AIF hopes to unlock Rs 26,000 Cr stuck in stalled housing projects

The alternative investment fund is taking multiple steps so that it has complete control of the disbursement and the end use of the funds. This is to ensure that there is no diversion of funds. The fund appoints a project management company and quantity surveyors to keep a track of site-level expenses.

from Economy-News-Economic Times https://ift.tt/2VrRCha