+
SWAMIH to invest Rs 100 crore in Imperia's residential project
Real Estate

SWAMIH to invest Rs 100 crore in Imperia's residential project

Special Window for Affordable and Mid-Income Housing (SWAMIH), a government-financed stress fund, would invest about Rs 100 crore to finish a residential project in Gurgaon.

Imperia Group is developing this project. Realty consultant JLL India promoted the deal, which would benefit 450 stuck home purchasers.

SWAMIH Investment Fund I would finance the Phase II residential project of Imperia, The Esfera in Gurgaon.

The amount sanctioned for the investment is not disclosed yet, but according to the media reports, investment by the SWAMIH fund would be nearly Rs 100 crore.

SBICAP Ventures manages the fund, a 100% subsidiary of SBI Capital Markets, a wholly-owned subsidiary of the State Bank of India (SBI).

The plan was introduced in 2012 as a 1.2 million sq ft mid-segment residential project spread across 11 acres in Sector 37 C, Gurgaon. The Centre began a SWAMIH fund to support developers who are struggling to finish their ongoing projects.

In November 2019, the central government announced a Rs 25,000 crore-special window to help finish more than 1,500 stressed housing projects, including nearly 4.58 lakh housing units.

Manish Aggarwal, JLL Managing Director (North & East India), said the residential market of India developed a lot after the second wave of the pandemic. In Gurgaon, new micro-market launches have already begun.

In the last couple of years, the supply in the market was restricted because of a lack of stamp duty benefits and circle prices.

Gurgaon market is leading in sales of high-end and upper-middle parts in the whole NCR area in the last few quarters.

Image Source


Also read: SWAMIH funds over Rs 150 cr in Tridhaatu Realty project in Chembur

Also read: SWAMIH Fund to invest in six Amrapali projects worth Rs 650 cr

Special Window for Affordable and Mid-Income Housing (SWAMIH), a government-financed stress fund, would invest about Rs 100 crore to finish a residential project in Gurgaon. Imperia Group is developing this project. Realty consultant JLL India promoted the deal, which would benefit 450 stuck home purchasers. SWAMIH Investment Fund I would finance the Phase II residential project of Imperia, The Esfera in Gurgaon. The amount sanctioned for the investment is not disclosed yet, but according to the media reports, investment by the SWAMIH fund would be nearly Rs 100 crore. SBICAP Ventures manages the fund, a 100% subsidiary of SBI Capital Markets, a wholly-owned subsidiary of the State Bank of India (SBI). The plan was introduced in 2012 as a 1.2 million sq ft mid-segment residential project spread across 11 acres in Sector 37 C, Gurgaon. The Centre began a SWAMIH fund to support developers who are struggling to finish their ongoing projects. In November 2019, the central government announced a Rs 25,000 crore-special window to help finish more than 1,500 stressed housing projects, including nearly 4.58 lakh housing units. Manish Aggarwal, JLL Managing Director (North & East India), said the residential market of India developed a lot after the second wave of the pandemic. In Gurgaon, new micro-market launches have already begun. In the last couple of years, the supply in the market was restricted because of a lack of stamp duty benefits and circle prices. Gurgaon market is leading in sales of high-end and upper-middle parts in the whole NCR area in the last few quarters. Image Source Also read: SWAMIH funds over Rs 150 cr in Tridhaatu Realty project in Chembur Also read: SWAMIH Fund to invest in six Amrapali projects worth Rs 650 cr

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?