SWAMIH Fund Invests ₹600 Crore to Revive Stalled Projects in Bengaluru
SWAMIH fund infuses Rs 600 crore with Ramky group to revive stuck projects in Bengaluru
The Economic TimesImage: The Economic Times
The SWAMIH Investment Fund has approved a ₹600 crore investment in Ramky Estates & Farms Ltd. to revive stalled residential projects in Bengaluru. This initiative will benefit over 1,800 homebuyers and unlock a revenue potential of ₹2,000 crore across approximately 4.3 million square feet of developments.
- 01SWAMIH Fund invests ₹600 crore in Ramky Estates to revive stalled projects.
- 02The investment will aid over 1,800 homebuyers in Bengaluru.
- 03Projects have a revenue potential of ₹2,000 crore and completion cost of ₹1,500 crore.
- 04Ramky Lumina and Ramky Fortuna span 4.3 million sq ft with 1,881 total units.
- 05Completion timelines are set for Q3–Q4 FY27 for Lumina and as per schedule for Fortuna.
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The SWAMIH Investment Fund, backed by the Indian government, has approved an investment of ₹600 crore in Ramky Estates & Farms Ltd. to revive stalled residential projects in Bengaluru. This investment will benefit over 1,800 homebuyers across multiple projects, which have a combined revenue potential of approximately ₹2,000 crore and a completion cost of around ₹1,500 crore. The projects, now branded as Ramky Lumina in Electronic City and Ramky Fortuna in Whitefield, cover a total area of 4.3 million square feet. Ramky Lumina will deliver 729 units, while Ramky Fortuna will provide 1,152 units, totaling 1,881 units. The completion of Lumina is targeted for Q3–Q4 FY27, with Fortuna following its defined execution timeline. Sharan Alla Reddy, Executive Director of Ramky Estates, emphasized the commitment to stability, transparency, and execution certainty in the project delivery process.
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This investment will help complete stalled residential projects, providing homes to over 1,800 families and potentially boosting local real estate markets.
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