Swamih Fund Greenlights Rs.3.40 Bn for Vatika Project in Gurugram

26 Mar 2024 CW Team

The Swamih Investment Fund, which focuses on completing stalled housing projects, has approved funding amounting to ?3.40 billion for a Vatika Group project in Gurugram. This injection of funds is poised to expedite the completion of the project, benefiting homebuyers and stakeholders alike.

The approval from the Swamih Fund signifies a significant step towards addressing the challenges faced by stalled real estate projects in Gurugram. By providing financial support, the fund aims to revive stalled projects and facilitate the timely delivery of homes to buyers.

The funding approval for the Vatika project underscores the Swamih Fund's commitment to promoting confidence and stability in the real estate market. It reflects the fund's strategic approach to resolving issues related to project delays and enhancing transparency and accountability in the sector.

As the Vatika project receives funding from the Swamih Fund, homebuyers can expect accelerated progress towards project completion and possession of their units. The infusion of funds is expected to rejuvenate the project and unlock its full potential, benefiting both buyers and the broader real estate ecosystem in Gurugram.

The Swamih Fund's decision to approve funding for the Vatika project aligns with its mandate to support stalled housing projects across India. The move underscores the fund's role in revitalising the real estate sector and facilitating the timely delivery of homes to buyers, thereby fostering trust and stability in the market.

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