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Q: I hear that the govt. has planned to let developers raise up to $1 billion, is it true?
Latest Answer: At the same time Housing Minister Prakash Mehta recommended a decrease in FSI-TDR rates to make land available to developers in return for a specific percentage of free homes to the government, which could be sold at low prices to the poor classes. Through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.
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