SWAMIH Investment Fund to back the Home -; Soul Project

28 Feb 2022 , 09:10 AM

Home & Soul (a subsidiary of Investors Clinic) today announced that the company will receive fund infusion under SWAMIH Investment Fund from SBICAP Ventures to complete its project — f Premiere on the Yamuna Expressway. The Central Government has announced category II alternative investment fund (AIF) in 2019.

SWAMIH Investment Fund has been formed to complete construction of stalled, brownfield, RERA registered residential developments under the affordable housing/mid-income category. Projects considered under the scheme have to benetworth positive, requiring last mile funding to complete construction. f Premiere by H & S is one of the few projects hand-picked by the Fund to qualify for the financial support.

Sakshee Katiyal, CEO, Home & Soul said, “As a developer, we are really grateful to the Government of India that something revolutionary and encouraging like this scheme has been announced for the stressed real-estate industry. We have our firm commitment to our buyers, and with this infusion through SBICAP ventures, we will be able to deliver on our promises. SWAMIH investment fund has been a boon to lots of developers and in the recent trying times and the fund has exited lots of projects, giving confidence to the industry.”

f-Premiere has 411 two n three bhk residences and is a residential hub overlooking the F 1 racing track on Yamuna expressway near the upcoming Jewer Airport.

Home&Soul has five projects under projects under its belt at present- both commercial and residential. The company has already delivered value to more than 600 proud house owners. Most of the company developed projects are in the prestigious NCR belt.