Description
GS PAPER II: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
Context: Government of India’s Special Window Completes First Residential Project.
- The residential project - Rivali Park, located in suburban Mumbai, was the first housing project in India to have received funding under the SWAMIH Fund.
SWAMIH Investment Fund
- The SWAMIH Fund was launched in November 2019. It is managed by SBICap Ventures.
- SWAMIH Investment Fund is one of the largest private equity teams in India.
- This fund is targeting to complete an aggregate of 1,16,600 homes.
- This Fund is bridging the trust deficit between homebuyers and developers by completing construction and delivering homes without depending on any other source of finance.
https://pib.gov.in/PressReleasePage.aspx?PRID=1719318
