Business Standard-SWAMIH touches 50,000 mark as FM Sitharaman hands over keys to homebuyers
Special Window for Affordable and Middle Income Housing (SWAMIH) Fund achieved a major milestone on Monday by completing 50,000 homes since its inception in 2019, as finance minister Nirmala Sitharaman handed over keys to homebuyers from select projects in Mumbai. The fund is designed to provide last-mile funding for stressed housing projects.
The housing units handed over by Sitharaman belonged to Avant Hillways, Vision Heights and Shubham Trident. “With the vision and support of the Government of India, this fund has paved the way for the completion of numerous housing projects, ensuring that thousands of families can finally call these homes their own,” said Prem Prabhakar, MD and CEO of SBI Ventures Ltd in a press release.
