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SWAMIH Fund Delivers 61,000 Homes, Revives Stalled Housing Projects

The SWAMIH Fund has successfully committed its entire investible corpus ahead of schedule, focusing on last-mile financing for stalled housing projects. It has delivered over 61,000 homes to residents, with a significant portion for economically weaker sections. The initiative has unlocked massive capital, spurred industrial demand for materials like cement and steel, and created substantial employment. Looking ahead, the government has announced a second, larger SWAMIH Fund to complete an additional 1 lakh housing units.

Key Points: SWAMIH Fund Completes Corpus, Delivers 61,000+ Homes

  • Fully committed investible corpus
  • Over 61,000 homes delivered across 110 projects
  • Unlocked ₹37,400+ crore in capital
  • Generated over 36,000 jobs
2 min read

SWAMIH Fund completes corpus commitment; delivers over 61,000 homes to residents

India's SWAMIH Fund has fully committed its corpus, delivering over 61,000 homes, unlocking ₹37,400 crore, and generating thousands of jobs.

"This fund of ₹15,000 crore will aim for expeditious completion of another 1 lakh units. - Ministry of Finance Press Release"

New Delhi, January 8

The Special Window for Affordable and Mid-Income Housing Investment Fund has protected homebuyers' interests, revived the housing sector, generated employment, and strengthened the overall economy.

According to a report from a Ministry of Finance press release, the Fund fully committed its entire investible corpus prior to the end of its investment period on December 5, 2025. This government-backed initiative provides last-mile financing to stalled housing projects and currently manages a portfolio of more than 145 projects across 30 cities.

The Fund stands as the largest residential-focused stress resolution platform in India. As of 15th December 2025, approximately 61,000 homes were delivered across 110 projects. This delivery includes over 7,000 units under the rehabilitation and Economically Weaker Sections (EWS) category. The Fund expects to eventually deliver over 1 lakh homes, which will provide relief to more than 4 lakh people across the country.

Operational data shows that the SWAMIH Fund unlocked more than Rs 37,400 crore of capital across 127 projects nationwide. The total area under development exceeds 90 million square feet, with 44 per cent of the inventory comprising Low Income Group (LIG) and Middle Income Group (MIG) housing.

The revival of these stalled projects also spurred industrial demand, generating a requirement for over 20 lakh tonnes of cement and 5.5 lakh metric tonnes of steel. Environmental efforts linked to these developments added more than 1.06 lakh trees to the green cover.

The initiative contributed significantly to the national workforce and public exchequer. It generated over 36,000 skilled and unskilled jobs, including 3,500 permanent positions. Furthermore, the Fund contributed more than an estimated Rs 6,900 crore in revenues to the Central and State governments through GST, stamp duties, and other official dues.

On the financial front, the Fund maintained high governance standards with 55 full exits and 44 partial exits. It returned nearly 50 per cent of the drawn capital to its investors. Specifically, the Fund returned approximately Rs 3,500 crore out of the Rs 7,000 crore drawn from the Government of India.

"On 1st February 2025, the Union Finance Minister announced in Budget 2025-26 that SWAMIH Fund-2 will be established, as a blended finance facility with contribution from the government, banks and private investors. This fund of ₹15,000 crore will aim for expeditious completion of another 1 lakh units," the release said.

- ANI

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Reader Comments

P
Priya S
Delivering 61,000 homes is a huge achievement. The focus on LIG/MIG and EWS housing is particularly commendable. Hope the SWAMIH-2 fund is implemented even faster to clear the remaining backlog.
A
Arjun K
Good step, but the article doesn't mention which cities and projects benefited the most. Transparency in project selection and fund disbursement is key. Also, hope the new fund has stricter oversight to prevent future stalling.
S
Sarah B
The economic ripple effect is impressive – 36,000 jobs, massive demand for cement/steel, and significant tax revenue. This is how you revive a sector holistically. The green cover addition is a nice touch too.
V
Vikram M
Returning 50% of drawn capital to the government is a solid financial performance. Shows the fund was managed well, not just a bailout. Hope the success model is replicated for other stressed sectors.
K
Kavya N
As someone who works in construction, I've seen firsthand the jobs this created. But the challenge remains for projects not covered by SWAMIH. Many builders are still struggling. The root cause of stalling needs to be fixed.

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