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Nisus and SWAMIH Fund invested in Aliens Developers' projects, with Nisus focusing on structured capital. The SWAMIH Fund initiative, introduced by Nirmala Sitharaman, aims to address stalled housing projects.
SWAMIH I invested in Hubtown's Rising City project near Eastern Express Highway, benefiting homebuyers amidst regulatory issues, as part of the government's initiative to aid stalled projects.
SWAMIH I invested in Hubtown's Rising City project near Eastern Express Highway, benefiting homebuyers amidst regulatory issues, as part of the government's initiative to aid stalled projects. The project was launched in 2013 but was delayed for delivery due to regulatory issues related to height approvals in 2016 while the project was scheduled to be delivered in 2020. However, in 2023, the project received all necessary approvals.
Over 250 stuck housing projects get Rs 24,151-crore funding support : Rashtra News #stuck #housing #projects #24151crore #funding #support The fund, set up under the Special Window for Affordable and Mid Income Housing (SWAMIH), has granted final approval to investments of Rs 10,992 crore in 111 projects, while preliminary nod was given to 141 projects
The real estate sector's Budget 2024 wish list includes an expansion of the definition of affordable housing, industry status and tax sops for homebuyers