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TMI BlogSWAMIH Fund delivers over 22,500 homes as on 17th March 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... SWAMIH Fund delivers over 22,500 homes as on 17th March 2023 X X X X Extracts X X X X X X X X Extracts X X X X ..... the SWAMIH Fund has delivered over 22,500 homes. Giving more details, the Minister stated that SWAMIH provides funding to stressed/ stalled mid income and affordable housing projects across India, who satisfy the following criteria:- * At least 90% of the available Floor Space Index (FSI)/ Floor Area Ratio (FAR) is being developed as Affordable Housing units or Mid-Income Housing units. * Is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... net worth positive. * Is a part of RERA registered projects; has incurred at least 30% of the project costs; and requires last mile funding, sufficient to complete the project. * The capital provided by the Fund shall have a senior charge (except in cases where a regulatory authority holds first charge) over the portion of the project for which the funding shall be used. * Affordable or Mid- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... income Housing units have been defined as any housing units that do not exceed 200 sqm RERA carpet area and are priced as following (as applicable): * Less than INR 2 crore in Mumbai Metropolitan Region; * Less than INR 1.5 crore in National Capital Region, Chennai, Kolkata, Pune, Hyderabad, Bangalore and Ahmedabad; * Less than INR 1 crore in the rest of India; The Ministry of Finance carri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es out periodic review of the functioning of the fund and obtains regular updates on the functioning of the fund from the Investment Manager of the fund, the Minister stated. X X X X Extracts X X X X X X X X Extracts X X X X
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