believe that six sectors will also benefit from the realty sector getting booster dose. Investors in selected stocks of these six sectors can also benefit.
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