SWAMIH ?165 Cr Fund to Capital Infratech Homes

The Special Window for Affordable & Mid-Income Housing (SWAMIH) Fund has approved Rs 165 crore to Capital Infratech Homes Pvt. Ltd, a Greater Noida based developer. The last mile funding will benefit 900 homebuyers as the fund will help developer to deliver the 450 flats by October 2021 and rest

BY Realty Plus
Published - Wednesday, 17 Mar, 2021

SWAMIH ?165 Cr Fund to Capital Infratech Homes

The Special Window for Affordable & Mid-Income Housing (SWAMIH) Fund has approved Rs 165 crore to Capital Infratech Homes Pvt. Ltd, a Greater Noida based developer. The last mile funding will benefit 900 homebuyers as the fund will help developer to deliver the 450 flats by October 2021 and rest by February 2022. “We have given consent in relation to dues of the builder which need to be paid to the authority. A review meeting was called and we will meet 3-4 developers on March 15 to discuss how they can avail this fund to complete the stuck project,” said Greater Noida authority. While the impact of liquidity issues was felt across all asset classes, the residential real estate was the most impacted.