Impact of SWAMIH funds in completing stuck projects

12 Oct 2021 CW Team

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

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..