SWAMIH Fund-2: A Beacon of Hope for Homebuyers
In a significant move to aid homebuyers caught in the web of stalled housing projects, the government has announced a fresh allocation of ₹15,000 crore under the “SWAMIH Fund“. This initiative aims to complete an additional 1 lakh housing units across various cities.
A Quick Recap of SWAMIH
Launched in November 2019, the Special Window for Affordable and Mid-Income Housing (SWAMIH) has already made substantial progress, with 50,000 dwelling units completed and keys handed over to relieved homeowners. With another 40,000 units expected to be completed by 2025, SWAMIH Fund-2 is set to further accelerate this momentum.
What’s New in SWAMIH Fund-2?
The new fund will operate as a blended finance facility, pooling resources from the government, banks, and private investors. The Finance Minister highlighted that this initiative aims for expedited completion of housing units, providing much-needed relief to homebuyers.
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Conclusion
The announcement of SWAMIH Fund-2 is a promising step towards resolving the housing crisis for many buyers. With government support, homebuyers can look forward to a brighter future.
