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SWAMIH Fund achieves closure of housing project in Bhiwadi, Rajasthan

SWAMIH Fund has completed more than 1,500 homes in the last six months. It is currently on track to complete at least 10,000 homes every year in the next three to four years, the finance ministry tweeted

December 10, 2021 / 20:32 IST
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In November 2019, the central government launched the SWAMIH Investment Fund to help complete over 1,500 stalled housing projects.

SWAMIH Fund has completed more than 1,500 homes in the last six months. It is currently on track to complete at least 10,000 homes every year in the next three to four years, finance ministry tweeted.

The government-backed SWAMIH Investment Fund I on December 10 achieved another closure of a stressed project in Bhiwandi in Rajasthan as it helped complete 100 housing units of the project Oxirich Sunskriti II.

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Suresh Kozhikote, MD, SBICAP Ventures, handed over the keys to the relieved homebuyers on December 10.

“Within a period of six months, SWAMIH funding has made it possible to complete the construction of 100 units in two towers of Oxirich Sunskriti II, out of 700 units across 6 towers. This is the Fund’s 1st project handover in Bhiwadi, Rajasthan,” the finance ministry tweeted.