October 10, 2020

Over 30 housing projects worth Rs 4,197 crore accorded final approval under SWAMIH

NEW DELHI: 33 housing projects with an investment of Rs 4,197 crore got a final approval under the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund. This will lead to the completion of 25,048 home units, Finance Minister Nirmala Sitharaman stated on Thursday.

In a tweet, she said that “SWAMIH is working at a fast pace to provide relief to homeowners. Overall, 123 projects have been now sanctioned including final approval to 33 projects with an investment of Rs 12,079 crore that will target to provide relief to 81,308 homeowners.”

The investment fund of SWAMIH has been formed to complete the construction of stalled, RERA-registered affordable and mid-income category housing projects which are paused due to insufficient funds. In November 2019, the Union Cabinet had cleared a proposal to set it up.

The SWAMIH Investment Fund I will enable the completion of nearly 60,000 homes across India.

Projects like this are spread across a mix of markets. It includes large cities such as National Capital Region (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.

Subscribe
@
Best Locations in Bangalore to Buy Property in 2025

Bangalore is emerging as a  prime real estate market where new areas come up as lucrative target investment options. The analysis basically deals with the most promising segments for property investment in 2025, along with the factors of infrastructure, appreciation, and lifestyle amenities. Very high promise is given to Bangalore, especially Devanahalli and Yelahanka, thanks to developments at the aerospace park and the international airport coming up. The future projects of infrastructure

Karnataka Kickstarts SWIFT City: New Industrial Space

The state of Karnataka has embarked on a journey of developing SWIFT City (for Startups, Workspaces, Innovation, Finance, and Technology) on Sarjapur, Bengaluru. It is the third major general planned industrial hub for the state after the successful setting up of Electronic city and ITPL in Whitefield.   Project Infrastructure The envisaged SWIFT city would spread over more than 1,000 acres and house about 8-10 such facilities with plug-and-play infrastructure. Eac

Top Builders in Bangalore: List of Real Estate Developers

Bangalore, also known as the “Silicon Valley of India,” is a vibrant and diverse city that attracts people of diverse demographic characteristics. As the hub for IT business, with superior infrastructure and a cosmopolitan standard of living, this city has also become the epicentre for real estate investments. Whether it is high-end apartments or affordable houses, the requirement for residential properties is rising continuously. Therefore several leading real estate developers have been

↑