FM Sitharaman Boosts SWAMIH Fund with ₹650 Crore Allocation in Budget
Real Estate
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CNBC TV18•01-02-2026, 21:18
FM Sitharaman Boosts SWAMIH Fund with ₹650 Crore Allocation in Budget
- •Finance Minister Nirmala Sitharaman allocated ₹650 crore to the SWAMIH Investment Fund in the Union Budget 2026-27.
- •SWAMIH, launched in November 2019, is India's largest residential stress-resolution platform, reviving stalled projects through last-mile financing.
- •The fund has committed its entire corpus, spanning over 145 projects across 30 cities, and aims to deliver over 1 lakh homes, benefiting 4 lakh homebuyers.
- •So far, 61,000 homes have been delivered across 110 projects, including 7,000+ units for EWS/rehabilitation beneficiaries.
- •SWAMIH has unlocked over ₹37,400 crore in capital, generated 36,000+ jobs, contributed ₹6,900 crore to government revenues, and returned nearly 50% of drawn capital to investors.
Why It Matters: FM Sitharaman's ₹650 crore allocation strengthens SWAMIH, boosting stalled housing projects and economic growth.
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