Budget 2025: What Is SWAMIH Fund 2 And How Will It Benefit Middle-Class Homebuyers?

Alankar Mishra

Author

Updated: 16-04-2025 at 12:35 PM

In Budget 2025, Finance Minister Nirmala Sitharaman announced the launch of SWAMIH Fund 2 with ₹15,000 crore, aiming to complete 1 lakh delayed housing units.

The initiative builds on the success of SWAMIH Fund 1, which helped deliver 50,000 completed housing units and aims to complete another 40,000 units in 2025.

For middle-class families struggling with EMIs and rent, this scheme ensures faster completion of stalled housing projects, providing relief to homebuyers and reviving the real estate market.

Key Features

Feature	Details
Fund Name	SWAMIH Fund 2
Announced In	Union Budget 2025
Total Allocation	₹15,000 crore
Objective	Complete 1 lakh stalled housing units
Beneficiaries	Middle-class homebuyers facing delayed possession
Financial Contributors	Government, banks, and private investors
Execution Body	SBICAP Ventures Ltd (State Bank Group)
Impact on Real Estate	Increased liquidity and buyer confidence

How Will SWAMIH Fund 2 Benefit Middle-Class Homebuyers?

SWAMIH Fund 2 is a big step to help middle-class homebuyers who are waiting for their homes. It will speed up construction and reduce financial stress for families. Here’s how this fund will help:

Faster Project Completion – Ensures 1 lakh stalled housing units are finished on time.
Relief for Homebuyers – Helps families stuck paying both rent and EMIs.
Boosts Buyer Confidence – Encourages new investments in the housing sector.
Supports Real Estate Market – Increases liquidity for builders and developers.
Government-Backed Security – Ensures transparency and structured funding for troubled projects.

What Is The SWAMIH Fund?

The Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund was launched on November 6, 2019, to provide priority debt financing for stalled residential projects.

The first SWAMIH Fund, managed by SBICAP Ventures Ltd, raised ₹15,530 crore to complete delayed RERA-registered housing projects in the affordable and mid-income segments.

Who Benefits from the SWAMIH Fund?

Homebuyers waiting for apartment possession.
Developers with stalled projects facing funding issues.
Real estate sector by improving liquidity and stability.

SWAMIH is often seen as the lender of last resort for projects facing:

Customer complaints & litigation issues.
Poor financial track records of developers.
RERA-registered projects in financial distress.

Why Is SWAMIH Fund 2 Important?

The government has launched SWAMIH Fund 2 to help complete stalled housing projects. This will bring relief to homebuyers waiting for their apartments and boost the real estate sector. Here’s why this fund is important:

1 lakh more homes will be completed.
Homebuyers will get their delayed apartments.
The real estate sector will regain stability.
Financial stress on middle-class families will be reduced.

Conclusion

The SWAMIH Fund 2 is a major step in ensuring middle-class homebuyers get their long-delayed apartments. With ₹15,000 crore allocated, this scheme will fast-track project completion, boost buyer confidence, and support real estate stability.

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