Govt-backed SWAMIH Fund helped unlock 350,000 mn liquidity
ECONOMY & POLICY

Govt-backed SWAMIH Fund helped unlock 350,000 mn liquidity

According to a top executive of the fund, the government-backed and SBICAP Ventures-managed Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH) last-mile financing platform has helped unlock liquidity worth over 350,000 million by assisting the completion of stalled housing projects across the nation.

130 projects with sanctions totalling 125,000 million have received final approval through the finance ministry's 155,300 million fund to date. For the next three years, it plans to finish approximately 81,000 homes in 130 projects spanning 30 tier 1 and 2 cities, with 20,557 homes already completed.

In order to get the fund's total close to 155,300 million, the government recently stated its intention to contribute an extra 50,000 million. The extra commitment will allow the fund to keep reviewing agreements through December 2024.

According to a top executive of the fund, the government-backed and SBICAP Ventures-managed Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH) last-mile financing platform has helped unlock liquidity worth over 350,000 million by assisting the completion of stalled housing projects across the nation. 130 projects with sanctions totalling 125,000 million have received final approval through the finance ministry's 155,300 million fund to date. For the next three years, it plans to finish approximately 81,000 homes in 130 projects spanning 30 tier 1 and 2 cities, with 20,557 homes already completed. In order to get the fund's total close to 155,300 million, the government recently stated its intention to contribute an extra 50,000 million. The extra commitment will allow the fund to keep reviewing agreements through December 2024.

Next Story
Real Estate

The Only Way is Up!

In 2025, India’s real-estate market will be driven by a confluence of economic, demographic and policy-driven factors. Among these, Boman Irani, President, CREDAI National, counts rapid urbanisation, the rise of the middle class, policy reforms like RERA and GST rationalisation, and the Government’s decision to allow 100 per cent FDI in construction development projects (including townships, housing, built-up infrastructure, and real-estate broking services).In the top metros, especially Bengaluru, followed by Hyderabad and Pune, the key drivers will continue to be job creation a..

Next Story
Building Material

Organisations valuing gender diversity achieve higher profitability

The building materials industry is projected to grow by 8-12 per cent over the next five years. How is Aparna Enterprises positioning itself to leverage this momentum and solidify its market presence?The Indian construction and building materials industry is projected to witness significant expansion, with estimates suggesting an 8-12 per cent compound annual growth rate (CAGR) over the next five years. This growth is fuelled by rapid urbanisation, increased infrastructure investments and sustainability-focused policies. With India's real-estate market expected to reach $ 1 trillion by 2030, t..

Next Story
Real Estate

Dealing with Delays

Delays have beleaguered many a construction project in India, hampering the country from building to its ability and potential, and leading to additional costs incurred by the contractor. The reasons for delayIn India, delays mainly occur owing to obtaining statutory approvals, non-provisioning of right of way, utility diversion and approval of drawings and design. Delays are broadly classified based on responsibility and effect. Excusable delays arise from factors beyond the contractor’s control, such as force majeure events or employer-induced delays. These delays generally entitle th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?