Housing blueprint to bail out broken dreams, brick by brick | India News


Apart from a ray of hope for buyers of stagnant housing projects, the Government announced on Saturday a new crore of 15,000 rupees “Swamih background“For the completion of 1 Lakh units in several cities.
In November 2019, the center announced the stress fund called “Special Window for affordable and mid -income housing” (Swamih). The first fund, with a RS Corpus 15,530 million rupees, is being administered by Sbicap Ventures Ltd, a SBI Group company.
Now, it is time for Swamih Fund-2 .. so far, 50,000 housing units have been completed in stressed housing projects and the keys have been delivered Buyers. Another 40,000 units will be completed in 2025. “Swamih Fund-2 will be established as a Combined finance installation With government contribution, banks and investors. This RS Fund 15,000 million rupees will aim at the expedited completion of other 1 Lakh units, “said the FM.





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