Try GOLD - Free
Second SWAMIH Fund may find fewer takers as property sales remain robust
Financial Express Kochi
|February 03, 2025
THE SECOND SPECIAL Window for Affordable and Mid-Income Housing (SWAMIH) Fund could find less takers than the first one, given the buoyancy in property sales, say lenders, developers and consultants.
In the Union Budget presented on Saturday, finance minister Nirmala Sitharaman proposed that the SWAMIH Fund II will be set up with a ₹15,000-crore allocation to help complete an additional 100,000 housing units. The fund is aimed at completing stuck housing projects.
"The need for money has come down (from stressed projects),"" said Amit Bagri, chief executive officer at Kotak Mahindra Investments, adding that buoyant property markets have solved a lot of problems.
Residential prices in places such as Noida have gone up by ₹3,000 per square feet, pushing up valuations and nudging institutional investors to back residential projects, Bagri said.
"Now, there are issues which money can't solve such as land issues, legal disputes and so on, where even SWAMIH cannot do anything," he added.
This story is from the February 03, 2025 edition of Financial Express Kochi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kochi
Financial Express Kochi
Russia not averse to Ukraine joining EU: US officials
RUSSIA HAS INDICATED it's open to Ukraine joining the European Union as part of a potential peace deal to end the war, US officials said Monday.
1 min
December 16, 2025
Financial Express Kochi
Create more space to let solar power flow
Solar power is auctioned almost every fortnight and developers are actively securing capacity, so boosting transmission network is crucial to reap benefits
3 mins
December 16, 2025
Financial Express Kochi
‘Top 15-20% of consumers driving growth energy’
Sudhir Sitapati, MD & CEO, Godrej Consumer (GCPL), says there is cautious optimism among FMCG players, driven by GST 2.0 price reductions, rural demand anda gradual urban recovery.
1 mins
December 16, 2025
Financial Express Kochi
Rural jobs scheme reloaded
THE RENAMED AND updated MGNREGA seeks a complete overhaul of the 2-decade-old programme to curb rampant leakages. A look at the key changes
1 min
December 16, 2025
Financial Express Kochi
DGCA panel visits IndiGo HQ amid crisis
THE FOUR-MEMBER panel, set up by Director General of Civil Aviation Faiz Ahmed Kidwai to investigate large-scale operational disruptions at domestic carrier IndiGo earlier this month, visited the airline's headquarters on Monday as part of the ongoing probe, sources said.
2 mins
December 16, 2025
Financial Express Kochi
With YONO 2.0, SBI aims to double users to 200 mn
STATE BANK OF INDIA on Monday launched YONO 2.0, a revamped version of its digital banking platform You Only Need One (YONO).
1 min
December 16, 2025
Financial Express Kochi
Tata Power to explore 20-50 MW small modular projects: CEO
TATA POWER WILL explore setting up small modular reactor (SMR) projects of 20-50 megawatt capacity post legal amendments required for the entry of private players into the nuclear space, a top company official said.
1 min
December 16, 2025
Financial Express Kochi
Trump’s steep H-1B visa fee…
“THE FEAR IS that if you have truly exceptional talent overseas, those people are definitely going to be missing out.”
1 mins
December 16, 2025
Financial Express Kochi
MUFG nears $3.2-bn deal to buy 20% in Shriram Fin
MITSUBISHI UFJ FINANCIAL
1 min
December 16, 2025
Financial Express Kochi
'Our vision is to build a future-ready airport'
Noida International Airport (NIA) expects to handle 6 to 8 million passengers in the first full year of operation and will connect the Delhi national capital region to 10 domestic and some international destinations, Christoph Schnellmann, the airport's chief executive officer, told Yaruqhullah Khan in an interview.
2 mins
December 16, 2025
Listen
Translate
Change font size