Listen To The Article The Special Window for Affordable and Mid Income Housing (SWAMIH) investment fund has finished more than 20,000 homes worth 12,000 crores since its launch in 2019. The Union Finance Ministry is funding the SWAMIH fund, which is aimed at debt financing of distressed and affordable housing properties. Stressed properties are repossessed properties from a defaulting...
Listen To The Article The government has been urged to introduce the second fund under the Special Window for Affordable and Mid-Income Housing (SWAMIH-2) in the upcoming Union Budget 2023–2024, which will be expected to be announced soon. In a letter to the finance minister Nirmala Sitharaman, National Real Estate Development Council (NAREDCO) requested that the program be expanded...
Listen To The Article Sanskar Homes, a Delhi-based real estate developer, has paid Rs 71 crore for an 800-square-yard property in South Delhi's Westend. Ravi Arora’s company intends to build residential floors on the property. Previously, the company, which focuses on luxury floors, had purchased a bungalow from Mobius Foundation chairman Pradip Burman for...