SWAMIH fund allots Rs 200 cr for housing projects in three cities

06 Jul 2021 CW Team

The financing of the last mile of these three projects will help in the construction and delivery of houses to more than 1,700 homebuyers.

The project in Mumbai is being built by Raghvendra Constructions and has almost 200 apartments, including 70 tenants. In Thane, the project is taken by Arvij Builders, which has nearly 100 apartments, including tenants and new homebuyers.

Jaipur's affordable housing project, Surya Residency, has sold 800 apartments till now out of the total inventory.

The recent fund sanction worth Rs 100 crore to Ansal Housing's project Ansal Highland Park in Gurgaon. Before, the fund approved an investment of Rs 171 crore in April in Dehradun's Windlass Developer's Township project, Windlass River Valley.

The fund has approved preliminary and final approval of 213 projects of Rs 17,000 crore. Finance Minister Nirmala Sitharaman announced SWAMIH as an Alternative Investment Fund (AIF) in 2019, and the cabinet approved it in November 2019.

The fund is expected to help 1.16 lakh families to get their homes, Sitharaman said while handling the possession of the residential project in Mumbai's Borivali, the first to be completed under the SWAMIH fund. The fund is expecting to complete 25 stressed projects and deliver 12,617 homes by the next 12 months.

The federal fund has approved 80 projects that will help completion of 50,000 stalled homes in the country, and a total of 133 projects have received preliminary sanctions and expects to complete 71,000 additional homes.

Given headwinds in the real estate sector and the scenario post-pandemic, the finance assumes significant scarcity of capital from alternate sources, and SWAMIH I investment fund has been a key enabler for many projects in the last-mile liquidity support.

Image Source

Also read: Govt hands over first residential project under SWAMIH Fund to buyers

Also read: Govt sets up fund for stalled housing projects

Government-backed Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH-I) has approved investments of around Rs 200 crore in three stressed housing projects in Mumbai, Thane, and Jaipur. The financing of the last mile of these three projects will help in the construction and delivery of houses to more than 1,700 homebuyers. The project in Mumbai is being built by Raghvendra Constructions and has almost 200 apartments, including 70 tenants. In Thane, the project is taken by Arvij Builders, which has nearly 100 apartments, including tenants and new homebuyers. Jaipur's affordable housing project, Surya Residency, has sold 800 apartments till now out of the total inventory. The recent fund sanction worth Rs 100 crore to Ansal Housing's project Ansal Highland Park in Gurgaon. Before, the fund approved an investment of Rs 171 crore in April in Dehradun's Windlass Developer's Township project, Windlass River Valley. The fund has approved preliminary and final approval of 213 projects of Rs 17,000 crore. Finance Minister Nirmala Sitharaman announced SWAMIH as an Alternative Investment Fund (AIF) in 2019, and the cabinet approved it in November 2019. The fund is expected to help 1.16 lakh families to get their homes, Sitharaman said while handling the possession of the residential project in Mumbai's Borivali, the first to be completed under the SWAMIH fund. The fund is expecting to complete 25 stressed projects and deliver 12,617 homes by the next 12 months. The federal fund has approved 80 projects that will help completion of 50,000 stalled homes in the country, and a total of 133 projects have received preliminary sanctions and expects to complete 71,000 additional homes. Given headwinds in the real estate sector and the scenario post-pandemic, the finance assumes significant scarcity of capital from alternate sources, and SWAMIH I investment fund has been a key enabler for many projects in the last-mile liquidity support. Image Source Also read: Govt hands over first residential project under SWAMIH Fund to buyers Also read: Govt sets up fund for stalled housing projects

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..