Budget 2025: What is SWAMIH Fund 2 scheme, how will it benefit middle-class families?
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1 month, 4 weeks ago

Budget 2025: What is SWAMIH Fund 2 scheme, how will it benefit middle-class families?

Live Mint  

Real sector Budget 2025: Aiming at completing stuck housing projects and provide relief to homebuyers whose apartments have been delayed for years in the country, Finance Minister Nirmala Sitharaman on February 1 – while reading out the Union Budget 2025-26 – announced that a SWAMIH Fund 2 will be established with ₹15000 crore allocation to help complete an additional 1 lakh housing units. The SWAMIH Fund 2 aims at helping middle class families who are paying EMIs on loan taken for apartment and also paying rent for current dwelling units, the FM said while reading out the Union Budget 2025-26 at the Parliament on Saturday. Introduced on November 6, 2019 to provide priority debt financing for the completion of stalled residential projects, the first SWAMIH fund scheme is managed by SBICAP Ventures Ltd, a State Bank Group company. The government raised ₹15,530 crore under the SWAMIH Fund-1, with an aim to provide priority debt financing for the completion of stressed, brownfield and Real Estate Regulatory Authority registered residential projects that fall in the affordable, mid-income housing category.

Projects 2025 Fund Swamih Swamih Fund 2  middleclass  units  projects  completion  swamih  2025  fund  families  scheme  budget  housing  established  provide  crore  benefit

History of this topic

Here’s a look at Income Tax changes impacting homebuyers from April 1
1 week ago

Here’s a look at Income Tax changes impacting homebuyers from April 1

Hindustan Times  

Budget 2025 had some good news for homeowners and homebuyers. If a homeowner does not occupy the property for specific reasons, i.e., due to employment or business or profession carried out at any other place, then the annual value of an additional property so occupied is also considered as NIL as per Budget 2025, which was not the case earlier,” …

Dua Associates Advises SBI Ventures Limited's SWAMIH Investment Fund-I In Its Funding Of Rudra Buildwell Homes Private Limited
1 month, 3 weeks ago

Dua Associates Advises SBI Ventures Limited's SWAMIH Investment Fund-I In Its Funding Of Rudra Buildwell Homes Private Limited

Live Law  

Dua Associates advised and assisted SBI Ventures Limited's SWAMIH Investment Fund-I in its Rs 380 crores funding of Rudra Buildwell Homes Private Limited for the Greater-Noida based residential project – Aqua Casa. The transaction was completed in late January 2025 and will contribute to building on SWAMIH Investment Fund-I goal of delivering 20,000 homes every year. The Aqua Casa project …

Builders hail ₹15K cr fund for stalled projects, but feel Budget falls short of their expectation
1 month, 4 weeks ago

Builders hail ₹15K cr fund for stalled projects, but feel Budget falls short of their expectation

Live Mint  

New Delhi, Feb 1 Realtors' apex bodies CREDAI and NAREDCO on Saturday said the industry was expecting a lot from the Union Budget including, a hike in exemption on interest paid on home loans and sops to boost affordable housing segment, even as the two associations hailed the move to set up ₹15,000 crore fund to complete stalled housing projects. …

Budget 2025: What is SWAMIH Fund 2 scheme, how will it benefit middle-class families?
Trending News
1 month, 4 weeks ago

Budget 2025: What is SWAMIH Fund 2 scheme, how will it benefit middle-class families?

