Finance Ministry approves Rs 22,972 cr for residential projects
Real Estate

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

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

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code