SWAMIH FUND 2.0

GS2 GOVERNANCE 

The SWAMIH Fund 2.0 is a government initiative aimed at completing stalled housing projects, particularly affordable and mid-income ones. It helps developers get the financial support they need to finish these projects and deliver homes to buyers who’ve already invested.

Key Objectives:

• Complete Stalled Projects: Helps developers finish residential projects that have been delayed due to a lack of funds.
• Benefit Homebuyers: Ensures that buyers who have invested in these projects can get possession of their homes.
• Boost the Housing Sector: Supports the completion of these projects to improve the real estate market.

Key Features:

1. Funding: The government and banks contribute to this fund, which provides debt financing to developers.
2. Target Projects: Focuses on affordable and mid-income housing projects that are stuck due to lack of funds.
3. Support: The fund provides up to 100% of the cost needed to complete the project.
4. Eligibility: Developers must have completed at least 30% of the project to qualify for funding.
5. Project-Based Funding: The fund provides money in stages to complete the construction.

Impact:

• Helps Homebuyers: Enables people to get possession of their homes.
• Reduces Housing Shortage: Aims to meet the demand for affordable housing.
• Encourages Investment: Restores confidence in the real estate sector.
• Boosts the Economy: Completion of projects drives demand for materials, labor, and services.