Govt to Launch SWAMIH-2: 100,000 Stalled Homes to be Completed

The government is in the final stages of operationalising the SWAMIH-2 Fund, a fresh financing window aimed at resolving stalled residential housing projects and easing stress for homebuyers whose investments remain stuck despite regular loan repayments, as per news reports. 

SWAMIH-2 Fund Structure and Objective 

The proposed SWAMIH-2 Fund will have a total corpus of ₹15,000 crore and is designed to provide last-mile funding to viable but delayed housing projects.  

To kick-start the fund, the government has earmarked ₹1,500 crore as seed capital in the Union Budget 2025–26.  

Once approvals and mandates are cleared, the fund is expected to unlock investments and enable the completion of stalled projects, benefiting nearly one lakh middle-class homebuyers. 

Experience From the Earlier SWAMIH Fund 

The new fund builds on the experience of SWAMIH Fund-1, which was launched in November 2019 to address stress in the housing sector.  

Managed by SBI Ventures, the 1st fund has already facilitated the completion of over 55,000 housing units and aims to deliver another 30,000 homes over the next three to 4 years.  

So far, ₹15,530 crore has been raised to support stalled, brownfield and RERA-registered affordable and mid-income housing projects.  

The fund operates with a team of around 30 investment professionals and functions as a lender of last resort, supporting projects facing funding gaps, litigation or developer-related challenges. 

Read More: Government To Implement Double Deflation in New GDP Series to Address IMF Concerns! 

Conclusion 

With SWAMIH-2, the government is seeking to scale up its intervention in the stalled housing segment by accelerating project completion and restoring buyer confidence. The initiative is expected to play a key role in addressing funding gaps across delayed projects and easing financial stress in the residential real estate sector. 

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