Building Dreams: SWAMIH Completes 61,000 Stalled Homes

The Special Window for Affordable and Mid-Income Housing (SWAMIH) fund has enabled the completion of more than 61,000 homes in stalled housing projects as of 15 December 2025.

The government-backed initiative aims to complete over one lakh homes, benefiting more than four lakh people nationwide. Its portfolio comprises 145 projects across more than 30 cities, making SWAMIH the country’s largest residential-focused stress resolution platform.

Through streamlined governance and effective project management, the fund has unlocked Rs 37,400 crore in capital and generated over 36,000 employment opportunities, including around 3,500 permanent jobs. The revival of these projects has also driven substantial demand for construction materials such as cement and steel.

Finance Minister Nirmala Sitharaman has announced the launch of a second SWAMIH fund worth Rs 15,000 crore in 2025 to accelerate the completion of an additional one lakh housing units. “The fund has fully committed its investible corpus and is well positioned to continue its impact on the housing sector,” the statement said.

News by Rahul Yelligetti.