In a significant ruling clarifying the scope of participation in insolvency proceedings, the Supreme Court has held that homebuyers’ societies and Resident Welfare Associations (RWAs) have no legal standing to intervene in insolvency cases initiated against real estate developers once a financial default is established. The verdict reinforces the limited…
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SWAMIH Fund Revives Housing Sector, Protects Homebuyers
The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund, launched in November 2019, has successfully protected homebuyers’ interests while reviving stalled housing projects and boosting the economy. Managed by SBI Ventures Limited, SWAMIH provides last-mile financing to distressed residential projects, easing the burden on middle-class families. Key Achievements…