India, Feb. 1 -- To provide relief to homebuyers whose apartments have been delayed for years, Finance Minister Nirmala Sitharaman said on February 1 that a SWAMIH Fund 2 will be established with Rs.15000 crore allocation to help complete an additional 1 lakh housing units.

She said that under the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund, 50,000 dwelling units in stressed housing projects have been completed and keys handed over to homebuyers, and another 40,000 units will be completed in 2025. This will further help middle-class families who are paying EMIs on loans taken for apartments andrent for current dwelling units.

"Building on this success, SWAMIH Fund-2 will be established as a blended finance facilit...