Naredco-Maharashtra will launch this RealTech Fund (RTF) on September 15 during its annual event The Real Estate Forum 2023. "The developers have initially committed a corpus of Rs 50 crore, which will be further scaled as per the response to the fund," Naredco said in a statement.
Tribhuwan Adhikari, CEO of LIC Housing Finance says risk management assumes greater importance now, given the volatility in the sector. The company will adopt a cautious approach when it comes to funding housing projects, he said.
However, foreign investment comprises less than 2 percent of the funds in the real estate sector, and is therefore unlikely to have any significant impact.
Speaking at NAREDCO s Silver Jubilee 25th Foundation Day conference in Hyderabad, government and independent experts pointed out that while the need for infrastructural push is crucial, affordable real estate will contribute majorly to India s climbing GDP.