
The Indian government is preparing to launch the SWAMIH-2 Fund, a Rs 15,000-crore initiative aimed at completing approximately one lakh stalled housing projects. This fund will provide last-mile financing to help middle-class homebuyers whose investments are currently stuck. The government has allocated Rs 1,500 crore as seed capital for the fund, which builds upon the success of the first SWAMIH Fund that has already completed over 55,000 units.