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SWAMIH Investment Fund to back the HomeSoul project

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 ....

India General , New Delhi , Noida Uttar Pradesh , Sakshee Katiyal , Investment Fund , Uttar Pradesh , Investors Clinic , Central Government , Boulevard Walk , India News , Expressway The , Yamuna Expressway ,

SWAMIH Investment Fund to back the HomeSoul project

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 ....

India General , New Delhi , Noida Uttar Pradesh , Sakshee Katiyal , Investment Fund , Uttar Pradesh , Investors Clinic , Central Government , Boulevard Walk , India News , Expressway The , Yamuna Expressway ,

India's $3.5 billion zombie-home experiment starts to pay off


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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 ....

Irfan Kazi , Narendra Modi , Life Insurance Corp , Ventures Ltd , National Capital Region , Special Window , Mid Income Housing Project , Minister Narendra Modi , Life Insurance , State Bank , Anarock Property Consultants , Mumbai Metropolitan Region , Real Estate Regulation , Development Act , India Housing Projects , Corona Virus , Affordable Housing , இர்பான் கேஸீ , நரேந்திர மோடி , வாழ்க்கை காப்பீடு கார்ப் , முயற்சிகள் லிமிடெட் , தேசிய மூலதனம் பகுதி , சிறப்பு ஜன்னல் , நடுவில் வருமானம் வீட்டுவசதி ப்ராஜெக்ட் , அமைச்சர் நரேந்திர மோடி , வாழ்க்கை காப்பீடு ,