According to two people in the know, the government is holding regular meetings with bankers and Reserve Bank of India (RBI) officials on the matter.
Although the Centre’s Special Window for Affordable and Mid-Income Housing (SWAMIH) investment fund successfully revived several projects, government officials said further actions are necessary. Launched in 2019, SWAMIH seeks to facilitate the completion of distressed residential projects.
The SWAMIH Investment Fund I, managed by State Bank of India’s SBICAP Ventures, helped in the completion of 20,557 units over the last four years and seeks to handover another 81,000 homes in 130 projects across 40 tier 1 and 2 cities, once the approvals are in place, one of the officials said on condition of anonymity. The fund has concluded the entire cycle of evaluation, investment, construction, and successful redemption of 11 projects, the official added.
Esta historia es de la edición June 26, 2023 de Mint Mumbai.
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