sWAMIH fund approves Rs 600 crores for stalled residnetial projects in Bengaluru
SWAMIH (Special Window for Affordable and Mid-Income Housing) Investment Fund, along with Ramky Group, has approved an infusion of Rs 600 crores for stalled residential projects in Bengaluru.
Ramky Estates & Farms Ltd. (REFL), the real estate arm of Ramky Group, has taken over approximately 4.3 million sq ft of stalled residential developments from Skylark Builders in the city. The project that will provide relief to 1,800 home buyers has an estimated revenue potential of approximately Rs 2,000 crore, with a cost to complete of around Rs 1,500 crore.
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