Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) gave a go to 17 term loan proposals having a total cost of about 80 crore. When implemented in their entirety, these projects would generate employment, bring much revenue and would be instrumental in catalyzing a total investment of about 160 crore via the realty sector.
A meeting was organized amongst the Indian real estate professionals in this regard that witnessed a huge response. Delegates from various companies attended the meeting and discussed their finance assistance proposals in detail. Many well-known industrialists were also present who showed inclination regarding getting financial assistance from the HSIIDC. They wanted HSIIDC to partially fund their projects by way of different kinds of loans like industrial infrastructure development loan, working capital term loan, general term loan, corporate loan etc.
The feedback that resulted from this meet was used in reviewing and making better the policies and strategies of HSIIDC. Such meetings serve the important purpose of understanding ground realities so that the problems being faced by new and existing entrepreneurs can be minimized and completely done away with. Such a meeting also results in speedy service by such corporations, which ultimately strengthens the faith of the Indian real estate industry .
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