SWAMIH Fund completes 20,557 homes since inception in 2019

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.

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.

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.