Tag: Stalled housing projects

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Finance Minister: SWAMIH Investment Fund II Launch Underway

File Photo NEW DELHI: The SWAMIH Investment Fund II was announced as part of the recent Union Budget and is set to be officially launched. Its aim is to provide assistance to distressed homebuyers with stalled investments, as Finance Minister Nirmala Sitharaman informed Parliament on Monday. The 2026-27 budget introduced a new Rs 15,000 crore ‘SWAMIH Fund’ designated for completing 1 lakh units in delayed housing projects across various cities. As of January 31, 2026, the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund has committed investments in 148 projects, according to her response in the Lok Sabha.…

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Govt to Launch SWAMIH-2 Fund for 1 Lakh Stalled Homes

NEW DELHI: The government is in the final stages of shaping the SWAMIH-2 Fund, aimed at providing last-mile financing for the completion of delayed housing projects, according to sources. The introduction of the ₹15,000-crore fund is expected to benefit nearly 100,000 middle-class homebuyers whose investments are in limbo despite ongoing EMI payments on their housing loans. To support this initiative, the government has set aside ₹1,500 crore as seed capital for the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund in the 2025-26 budget. The mandates for the new fund are currently being finalized, with clearance anticipated soon. It…

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GNIDA Issues Partial OCs for Builders Paying 25% Dues

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has authorized partial occupancy certificates for various stalled housing projects under the UP government’s rehabilitation policy, following the Kant committee’s recommendations aimed at reviving stalled real estate developments. So far, developers of 37 out of 98 halted projects in Greater Noida have paid 25% of their total dues, the minimum requirement to qualify for policy benefits, which include debt rescheduling and a waiver for defaults during the Covid pandemic. Under this new policy, developers who have made partial payments will receive occupancy and completion certificates (OCs/CCs) proportional to their payments, enabling the…