SWAMIH Fund II is launching to resolve distressed homebuyers’ funding gaps in India's stalled housing sector.

Maharashtra's economic data reveals a significant acceleration in Mumbai's Slum Rehabilitation Authority (SRA) output, with 2,545 projects completed over three decades. Notably, nearly one-fifth of these units were delivered in the five years following the pandemic, rehabbing over 2.83 lakh families into formal housing.

Official data reveals Mumbai has completed 2,545 Slum Rehabilitation Authority (SRA) projects over three decades, with a significant acceleration in the last five years. Nearly 2.83 lakh families have been moved into formal housing through these large-scale urban renewal efforts.

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The BMC has completed the Bellasis Flyover reconstruction in just 15 months, finishing four months ahead of schedule. The critical east-west connector linking Tardeo, Nagpada, and Mumbai Central is set to reopen next week pending railway clearance.

Suraksha Group has completed construction of 5,989 homes across 63 towers at Jaypee Wish Town in Noida, bringing long-awaited relief to thousands of homebuyers who waited nearly a decade following the developer's NCLT-approved takeover in 2024.

The SWAMIH Fund has completed 61,000 stalled housing units and is on track to deliver over 1 lakh homes, benefiting more than 4 lakh homebuyers. Here's a detailed look at its national impact on India's real estate sector.

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Ramco Cements has completed the sale of non-core land assets to Prestige Estates Projects Ltd for INR 515 crore, enabling the cement manufacturer to unlock capital from surplus holdings and focus resources on core business operations and expansion.

Prime Minister Narendra Modi inaugurates the 5-km underground stretch of Kanpur Metro, including the Kanpur Central Station and 2.4 km of tunnelling completed by Afcons. The infra major continues to strengthen India’s metro network.

MahaRERA has warned purchasers about 314 housing projects undergoing corporate bankruptcy resolution at the National Company Law Tribunal. A major 236 projects are in Mumbai, 52 in Pune, nine in Haveli, and five each in Ahmednagar and Solapur.

In 2024, over 5.3 lakh residences will be completed, a decade-high. The Covid-19 outbreak delayed projects and the government-backed SWAMIH fund revived them, causing this increase. NAREDCO states that almost 4.35 lakh units were constructed in the top seven cities in 2023.

All essential permissions will be given within three months using a single-window certification system, and these projects will be completed by self-regulation procedures.