Latest news with #Swamih)Fund

Business Standard

Houses delivered in 9 major Indian cities up 33% in FY25: Report

India's nine major cities clocked a 33 per cent annual rise in the number of homes delivered to customers in FY25, said a report on Wednesday, crediting government programmes for affordable housing and making realtors to meet deadlines as among reasons for the trend. As many as 406,889 homes were delivered in FY25 and 306,600 the year before, according to data analytics firm PropEquity. Kolkata clocked an 88 per cent year-on-year (Y-o-Y) increase in unit deliveries: 9,441 in FY24 and 17,718 in FY25. Hyderabad and Chennai followed with increases of 61 per cent and 49 per cent, respectively, Delhi-National Capital Region (NCR) reported an 8 per cent decline: 44,423 units in FY25 compared to 48,388 units the year before. Samir Jasuja, founder and chief executive officer of PropEquity, said government schemes such as Special Window for Affordable and Mid-Income Housing (Swamih) Fund and Real Estate Regulation Act (Rera) as primary drivers for the growth in deliveries. 'The deliveries have also been expedited due to Swamih Fund and strict compliance and implementation under Rera, which played a major role in developers adhering to project delivery timelines,' Jasuja said. The report studied home deliveries in Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai and Pune. Deliveries improved in the housing markets of West and South India. The western market, which includes Mumbai, Navi Mumbai, Thane and Pune, saw 221,691 units being delivered in FY25 compared to 163,414 in FY24. The region accounted for 55 per cent of the total homes delivered in key markets. The southern market, which includes Bengaluru, Hyderabad and Chennai, accounted for 30 per cent of total house deliveries. As many as 123,057 units were delivered in the region in FY25 and 85,357 the year before. Jasuja said that positive market sentiment in the past couple of years has ensured strong cash flows and faster project execution. 'As reputed and branded developers increase their market share, this trend in delivery of homes is expected to continue. Swamih 2.0 will also play a significant role in expediting delivery of stalled projects,' he said.