The Government has initiated the rollout of SWAMIH Investment Fund II, announced in the Union Budget 2026-27. Finance Minister Nirmala Sitharaman informed Parliament that the fund is being set up to support completion of stalled housing projects.
The allocation of ₹15,000 crore is expected to cover around 1 lakh housing units across cities. The scheme is aimed at projects where homebuyers are awaiting possession due to delays.
The earlier SWAMIH fund has seen investment commitments in 148 projects as of 31 January 2026. These projects together account for a pipeline of 1,01,443 homes across the country.
Of these, about 63,200 units have already been completed. The remaining units are at various stages of construction and funding.
SWAMIH was introduced in November 2019 as a government-backed stress fund for the housing sector. It operates as an Alternative Investment Fund providing priority debt financing to stalled residential projects.
The fund is managed by SBICAP Ventures Ltd and focuses on projects that are financially stressed but considered viable for completion.
Under SWAMIH Fund I, a corpus of ₹15,530 crore has been secured so far. The funding is directed at brownfield residential projects registered under RERA, mainly in the affordable and mid-income segments.
The scheme includes projects facing issues such as lack of funding, legal disputes, or delayed execution. Developers with ongoing but stalled projects have been eligible for support.
The funding is structured as last-mile financing for completion rather than initiating new construction. This applies to projects that have already seen substantial progress but are unable to proceed due to financial constraints.
Such projects often involve homebuyers who have already paid but are awaiting delivery.
Read More: Enforcement Directorate Examines Indian Nationals Using Credit Cards to Acquire Dubai Properties!
With the second fund being rolled out, the government is continuing its approach of supporting completion of delayed housing projects. The additional funding is expected to address pending units and assist projects that require final-stage financing.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 24, 2026, 2:24 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
