Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects’ (SWAMIH) fund

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