Spreading over a land of 7.94 acres, the World Trade Centre in Gurugram comprises of a total leasable area of 1 msf consisting of office block and retail block in the form of four towers.
Homeamp;Soul (a subsidiary of Investors Clinic) today announced that the company will receive fund infusion under SWAMIH Investment Fund I from SBICAP Ventures to
Homeamp;Soul (a subsidiary of Investors Clinic) today announced that the company will receive fund infusion under SWAMIH Investment Fund I from SBICAP Ventures to
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A $3.5 billion fund set up by India to complete stalled housing projects is set to deliver its first finished apartments in 2021, offering a template for a problem that has washed out savings of thousands of home buyers and bankrupted developers.
The fund will hand over some 16 projects or more than 4,000 homes in the financial year starting April 1, said Irfan Kazi, chief investment officer at SBICAP Ventures Ltd., the government-appointed manager of the alternative investment fund. The ‘Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects’ (SWAMIH) fund was announced in November 2019.
At the time, India had an estimated $63 billion of such stalled projects as an economic slowdown and a credit crisis cascaded through the sector. Builders were unable to service their loans, forcing banks to write off the debts and worsen what was already one of the world’s biggest bad-loan piles. Prime Minister Narendra Modi’s government c