New Delhi, Jan 8 (.) The Special Window for Affordable and Mid-Income Housing (SWAMIH) fund is expected to deliver over 1 lakh homes, providing relief to 4 lakh people, an official statement said here on Thursday.
Launched in November 2019 after approval by the union Cabinet, the SWAMIH Fund was established to provide last-mile financing to distressed housing projects.
The fund has now deployed its entire investible corpus before the end of its investment period on 5 December 2025.
As of 15 December 2025, the SWAMIH Fund’s portfolio comprises more than 145 real estate projects spread across urban India.
Out of these, 110 projects have reported progress on home deliveries, with approximately 61,000 homes delivered so far. This includes over 7,000 units under the rehabilitation category for economically weaker sections and low-income groups.
The fund’s activities are expected to benefit more than four lakh homebuyers who have been affected by stalled or slow-moving residential projects due to financing constraints.
Through its operations, SWAMIH has unlocked more than ₹37,400 crore of capital across 127 projects, enabling over 90 million square feet of under-development realty to move forward. Nearly 44 per cent of these developments consist of housing units within the lower and mid-income brackets.
The revival of these projects has also triggered ancillary economic activity, resulting in the generation of over 36,000 jobs, including more than 3,500 permanent positions. The fund’s interventions have contributed an estimated Rs 6,900 crore or more in revenues to the Centre and state governments through taxes and duties.
Construction activities revitalised demand for construction materials, reportedly absorbing more than 20 lakh tonnes of cement and 5.5 lakh tonnes of steel.
The SWAMIH Fund has also registered returns, with nearly half of its drawn capital already returned to investors. Out of the Government of India’s own contribution of approximately Rs 7,000 crore, about Rs 3,500 crore has been returned.
This underscores the fund’s ability to balance social objectives with financial discipline, according to the official statement.
In the union Budget for FY 2025–26, the Finance Minister announced the establishment of SWAMIH Fund-2, a new blended finance facility designed to continue last-mile financing support in the residential sector. The second fund will have a size of Rs 15,000 crore, with contributions from the government, banks and private investors. Its mandate is focused on speeding up the completion of an additional one lakh housing units affected by delays and stress.
SWAMIH Fund-2 is expected to build on the experience of the original fund by leveraging a mix of public and private capital to resolve project stress in affordable and mid-income housing segments.
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