The SWAMIH (Special Window for Affordable and Mid-Income Housing) Fund is a government-sponsored investment fund focused on completing stalled real estate projects in India. Here are some key points about SWAMIH Fund 2.0:

  • Objective: To complete construction of stalled affordable and mid-income housing projects.
  • Focus: Projects where a majority of units are priced below ₹2 crore in major cities and ₹1 crore in smaller cities.
  • Target Beneficiaries: Homebuyers who are stuck with projects delayed due to financial constraints.
  • Fund Size: ₹15,000 crore.
  • Management: SBICAP Ventures Ltd., a subsidiary of the State Bank of India (SBI).
  • Impact:
    • Provides relief to homebuyers by ensuring completion of their long-awaited homes.
    • Revives the real estate sector by unlocking liquidity and restoring confidence.
    • Creates employment opportunities in construction and related industries.