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Govt's special fund for stalled housing projects to deliver 4000 flats this year The ‘Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects’ (SWAMIH) fund was announced in November 2019. (REUTERS)Premium . Updated: 19 Feb 2021, 10:37 AM IST Bloomberg The ‘Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects’ (SWAMIH) fund was announced in November 2019 Share Via Read Full Story A 250-billion-rupee ($3.5 billion) fund set up by India’s government to complete stalled housing projects is set to deliver its ...

A 250-billion-rupee ($3.5 billion) fund set up by India's government to complete stalled housing projects is set to deliver its first finished apartments in 2021, offering a template for a problem that has washed out savings of thousands of home buyers and bankrupted developers.

2,852,509.0 A $3.5 billion fund set up by India to complete stalled housing projects is set to deliver its first finished apartments in 2021, offering a template for a problem that has washed out savings of thousands of home buyers and bankrupted developers. The fund will hand over some 16 projects or more than 4,000 homes in the financial year starting April 1, said Irfan Kazi, chief investment officer at SBICAP Ventures Ltd., the government-appointed manager of the alternative investment fund. The ‘Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects...

India Business News: A Rs 25,000 crore ($3.5 billion) fund set up by India’s government to complete stalled housing projects is set to deliver its first finished apartment

Analysis | Budget 2021 mildly positive for realty sector, most expectations remain unmet Some positive impact is also expected on Real Estate Investment Trusts, given the permitted flexibility to raise debt from Foreign Portfolio Investors, which broadens funding avenues and enables lower cost financing. Representative Image. The real estate industry was expecting major support, demand boosting announcements in the Budget, but barring extension of a few existing sops; and broadening of REITs financing avenues, most expectations have remained unmet.  The industry has been grappling with stee...