Private Equity

PE-RE Fund Investments

SWAMIH Fund invests Rs.300-Cr in Hubtown’s project in Mumbai’s Ghatkopar

Economic Times  

The government-backed last-mile financing platform, Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I), has invested around INR 300 crore in realty developer Hubtown’s Rising City residential project near the Eastern Express Highway in the Ghatkopar suburb of Mumbai.The project was launched in 2013 and was scheduled to be delivered in 2020. In 2016, it was delayed for delivery due to regulatory issues related to height approvals. However, by 2023, the project received all necessary approvals.