Explained: All you need know about the government plan to monetise urban real estate assets under NMP

This post is taken from moneycontrol.com (source).

Finance Minister Nirmala Sitharaman on August 23 announced a Rs 6 lakh crore Redevelopment of seven residential colonies in Delhi, including those at Sarojini Nagar and Nauroji Nagaras as well as development of residential/ commercial units on 240 acres of land in Ghitorni in Delhi has been identified to garner Rs 15,000 crore.