1300 people in Greater Noida will soon be able to buy homes.

People were told about the Real Estate Stress Fund scheme in the 2020 budget plan. People who build homes that aren’t finished will get money from the government under this plan. People who have already paid for the home are still waiting to get it even though they’ve already paid. The money was also given to a builder in Greater Noida to start the scheme. Four more builders got money after this. Many builders in Noida have used “stress funds” to get money for their projects.

Noida. There is good news for more than 1300 families who want to build their own homes. Soon, the work on his 13 hundred flats in Greater Noida that hasn’t been done will start. The Stress Fund has received an instalment of Rs 39 crore from SBI Cap to finish the unfinished flat. It’s important to point out that SBI gives money to the same real estate project, which is more likely to be done. This is the second project in Greater Noida for which SBI Cap has given money to finish. In September 2021, SBI released the first part of the project.

A debt of Rs 135 crore is owed by the Greater Noida Authority, which runs the city,

Experts say that an unfinished project by a developer is also owed about Rs 135 crore by the Greater Noida Authority. People in charge will get this money in four separate payments. It arrived in September. Now, the second payment of about Rs 39.42 crore has also come. Experts say that SBI CAP only gives out stress funds after a lot of research.

This is what flat buyers say. They say that other builders should also come forward to get stress money. The stressed fund will help you finish the project and pay off the government’s debts. In the second case of stress funds, it is clear to see that the reference is also willing to work with us.