SWAMIH fund okays Rs 2.07 bn for stalled Noida project

29 Nov 2022 CW Team

The Special Window for Affordable & Mid-Income Housing (SWAMIH) fund has approved about Rs 2.07 billion for completing a stalled real estate project in Greater Noida.

The last-mile funding, the first instalment of which released recently, will lead to time-bound delivery of houses to 1,000 home buyers at Sikka Kimaya Greens.

“The project registered in the name of Eco Green Buildtech was started by the Sikka Group, but is stuck midway. The builder had dues of Rs 740 million, of which it has paid Rs 410 million from the first instalment,” said a Greater Noida authority official. The SWAMIH fund has approved funding for over 30 projects in the National Capital Region, and this is the third project in Greater Noida to receive funding.

“This was a difficult project to fund and the road ahead is also difficult. We will need support of homebuyers and authority to complete the project,” said Irfan A Kazi, chief investment officer at SWAMIH Investment Fund.

The project was launched in 2014 and was supposed to be delivered by 2020.

“We were managing the construction, but Covid impacted the project. With the fund, we will start delivering units three months from now and will complete the project within 18 months,” said Harvinder Singh, managing director of the Sikka Group.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..