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Govt's SWAMIH Fund to invest Rs 650 crore in six Amrapali projects

Fund manager SBICAP Ventures said it has signed agreement with Supreme court-appointed receiver for infusing the funds

Photo: Amrapali Website
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Photo: Amrapali Website

Raghavendra Kamath Mumbai
Special Window for Affordable and Mid-Income Housing SWAMIH Investment Fund I (SWAMIH Fund), sponsored by Union Government and managed by an arm of SBI Capital Markets, will invest Rs 650 crore in six projects of erstwhile Amrapali Group at Noida and Greater Noida, the fund manager said today.

The fund manager SBICAP Ventures said it has signed agreement with the Supreme court appointed receiver for infusing the funds.

The projects receiving the funds include include Silicon City-1, Silicon City-2, Crystal Homes, Centurian Park- Low Rise, O2 Valley and Tropical Garden where 6,947 units are stalled of which 6,132 units are

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