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The Government of India has announced the expansion of the SWAMIH Investment Fund under Budget 2026-27 with an allocation of INR 15,000 crore to support the completion of stalled housing projects. The initiative aims to provide relief to distressed homebuyers whose investments remain stuck and to improve overall confidence in the housing sector. As of earlier this year, the fund has committed investments across 148 projects and has already delivered over 63,000 homes. The scheme continues to function as a key financing mechanism for stressed residential developments across India.
The Government of India has announced the formal launch process of SWAMIH Investment Fund II, which is designed to provide relief to homebuyers whose investments are stuck in delayed or stalled housing projects. The Finance Minister informed Parliament that the new fund will build on the earlier SWAMIH initiative and continue supporting the completion of unfinished residential developments across cities. Advertisement
Under the Union Budget 2026-27, a fresh allocation of INR 15,000 crore has been made for the SWAMIH Fund, with the objective of completing around 1 lakh housing units in stalled projects. The funding is intended to address liquidity challenges faced by developers and enable faster project completion, particularly in the affordable and mid-income housing segments.
The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund has already been active since its earlier phase introduced in November 2019 as a stress resolution mechanism for the real estate sector. The fund operates as an Alternative Investment Fund with priority debt financing and is managed by State Bank of India Ventures.
As per data shared in Parliament, as of January 31, 2026, the fund has committed investments across 148 projects. It has also delivered 63,200 homes so far, while maintaining a portfolio of 1,01,443 homes across various locations in India. These efforts have contributed to reviving buyer confidence and easing stress in the housing market.
SWAMIH Fund-1 has mobilised a total corpus of INR 15,530 crore to date, primarily focused on providing structured financing to incomplete residential projects that are registered under RERA. The fund targets brownfield and stressed developments, including those with legal disputes, non-performing assets, or projects facing developer-related delays.
The scheme has also been positioned as a support mechanism for projects involving first-time developers as well as those with previously stalled or delayed track records. By stepping in where traditional financing is limited, the fund acts as a last-resort funding option to ensure project completion and delivery of homes to buyers who have been waiting for possession.
Source PTI
FAQ
Q1: What is the SWAMIH Investment Fund II?
The SWAMIH Investment Fund II is a government-backed initiative designed to provide financial support for completing stalled housing projects. It builds on the earlier SWAMIH fund and aims to help distressed homebuyers receive possession of their homes while addressing liquidity issues faced by developers.
Q2: How much allocation has been made for the SWAMIH Fund in Budget 2026-27?
The Government of India has allocated INR 15,000 crore for the SWAMIH Fund under Budget 2026-27. This allocation is intended to support the completion of stalled housing projects and improve liquidity in the real estate sector.
Q3: What is the main objective of expanding the SWAMIH Fund?
The main objective is to complete stalled housing projects, support developers facing financial stress, and provide relief to homebuyers whose investments are stuck. It also aims to improve confidence in the housing market by ensuring project completion.
Q4: How many housing units are expected to be completed through this initiative?
The expanded fund is expected to help complete around 1 lakh housing units across stalled projects in different cities, particularly in the affordable and mid-income housing segments.
Q5: What progress has been made by the SWAMIH Fund so far?
As of January 31, 2026, the fund has committed investments in 148 projects and has already delivered around 63,200 homes. It currently maintains a portfolio of over 1,01,000 homes across India.
Q6: How does the SWAMIH Fund operate?
The fund operates as an Alternative Investment Fund and provides priority debt financing to stressed housing projects. It is managed by State Bank of India Ventures and primarily focuses on RERA-registered projects facing delays or financial stress.
Q7: What types of projects are supported under the SWAMIH scheme?
The scheme supports stalled or delayed residential projects, including those with legal disputes, non-performing assets, or developer-related delays. It also supports brownfield developments and acts as a last-resort financing option to ensure completion and delivery of homes.
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