March 4, 2023 2:57 PM

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SWAMIH Fund completes 20,557 homes since inception in 2019

<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The Special Window for Affordable and Mid-Income Housing (SWAMIH) fund completed 20,557 homes since inception in 2019. In a statement, the Ministry of Finance said that SWAMIH has so far provided final approval to about 130 projects with sanctions worth over 12,000 crore Rupees.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The aim of the Project is to complete over 81,000 homes in the next three years across 30 tier 1 and 2 cities. Given the robust controls, the Fund has been able to complete construction in 26 projects and generate returns for its investors.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The Fund has also played a critical role in the growth of many ancillary industries in real estate and infrastructure sector having successfully unlocked liquidity of more than 35,000 crore rupees.</span></p>

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