News
SWAMIH Fund’s first project completed; FM gives possession
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman on May 13 handed over possession to homebuyers virtually as the Government’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completed its first residential project.
The project, Rivali Park, located in suburban Mumbai, was the first housing project to have received funding under the SWAMIH Fund launched by Sitharaman in November 2019.
Rivali Park is pread over 7 acres and consists of 708 units of various configurations. It is developed by CCI Projects Pvt. Ltd (CCIPPL), an associate company of Cable Corporation of India.
Along with Smt. Sitharaman, the online event was attended by Anurag Singh Thakur, Minister of State for Finance and Corporate Affairs; Durga Shankar Mishra, Secretary, Ministry of Housing and Urban Affairs; Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance; K. Rajaraman, Additional Secretary, Department of Economic Affairs, Ministry of Finance; Dinesh Kumar Khara, Chairman, SBI, and other officials from SBICAP Ventures Limited.
Addressing the virtual event, the Finance Minister said she was pleased to see that SWAMIH Fund had completed its first residential project. She said it was an important achievement since the SWAMIH Fund has worked its way through the difficult period of COVID-19 pandemic.
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