SWAMIH fund to invest Rs.90-Cr in stalled real estate project in Meerut

The Special Window for Affordable & Mid-Income Housing (SWAMIH) fund has approved about INR 90 crore for the completion of a stalled real estate project in Meerut. The last-mile funding, which includes INR 75 crore for construction and INR 14.5 crore as contingency fund, will lead to time-bound delivery of houses to 450 home buyers. The project started in 2015 but there has been no work since 2018.