Support: +91-22-61011756 /
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Centre sanctions Rs 8,700 cr to construct 60,000 houses

Friday, 24 Jul 2020
Share this on :
The Union Ministry of Finance has sanctioned over Rs 8,700 crore under a special scheme, ‘SWAMIH’ to ensure completion of about 60,000 houses.

The Special Window for Affordable and Mid Income Housing scheme (SWAMIH) aims to complete construction of stalled, brownfield, RERA-registered residential developments that are in affordable housing/mid-income category.

Conditions are such that projects should be net worth positive and require last mile funding to complete construction. There is a fund to assist this scheme which started with target corpus of Rs 12,500 crore with a green shoe option of Rs 12,500 crore.

Union Finance Minister Niramla Sitharaman reviewed the performance of this scheme with government officials and senior management team of the State Bank of India, SBI Capital Markets and SBICAPS Ventures (SVL). The fund has so far approved 81 projects with an investment of Rs 8,767 crore.

These projects are spread across a mix of markets including large cities such as the National Capital Region, the Mumbai Metropolitan Region, Bengaluru, Chennai, Pune and also Tier-II locations including Karnal, Panipat, Lucknow, Surat, Dehradun, Kota, Nagpur, Jaipur, Nashik, Vizag, Chandigarh, etc. Amongst these projects, investments in 18 projects have been given final clearance and disbursement is at various stages across seven residential projects.

Applications from 353 stressed projects are under examination for provision of assistance. It was also highlighted that activation of these construction sites by special window will provide employment opportunities for skilled and semi-skilled labourers.

Additionally, the fund is actively evaluating options to provide relief to 15,000 homebuyers in certain long-stalled projects which are pending before the Supreme Court for resolution.

The recent initiative by the fund to reduce the cost of capital to 12 percent has resulted in an increase in the number of projects that meet the funding criteria laid out under special window.

Post Your Comments


Sign up to start your free trial

Are you...


Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services