India launches Rs 15,000 crore fund to complete 100,000 stalled middle-class housing units.

Indian Finance Minister Nirmala Sitharaman has announced a Rs 15,000 crore SWAMIH Fund 2.0 to complete 100,000 stalled housing units, benefiting middle-class families. The fund, a blended finance facility with contributions from the government, banks, and private investors, follows the success of an earlier fund that completed 50,000 units. Another 40,000 units are expected to be completed by 2025, addressing the issue of delayed apartment completions and helping homebuyers stuck in financial hardship.

2 months ago
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