A large number of players including DLF’s KP Singh had met the Prime Minister and Finance Minister to discuss the problem of fund crunch for the industry. “Housing and construction are important growth drivers in any economy. I have impressed upon the banks to deliver credit at the appropriate price after assessing the risk and the credit worthiness of the borrowers,” Finance Minister P Chidambaram had said after a meeting PSU bank chiefs.

The move is being considered at the highest levels in the government, even though it may take some time to arrive at a result with the government keenly watching the credit situation at home and how the situation changes with the US economy now reacting to a new President-elect.