The report highlights that though substantial, the ₹15,000 crore corpus through SWAMIH II is not enough to revive India’s close to 2,000 stalled projects. “Regulatory hurdles, including insolvency cases under NCLT, further complicate the project’s revival process. Existing lenders often resist ceding the first charge on stressed assets, delaying financing. Approval bottlenecks, such as expired RERA registrations and environmental clearances, add to implementation delays. Homebuyer litigations and withheld payments due to past delays create cash flow constraints, making execution more complex,” says the report.
The industry stakeholders say it is a welcome development, particularly for emerging brands bringing fresh ideas to the market. “AIFs offer the patient, strategic capital needed to back differentiated concepts that focus on design, sustainability, and luxury. This shift also reflects investors’ confidence in new-age developers who are reimagining the future of real estate through thoughtful execution and innovation,” says Renu Singh, Director – Sales & Marketing, Aarize Group.