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Category SWAMIH Investment Fund I

30
Jun

7. Is this funding available only for certain cities ?

No, the project could be located in any city or town, anywhere in India as long as it meets all the other qualifying criteria.

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30
Jun

6. Is RERA registration required ?

Yes. The project under consideration should be a part of a RERA registered project.

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30
Jun

5. What is RERA carpet area ?

Clause (k) of section 2 of RERA defines Carpet Areas as follows: Carpet Area means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls

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30
Jun

4. How are Affordable and Mid-Income Projects defined ?

The Investment Manager has defined Affordable or Mid-income Housing units as any housing units that do not exceed 200sqm RERA carpet area and are priced as following (as applicable): Less than INR 2cr in Mumbai Metropolitan Region; Less than INR 1.5cr in National Capital Region, Chennai, Kolkata, Pune, Hyderabad, Bangalore and Ahmedabad; Less than INR

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30
Jun

3. Is this funding available for new projects ?

No. This funding is available only for projects that have completed at least 30% of the construction and development required.

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