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NewsScrollSunday, 6 September 2026NEW

CBI books Subhash Chandra for allegedly defrauding LIC Housing Finance of Rs 1,322 crore

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Summary

The complaint alleged that the media baron had submitted fake certificates with inflated net worth to avail loans.

Key Facts

TypeNews
SourceScroll.in
PublishedSunday, 6 September 2026
Affected Population~100 million urban housing shortage, 30 million rural

Key Numbers

PMAY: 4.13 crore houses total sanctioned
Urban housing shortage: 10 million units
Affordable Housing Fund: Rs 25,000 crore
GDP: $3.9 trillion (2025 est.)

Key Authorities

Ministry of Housing & Urban AffairsNHBMinistry of FinanceRBISEBI

Key Stakeholders

HomebuyersReal Estate DevelopersSlum DwellersTaxpayersBanks & NBFCsInvestors

Government Context

NDA IIIBJP-led NDA
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