In New Delhi the finance minister, Nirmala Sitharaman, said the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund II is in the process of being formally launched. The minister indicated that formal steps to operationalise the fund are under way and that authorities are working to complete required approvals. The update was provided as part of a broader briefing on measures to support the real estate sector.

SWAMIH was created to provide a targeted financing avenue for incomplete housing projects and to safeguard homebuyers whose projects had stalled, and the second fund is intended to build on that mandate. Officials expect the new vehicle to mobilise fresh capital, support stalled developments and help expedite project completions while restoring confidence in the property market. The minister noted that stakeholders, including domestic investors, have been engaged to ensure the fund meets its objectives.

The government is coordinating with regulators and potential investors to finalise governance arrangements, investment parameters and disbursement mechanisms so that projects can proceed without undue delay. Private sector participation and institutional capital are being encouraged to complement the public initiative and broaden the funding base for affected projects. Administrative and regulatory clearances are being prioritised to enable timely deployment of resources.

Market analysts see the formal launch as a step that could improve sectoral sentiment and reduce financial stress for developers and homebuyers by accelerating delivery timelines. The government will monitor implementation closely and is expected to provide further updates as the fund moves from formation to active investment. The minister reaffirmed that policy measures remain focused on completing housing supply and protecting the interests of end buyers.