Government-Backed Fund Invests in Thane Housing Project

In exciting news for the housing sector, a government-supported fund called SWAMIH I has invested a whopping Rs 158.50 crore in a special housing project on Ghodbunder Road in Thane. This project aims to provide affordable and mid-income housing options to people.

SWAMIH I, managed by SBICAP Ventures, focuses on financing the completion of construction in affordable and mid-income housing projects. This investment is a big step towards making housing more accessible to a wider range of people.

Ghodbunder Road, a well-known area in Thane, is set to benefit from this investment. The funds will be used to develop a residential-led mixed-use project, which means it won’t just be houses; it might include shops, parks, and more, making it a vibrant place to live.

This investment is fantastic news for the people looking to buy homes in Thane, as it could lead to more affordable options and a boost in the real estate market. It’s a step forward in the government’s mission to provide housing for all income groups.

To read more about Swamih Funds, Check here