Finance Ministry approves Rs 22,972 cr for residential projects
The Finance Ministry told the media that a government-sponsored alternate investment fund (AIF), installed to extend last-mile funding to achieve delayed residential projects, has approved as much as Rs 22,972 crore for 243 projects. It will allow the completion of 1,41,045 homes across the nation. The fund, installed under the Special Window for Affordable and Mid-Income Housing (SWAMIH), has granted a final nod to investments of Rs 9,743 crore in 99 projects, while a preliminary approval was accorded to 144 projects covering investments of Rs 13,229 crore. The SWAMIH fund has already achieved over 1,500 residential units in the last six months. Image Source
Also read: SWAMIH fund allots Rs 200 cr for housing projects in three cities Also read: Govt hands over first residential project under SWAMIH Fund to buyers
Related Stories
Gurugram’s CAC to discuss structural safety of high-rise buildings
MoHUA to consider physical inspection, structural audit of projects
More than 250 stalled housing projects to get Rs 24,151 cr funding
The fund established under SWAMIH has given approval to 111 projects
Welspun logistics subsidiary to invest Rs 2,000 cr in warehousing
The fund is building and operating a 300-400 acre warehousing portfolio
Page {{currentPage}} of {{pageCount}}
{{#products}}
{{copy}}