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India Faces Real Estate Crisis: 2,000 Housing Projects Stalled
Nearly 2,000 housing projects, totaling 5.08 lakh units, are stalled in India due to financial mismanagement and lack of execution capabilities. The government introduced the SWAMIH Fund in 2019 to address this issue. Around 32,000 units have been completed so far, aiming to deliver 20,000 homes annually for the next three years.
Nearly 2,000 housing projects, totaling 5.08 lakh units, are stalled in India due to financial mismanagement and lack of execution capabilities. The government introduced the SWAMIH Fund in 2019 to address this issue. Around 32,000 units have been completed so far, aiming to deliver 20,000 homes annually for the next three years.
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