Real Estate News
Maharashtra plans $10 billion infra fund
Maharashtra state is planning a whopping $10-billion fund, which would be used for building infrastructure in rural areas of the state and specifically in Mumbai. The move to create this Infra Fund comes after the state has struggled to create new infrastructure because of the huge debt of Rs 3.30 lakh crore. The state is also planning to use the money from this fund to ease the state’s debt. The move to create this Infra Fund comes after many countries like Saudi Arabia, Japan, Germany, Israel and Canada expressed keen interest on investing in the state.
Source: The Economic Times, July 7, 2016, Mumbai
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