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How GoI's gamechanging SWAMIH fund for stalled housing actually works on the ground SECTIONS Last Updated: May 17, 2021, 11:29 PM IST Share Synopsis It is an innovative financing structure that must be replicated across several capital-intensive industries. Innovative financing is, indeed, the need of the hour. However, the biggest yardstick to measure success of the scheme will be in providing homes to middle-class families, which had their household wealth stuck over the last several years. SWAMIH fund provides money to projects as a stand-alone entity, not to a builder. Vivek Singh Karan B...

‘Stalled hsg projects fund to benefit 1.2L homebuyers’ Top Searches ‘Stalled hsg projects fund to benefit 1.2L homebuyers’ PTI / May 14, 2021, 07:10 IST FacebookTwitterLinkedinEMail NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund will benefit 1.16 lakh home loan borrowers, whose housing projects were stalled due to last-mile funding issues. Many real estate projects across the country were stalled due to fund crunch. To address this issue, the government, in November 2019, announced the Rs 25,000-...

Highlights SWAMIH completes its first residential project. The residential project - Rivali Park in Mumbai. New Delhi: Finance Minister Nirmala Sitharaman on Thursday said the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund will benefit 1.16 lakh home loan borrowers whose housing projects were stalled due to last mile funding issues. The FM has handed over possession to homebuyers virtually as government’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completes its first residential project. Addressing the virtual event, Finance Minister Smt. Sitharaman said...

A rebound in US stocks following a three-day rout and easing of US bond yields and inflationary concerns may give domestic stocks a positive start on Friday. Upbeat sentiment in other Asian markets, and back home, data showing an improvement in factory output and fall in retail inflation may help stocks log gains. Here's breaking down the pre-market actions: STATE OF THE MARKETS Nifty futures on the Singapore Exchange traded 172.5 points, or 1.19 per cent, higher at 14,680, signaling that Dalal Street was headed for a positive start on Friday. Tech view: Nifty resistance at 15,000-15,050 Nift...

A dull day for jewellers. PTI reports: "Akshaya Tritiya, a highly auspicious day to purchase gold, has started on a sombre note and jewellers are expecting only 10-15 per cent sales as the onset of the COVID-19 second wave, local restrictions and partial lockdowns have affected consumer sentiment. "As most of the states are under lockdown to curb the infections there is almost no business activity. The day of Akshaya Tritiya has begun on a slow note and whatever booking or enquiries are happening it is only through tele or digital medium," All-India Gems & Jewellery Domestic Council (GJC) cha...