Lok Sabha Question No. 3323 (UNSTARRED), answered on 2019-12-09
Subject: Stalled Projects
Ministry: FINANCE
Asked by: L.S. Tejasvi Surya

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 3323

TO BE ANSWERED ON MONDAY, DECEMBER 9, 2019 /AGRAHAYANA 18, 1941 (SAKA)

## STALLED PROJECTS

## 3323: SHRI L.S. TEJASVI SURYA:

Will the Minister of FINANCE be pleased to state:

(a)  the  details  of  State-wise  data  of  the  number  of  stalled  projects  that  will  be provided funding from the Alternative Investment Fund proposed to be created; (b)  the  number of  stalled  projects  eligible  for  funding  in  major  cities  viz.  NCR-New Delhi, Mumbai, Kolkata, Bengaluru, and Chennai; and (c) whether Rs. 10000 crore proposed expenditure from the Government will be over

- the Budgeted Expenditure for the present financial year and if so, the details thereof?

## ANSWER

## MINISTER OF STATE (FINANCE) (SHRI ANURAG SINGH THAKUR)

(a) to (b):  As per the study commissioned by the Investment Manager of the first AIF/Fund under  the  Special  Window  for  affordable  and  middle-income  housing  viz  SBICAP  Venture Limited,  2,202  housing  projects  in  the  affordable  and  mid-income  segment  comprising approximately  4.58  lakh  launched  units  are  stalled  (including  NPA/NCLT  projects).    A Statement indicating details of stalled projects in major cities is at Annexure. Funding will be provided by the AIFs under the Special Window if the project meets certain criteria such as: -

- (i) Net-worth positive
- (ii) Affordable and middle-income housing projects
- (iii) On-going projects registered with RERA
- (iv) Reference by existing lender

(c): The total commitment of funds to be infused by the Government in the affordable and middle-income group housing sector through the AIFs under the Special Window would be up to INR 10,000 crores, which will be released through appropriate budget allocations on the basis of drawdown notices received from the investment manager.

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Annexure Statement  referred  to  in  reply  to  parts  (a)  to  (b)  of  Lok  Sabha  Unstarred  Question  No.3323  for answer on 09.12.2019

|                 | Units    | Units       | Units    | MSft   | MSft           | MSft    | Value (in Cr.)   | Value (in Cr.)   | Value (in Cr.)   |
|-----------------|----------|-------------|----------|--------|----------------|---------|------------------|------------------|------------------|
| Cities          | Suppl y  | Absor ption | Unsol d  | Supply | Abso - rptio n | Unsol d | Supply           | Absorpt --ion    | Unsold           |
| NCR             | 199,96 1 | 150,93 4    | 49,027   | 285.4  | 215.4          | 70.0    | 135,363          | 101,37 4         | 33,990           |
| MMR             | 97,280   | 45,559      | 51,721   | 92.1   | 41.1           | 50.9    | 106,918          | 45,467           | 61,451           |
| Bengaluru       | 38,947   | 18,474      | 20,473   | 54.5   | 25.6           | 28.9    | 26,930           | 12,587           | 14,342           |
| Chennai 18,065  |          | 9,340       | 8,725    | 19.6   | 10.4           | 9.2     | 7,832            | 4,231            | 3,601            |
| Kolkata 17,004  |          | 6,962       | 10,042   | 18.9   | 8.6            | 10.3    | 7,064            | 3,508            | 3,556            |
| Pune            | 18,545   | 6,732       | 11,813   | 19.8   | 7.8            | 12.1    | 11,498           | 4,596            | 6,902            |
| Hyderabad 6,269 |          | 2,424       | 3,845    | 9.3    | 3.7            | 5.6     | 3,019            | 1,140            | 1,878            |
| Ahmedaba 2,319  | 763      |             | 1,556    | 3.4    | 1.0            | 2.3     | 1,264            | 368              | 896              |
| Tier-2          | 59,369   | 32,989      | 26,380   | 79.1   | 43.8           | 35.3    | 27,878           | 15,119           | 12,759           |
| Total           | 457,75 9 | 274,17 7    | 183,58 2 | 582    | 357            | 225     | 327,766          | 188,39 0         | 139,377          |

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