Live Mint  

Real sector Budget 2025: Aiming at completing stuck housing projects and provide relief to homebuyers whose apartments have been delayed for years in the country, Finance Minister Nirmala Sitharaman on February 1 – while reading out the Union Budget 2025-26 – announced that a SWAMIH Fund 2 will be established with ₹15000 crore allocation to help complete an additional 1 …

Budget 2025: Govt. announces ₹15,000 cr fund for stressed housing projects; framework to push GCCs in Tier 2 cities
1 month, 4 weeks ago

Budget 2025: Govt. announces ₹15,000 cr fund for stressed housing projects; framework to push GCCs in Tier 2 cities

Live Mint  

Bengaluru: The Union government has proposed allocating ₹15,000 crore for the much-awaited second tranche of the Special Window for Affordable and Mid-Income Housing fund, which will have a particular focus on completing stuck housing projects. The SWAMIH Fund 2 will be established as a blended finance facility with contribution from the government, banks, and private investors, finance minister Nirmala Sitharaman …

Budget 2025: Urban Challenge Fund of Rs 1 lakh crore
1 month, 4 weeks ago

Budget 2025: Urban Challenge Fund of Rs 1 lakh crore

New Indian Express  

The Centre on Saturday announced allocations to boost urban infrastructure and support affordable housing. While presenting the Union Budget, Finance Minister Nirmala Sitharama said that building on the July Budget proposals, urban sector reforms related to governance, municipal services, urban land, and planning would be incentivised. The Finance Minister said that the Government would set up an Urban Challenge Fund …

Budget 2025 wishlist: This is what homebuyers look forward to from the finance minister
2 months, 1 week ago

Budget 2025 wishlist: This is what homebuyers look forward to from the finance minister

Hindustan Times  

With almost five lakh housing units stuck in various stages of construction across cities, homebuyers hope that Budget 2025 will focus on giving them more money and incentivising those who have not received possession of their homes for years despite having paid almost 80%- 100% of the amount to the real estate developer. They hope the government will allocate more …

Stans Buildtech Group gets ₹160 cr from SWAMIH Fund to revive stalled project
1 year ago

Stans Buildtech Group gets ₹160 cr from SWAMIH Fund to revive stalled project

Hindustan Times  

Mumbai-based real estate firm Stans Buildtech Homes Pvt Ltd has secured financing of Rs. “At 'Stans Buildtech Homes' our foremost objective, supported by the SWAMIH fund, is to guarantee the punctual completion of the project. Colliers has been instrumental in achieving this collaboration”, said Azizur Rehman Momin, Managing Director, Stans Buildtech Homes Private Limited. We worked closely with SWAMIH Fund …

Gurugram developers seek more Swamih funds, tax relief
1 year, 2 months ago

Gurugram developers seek more Swamih funds, tax relief

Hindustan Times  

The developers based in Gurugram and across the country, under the aegis of National Real Estate Development Council, have written to the Union finance minister to seek more funds and tax relief as a pre-budget demand. They also urged the finance ministry to come up with the second tranche of the Special Window for Affordable and Mid-Income Housing funds of …

Budget 2024-25:NAREDCO seeks funds for completing residential projects under GST
1 year, 3 months ago

Budget 2024-25:NAREDCO seeks funds for completing residential projects under GST

Live Mint  

In its pre-budget recommendations, realtors body NAREDCO has sought ₹50,000 crore more fund under SWAMIH to complete stalled housing projects across the country, saying this will benefit consumers as well as the industry. NAREDCO said the SWAMIH fund has played a critical role in completing many stuck projects, leading to renewed interest among investors, both foreign and domestic, in the …

NAREDCO seeks ₹50,000 crore more under SWAMIH Fund in Budget 2024
1 year, 3 months ago

NAREDCO seeks ₹50,000 crore more under SWAMIH Fund in Budget 2024

Hindustan Times  

Real estate developers' body National Real Estate Development Council has recommended to the finance ministry to come up with the second tranche of the Special Window for Affordable and Mid-Income Housing fund with a corpus value of ₹50,000 crore in the upcoming budget for the financial year 2024-2025, saying the move is expected to benefit both home buyers as well …

Dua Associates Advises SBICAP Ventures Limited's SWAMIH Investment Fund-I In Its Rs 362 Crore Funding Of Kashish Developers Limited
2 years ago

Dua Associates Advises SBICAP Ventures Limited's SWAMIH Investment Fund-I In Its Rs 362 Crore Funding Of Kashish Developers Limited

