The SWAMIH Investment Fund has approved an investment of up to ₹600 crore (approximately $72 million USD) in Ramky Estates & Farms (REFL) to revive stalled residential projects in Bengaluru previously managed by Skylark Builders. This funding aims to complete around 4.3 million square feet of developments, which will benefit over 1,800 homebuyers. The projects, branded as Ramky Lumina in Electronic City and Ramky Fortuna in Whitefield, have an estimated revenue potential of ₹2,000 crore (roughly $240 million USD) and a completion cost of around ₹1,500 crore (approximately $180 million USD). The Lumina project, which encompasses about 7 lakh square feet, is expected to be completed between the third and fourth quarters of FY27, while Fortuna, covering about 1 million square feet, will follow its defined execution timeline. This takeover is part of Ramky's commitment to ensure stability and transparency in project execution.