+
Govt-backed SWAMIH Fund helped unlock 350,000 mn liquidity
ECONOMY & POLICY

Govt-backed SWAMIH Fund helped unlock 350,000 mn liquidity

According to a top executive of the fund, the government-backed and SBICAP Ventures-managed Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH) last-mile financing platform has helped unlock liquidity worth over 350,000 million by assisting the completion of stalled housing projects across the nation.

130 projects with sanctions totalling 125,000 million have received final approval through the finance ministry's 155,300 million fund to date. For the next three years, it plans to finish approximately 81,000 homes in 130 projects spanning 30 tier 1 and 2 cities, with 20,557 homes already completed.

In order to get the fund's total close to 155,300 million, the government recently stated its intention to contribute an extra 50,000 million. The extra commitment will allow the fund to keep reviewing agreements through December 2024.

According to a top executive of the fund, the government-backed and SBICAP Ventures-managed Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH) last-mile financing platform has helped unlock liquidity worth over 350,000 million by assisting the completion of stalled housing projects across the nation. 130 projects with sanctions totalling 125,000 million have received final approval through the finance ministry's 155,300 million fund to date. For the next three years, it plans to finish approximately 81,000 homes in 130 projects spanning 30 tier 1 and 2 cities, with 20,557 homes already completed. In order to get the fund's total close to 155,300 million, the government recently stated its intention to contribute an extra 50,000 million. The extra commitment will allow the fund to keep reviewing agreements through December 2024.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?