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The Alternative Investment Fund (AIF) will comprise Rs 10,000 crore coming from the government and the remaining being provided by state insurer LIC and the country's largest lender SBI.
The Justice K Balakrishnan Nair committee appointed for overseeing the compensation process had recommended specific amounts for certain apartment owners.
Delhi CM Arvind Kejriwal appealed to the public to make donations to the crisis-hit state.
Sales in the real estate sector in seven major cities in the country rose by 25per cent year on year in the first half of 2018 with sales crossing 64,000 units.