Reviving Stalled Real Estate Projects – SWAMIH Investment Fund for Homebuyers

The SWAMIH Investment Fund I, sponsored by the Ministry of Finance, Government of India, and managed by SBICAP Ventures Ltd., is a groundbreaking initiative aimed at completing stressed and stalled residential projects. It is the country’s largest social impact fund specifically designed for this purpose.

Objectives of SWAMIH Investment Fund

The fund’s primary objective is to raise funds and provide priority debt financing for the completion of stressed, brownfield, and Real Estate Regulatory Authority (RERA) registered residential projects. It focuses on projects falling within the affordable and mid-income housing category, addressing the housing needs of a wide range of homebuyers.

Eligibility Criteria and Impact – Lender of Last Resort for Distressed Projects

SWAMIH considers a diverse range of projects and developers, including first-time developers, established developers facing project difficulties, those with a poor track record of stalled projects, customer complaints, NPA accounts, and projects with litigation issues. It acts as a lender of last resort for distressed projects, ensuring that even challenging projects have a chance to be completed successfully.

Robust Supervision and Control – Ensuring Faster Project Completions

One of the key strengths of SWAMIH is its robust supervision and control over project expenditures. This approach enables faster project completions and acts as a catalyst for better collections and sales. The Fund’s involvement often leads to improved outcomes, even in projects that have faced significant delays.

Achievements – Completed Homes and Future Goals

Since its inception in 2019, SWAMIH has provided final approval to approximately 130 projects, with sanctions worth over Rs 12,000 crore. In just three years, it has completed the construction of 20,557 homes and aims to complete over 81,000 homes in the next three years. Its impact extends across 30 tier 1 and 2 cities, revitalizing the real estate sector in these areas.

Unlocking Liquidity and Supporting Ancillary Industries

Apart from completing residential projects, the Fund has played a crucial role in unlocking liquidity in the real estate and infrastructure sectors. It has successfully facilitated liquidity of more than Rs. 35,000 crore, contributing to the growth of many ancillary industries in these sectors.

Conclusion – Driving Positive Change in Real Estate

The SWAMIH Investment Fund has emerged as a powerful catalyst in reviving stalled real estate projects and addressing the housing needs of affordable and mid-income homebuyers. Through its robust financing and supervision mechanisms, it has already achieved significant milestones and is poised to drive further positive change in the real estate sector.

SWAMIH Investment Fund – FAQs

Q1: What is the SWAMIH Investment Fund?

Ans: The SWAMIH Investment Fund, also known as the Special Window for Affordable and Mid-Income Housing Investment Fund, is India’s largest social impact fund devoted to the completion of strained and stalled residential projects.

Q2: Who sponsors and manages the SWAMIH Investment Fund?

Ans: The Fund is administered by SBICAP Ventures Ltd., a State Bank Group company, and is sponsored by the Ministry of Finance, Government of India.

Q3: What is the objective of the SWAMIH Investment Fund?

Ans: The Fund’s goal is to offer priority debt financing for the completion of distressed, brownfield, and RERA-registered residential projects in the affordable and middle-income housing categories.


  • Pritipalit

    Priti Palit, an accomplished edtech writer, boasts a wealth of experience in preparing candidates for multiple government exams. With a passion for education and a keen eye for detail, she has contributed significantly to the field of online learning. Priti's expertise and dedication continue to empower aspiring individuals in their pursuit of success in government examinations.

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