Lok Sabha Question No. 424 (STARRED), answered on 2026-03-23
Subject: SWAMIH Investment Fund for Stressed Housing Projects
Ministry: FINANCE
Asked by: Shri Sudheer Gupta, Shri Chavan Ravindra Vasantrao

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA

## STARRED QUESTION NO. 424

ANSWERED ON MONDAY, MARCH 23, 2026/CHAITRA 02, 1948 (SAKA)

## SWAMIH Investment Fund for Stressed Housing Projects

- †*424. Shri Chavan Ravindra Vasantrao: Shri Sudheer Gupta

Will the Minister of FINANCE be pleased to state:

- (a) whether the Special Window  for  Affordable and Mid-Income Housing (SWAMIH) Investment Fund has facilitated the completion of stalled affordable and mid-income housing projects and the release of stressed assets in the real estate sector;
- (b) if  so, the details thereof including the number of projects supported, housing units completed, beneficiaries benefited and the capital invested or returned to investors  particularly  in  the  UT  of  Jammu  and  Kashmir  and  the  States  of Rajasthan  including  Lok  Sabha  Constituency  of  Pali,  Jharkhand,  Madhya Pradesh,  particularly  Lok  Sabha  Constituencies  of  Dewas  and  Shajapur, Maharashtra particularly Palghar district and Karnataka including Bengaluru;
- (c) whether  the  Government  has  observed  any  measurable  impact  in  terms  of reviving  buyer  confidence,  improving  liquidity  and  reducing  stress  in  the housing sector particularly in the States of Karnataka and Madhya Pradesh, if so, the details thereof; and
- (d) whether the Government proposes to expand or launch second phase of the said Fund to address the stalled and stressed housing projects in the States of Karnataka  especially  Bengaluru  and  Madhya  Pradesh  particularly  DewasShajapur region and if so, the details thereof?

ANSWER FINANCE MINISTER

(SMT. NIRMALA SITHARAMAN)

(a) to (d): A statement is laid on the Table of the House.

Statement  referred  to  in  reply  to  parts  (a)  to  (d)  in  respect  of  Lok  Sabha  Starred Question No. *424 for reply on 23.03.2026 regarding 'SWAMIH Investment Fund for Stressed Housing Projects' by Shri Chavan Ravindra Vasantrao and Shri Sudheer Gupta.

- (a) Yes;
- (b) As on 31 st  January, 2026, Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund has committed investment in 148 projects, which may be seen as follows:

| State          | No. of Projects Invested   | Homes Completed   | Beneficiaries Benefitted   | Capital Invested across States (In INR Crore)   | Total Capital Returned (In INR Crore)   |
|----------------|----------------------------|-------------------|----------------------------|-------------------------------------------------|-----------------------------------------|
| Maharashtra    | 55                         | 14,764            | 59,056                     | 3,013.2                                         | 1,662.6                                 |
| Uttar Pradesh  | 24                         | 17,751            | 71,004                     | 2,493.4                                         | 1,146.3                                 |
| Haryana        | 22                         | 14,168            | 56,672                     | 1,721.1                                         | 1,276.9                                 |
| Rajasthan      | 13                         | 6,123             | 24,492                     | 481.6                                           | 328.9                                   |
| Telangana      | 7                          | 1,888             | 7,552                      | 691.8                                           | 114.2                                   |
| Karnataka      | 6                          | 2,153             | 8,612                      | 759.3                                           | 429.9                                   |
| Tamil Nadu     | 6                          | 2,587             | 10,348                     | 286.6                                           | 196.2                                   |
| Punjab         | 5                          | 1,298             | 5,192                      | 364.8                                           | 85.6                                    |
| Andhra Pradesh | 3                          | 376               | 1,504                      | 154.5                                           | 14.1                                    |
| Uttarakhand    | 2                          | 1,763             | 7,052                      | 215.0                                           | 279.8                                   |
| Gujarat        | 1                          | 259               | 1,036                      | 52.0                                            | 10.2                                    |
| Kerala         | 1                          | 70                | 280                        | 7.0                                             | 7.7                                     |
| TOTAL          | 145*                       | 63,200            | 2,52,800                   | 10,240.2                                        | 5,552.3                                 |

Of these, 13 projects are in Rajasthan (Jaipur-8, Jodhpur-1, Kota-1, Bhiwadi-3), 57 projects  are  in  Maharashtra  (Mumbai-34,  Nagpur-1,  Nashik-2,  Navi  Mumbai-2, Pune-7, Thane-11) and 6 projects are in Bengaluru, Karnataka. Further, the fund has no investments in the UT of Jammu and Kashmir, Lok Sabha Constituency of Pali  (Rajasthan),  Jharkhand,  Lok  Sabha  Constituency  of  Dewas  and  Shajapur (Madhya Pradesh) and Palghar (Maharashtra).

- (c) Yes,  the  fund  has  had  a  measurable  impact  on  reviving  buyer  confidence  and reducing  stress  in  the  housing  sector  by  delivering  63,200  homes  with  total 1,01,443  homes  in  the  portfolio  across  India.  Beyond  enabling  completion  of homes, SWAMIH has generated significant economic benefits.

In the state of Karnataka, the fund has made investments in 6 projects, with an aggregate commitment of INR 1,146 Crore and the potential to deliver over 5,100 homes. These investments have helped unlock capital of over INR 4,200 Crore that was previously stuck in these projects. As on January 31,2026, the fund has successfully exited 3 of these investments and has delivered 2,100 homes across these projects. The fund does not have any investment in Madhya Pradesh.

(d) SWAMIH Investment Fund II was announced as part of the recent Union Budget, and is in the process of being formally launched.

*****