Live Law  

Dua Associates advised and assisted SBICAP Ventures Limited's SWAMIH Investment Fund-I in its Rs 362 crore funding of Kashish Developers Limited for the Gurugram-based residential project – Manor One. The transaction was completed in late February 2023 and will contribute to building on SWAMIH Investment Fund-I goal of delivering 20,000 homes every year. The Kashish developers project along with the …

SWAMIH fund completes over 20,000 homes since 2019. Know what's its purpose
2 years ago

SWAMIH fund completes over 20,000 homes since 2019. Know what's its purpose

Hindustan Times  

The Special Window for Affordable and Mid-Income Housing investment fund has completed over 20,000 homes worth ₹12,000 crore since the initiative was launched in 2019. SWAMIH fund completes over 20,000 homes since its inception. Launched in November, 2019, with an objective to complete stressed and brownfield properties registered under Real Estate Regulatory Authority, SWAMIH investment fund is a government-funded initiative …

Centre’s SWAMIH Fund completes 20,557 homes since its inception in 2019, unlock ₹35,000 cr liquidity
2 years ago

Centre’s SWAMIH Fund completes 20,557 homes since its inception in 2019, unlock ₹35,000 cr liquidity

Live Mint  

NEW DELHI: The Special Window for Affordable and Mid-Income Housing Investment Fund has completed over 20,000 homes since its inception in 2019. The SWAMIH Fund is a social impact fund, The fund is “SWAMIH has so far provided final approval to about 130 projects with sanctions worth over ₹12,000 crore. In three years since inception in 2019, the fund has …

Mantri Serenity is first stalled realty project in Bengaluru to be completed with government funds
2 years, 3 months ago

Mantri Serenity is first stalled realty project in Bengaluru to be completed with government funds

The Hindu  

December 20, 2022 02:59 pm | Updated 08:11 pm IST - Bengaluru Mantri Serenity on Kanakapura Road, where booking began in 2012 but the project was stalled in 2018 due to lack of funds, has emerged as the first realty project in Bengaluru to be completed using funding from the SWAMIH Investment Fund, a special scheme by the Union government …

Dua Associates Advises SWAMIH Investment Fund I For Its Rs 90 Crore Funding Of Nav Grih Developers Private Limited For Meerut Project
2 years, 7 months ago

Dua Associates Advises SWAMIH Investment Fund I For Its Rs 90 Crore Funding Of Nav Grih Developers Private Limited For Meerut Project

Live Law  

The affordable housing segment has been among the front-runners in terms of growth in the real estate sector. Dua Associates advised and assisted SBICAP Ventures Limited as the investment manager of SWAMIH Investment Fund I, in relation to its funding of Nav Grih Developers Private Limited for the stalled real estate Project Sikka Krissh Greens located in, Meerut, Uttar Pradesh. …

Mortgage permission to be granted to builders in Noida for Centre’s stress fund
2 years, 11 months ago

Mortgage permission to be granted to builders in Noida for Centre’s stress fund

Live Mint  

Noida authorities have decided to grant mortgage permission to real estate developers in order to help them access the Centre's stress funds to complete their projects. The SWAMIH fund was brought into existence to help complete over 1,500 stalled housing projects comprising 4.58 lakh housing units across the country. "SWAMIH fund has been formed by the central government to rescue …

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman
4 years, 7 months ago

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman

India TV News  

To provide Rs 50,000 crore equity support to stressed MSME units, a Fund of Funds announced as part of the Rs 20.97 lakh crore Aatmanirbhar Bharat Abhiyan package is expected to get operation soon, State Bank of India Chairman Rajnish Kumar said on Monday. The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with …

Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects
5 years, 4 months ago

Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects

Firstpost  

In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore bailout fund to finance 1,600 stalled housing projects, the Finance Minister Nirmala Sitharaman said In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore …

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