New Delhi, Feb. 15 -- Union Housing and Urban Affairs Minister Manohar Lal Khattar said that his ministry will encourage a proposal to set up charitable institutions to fund housing, particularly in the affordable segment, since banks and other such entities do not come forward to fund housing units in the affordable sector.

Addressing the NAREDCO Conclave 2026 on its second day here, Khattar on Saturday indicated that a dedicated fund could be set up to finance stalled housing projects from the pre-RERA period, in line with broader industry suggestions, so that both their promoters and buyers can reach a win-win settlement.

The Union Minister also indicated that the government would work towards development for nearly 700-750 slum sett...