Govt approves 33 realty projects worth ₹4,197-cr under SWAMIH

The Union Finance Minister informed that 33 housing projects with an investment of ₹4,197 crore have been accorded final approval under the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund which will pave the way for the completion of 25,048 home units. In totality, 123 projects have been sanctioned with an investment of ₹12,079 crore that will target to provide relief to 81,308 homeowners. SWAMIH Investment Fund has been formed to complete construction of stalled RERA registered affordable and mid-income category housing projects which are stuck due to paucity of funds. Late last year the Union Cabinet had cleared a proposal on this score. The SWAMIH Investment Fund I will enable the completion of nearly 60,000 homes across India. These projects are spreading across NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Chennai, Pune and also tier 2 locations including Karnal, Panipat, Lucknow, Surat, Dehradun, Kota, Nagpur, Jaipur, Nashik, Vizag and Chandigarh cities.