New Delhi, Feb. 1 -- Aiming at completing stuck housing projects and provide relief to homebuyers whose apartments have been delayed for years in the country, Finance Minister Nirmala Sitharaman on February 1 - while reading out the Union Budget 2025-26 - announced that a SWAMIH Fund 2 will be established with Rs.15000 crore allocation to help complete an additional 1 lakh housing units.

Under the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund, the FM said that 50,000 dwelling units in stressed housing projects have been completed and keys handed over to homebuyers. She added another 40,000 units will be completed in 2025.

The SWAMIH Fund 2 aims at helping middle class families who are paying EMIs on loan taken for a...