What is the SWAMIH fund and how does it help stalled projects?

The SWAMIH Investment Fund is a government-backed last-mile financing initiative established in 2019 to provide priority debt funding to stressed and stalled affordable and mid-income residential projects in India, enabling completion and delivery to waiting homebuyers.

How SWAMIH Works

• Provides senior secured debt to eligible stalled projects as last-mile funding
• Projects must be RERA-registered and net-worth positive at market value
• Funding enables resumption of construction and project completion

Eligibility Criteria

• Projects in the affordable and mid-income housing categories
• Stalled due to liquidity stress rather than fraud or malfeasance
• Must demonstrate ability to complete with the additional funding

Impact on the Market

• Provided relief to thousands of stuck homebuyers awaiting possession
• Restored confidence in the stressed developer ecosystem
• Demonstrated government commitment to homebuyer protection

The SWAMIH fund has been a significant intervention in India's residential market, rescuing projects that might otherwise have remained stalled indefinitely and restoring hope to hundreds of thousands of homebuyers across major cities.