Impact of SWAMIH funds in completing stuck projects
Real Estate

Impact of SWAMIH funds in completing stuck projects

Project delay is most common problem in India among mid and small builders. The lockdown situation across the nation made it difficult for developers to meet the project completion deadlines. However, as the market started opening, it is time for the real estate sector to make that giant leap towards making solid efforts in meeting the project completion deadlines. The government has been making concrete efforts to support the sector through its Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH) fund. SWAMIH fund has been so helpful that developers are queuing up for the fund to complete their stuck projects and hand over keys to long-suffering buyers. So far, Swamih has completed 1,100 homes in five projects, and going forward, if there is no Covid disruption this year, it is expected to deliver 10,000 stuck homes in this financial year. Swamih team does extensive technical due diligence before entering a project. They follow a two-way approach, where preliminary approval is given based on information available from the developer. Later, a desktop forensic due diligence and then intensive due diligence by 4-5 different companies on various aspects of the project including corporate, legal, forensic, title, and ESG determines the final approval.
 
In the past, surveys have shown that project delays are the single biggest reason for leading to a reduction in the number of passive buyers. Currently, the real estate sector is witnessing good growth. Maharashtra stands as the best example in witnessing registrations spike, despite the second wave of the coronavirus pandemic, especially after a reduction in stamp duty and home loan interest rate to as low as 6.60%.
 
With initiatives lie Swamih, we can hope India’s real estate sector to bounce back at a better rate than expected.

Click here to read more

Project delay is most common problem in India among mid and small builders. The lockdown situation across the nation made it difficult for developers to meet the project completion deadlines. However, as the market started opening, it is time for the real estate sector to make that giant leap towards making solid efforts in meeting the project completion deadlines. The government has been making concrete efforts to support the sector through its Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH) fund. SWAMIH fund has been so helpful that developers are queuing up for the fund to complete their stuck projects and hand over keys to long-suffering buyers. So far, Swamih has completed 1,100 homes in five projects, and going forward, if there is no Covid disruption this year, it is expected to deliver 10,000 stuck homes in this financial year. Swamih team does extensive technical due diligence before entering a project. They follow a two-way approach, where preliminary approval is given based on information available from the developer. Later, a desktop forensic due diligence and then intensive due diligence by 4-5 different companies on various aspects of the project including corporate, legal, forensic, title, and ESG determines the final approval. In the past, surveys have shown that project delays are the single biggest reason for leading to a reduction in the number of passive buyers. Currently, the real estate sector is witnessing good growth. Maharashtra stands as the best example in witnessing registrations spike, despite the second wave of the coronavirus pandemic, especially after a reduction in stamp duty and home loan interest rate to as low as 6.60%. With initiatives lie Swamih, we can hope India’s real estate sector to bounce back at a better rate than expected.Click here to read more

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?