buy modafinil online uk reddit What is in news : The government-backed Special Window for Affordable & Mid-Income Housing (SWAMIH) Fund has announced complete exit from its investment made in CCI Rivali Park Wintergreen project in Mumbai.
buy modafinil online uk forum About :
- Has been formed to complete construction of stalled, RERA-registered affordable and mid-income category housing projects which are stuck due to paucity of funds.
- Was set up as a Category-II AIF (Alternate Investment Fund) debt fund registered with SEBI.
- The Investment Manager – SBICAP Ventures, a wholly-owned subsidiary of SBI Capital Markets, which in turn is a wholly-owned subsidiary of the State Bank of India.
- The Sponsor – Secretary, Department of Economic Affairs, Ministry of Finance, Government of India on behalf of the Government of India.
- Who will be the investors of the fund : AIFs created/funded under the Special Window would solicit investment into the fund from the Government and other private investors including cash-rich financial institutions, sovereign wealth funds, public and private banks, domestic pension and provident funds, global pension funds and other institutional investors.
Impact of exit :
- Embolden the Fund and other private investors to take exposure to projects which are stuck due to lack of funding
- Help unlock liquidity in the real estate sector and provide a boost to core industries such as cement and steel. Liquidity squeeze and cash strap situation that the real estate sector faced in 2019 made things difficult, prompting the government to launch this scheme.