Homebuyers in Greater Noida West have been waiting for a number of years for their promised flats in Antriksh Valley. Now, a new development may finally push this stalled project a step closer to its completion because the government backed SWAMIH Fund has approved ₹115 crore to support the project. After this, buyers are feeling hopeful again.
Families who booked homes here kept visiting the site again and again, hoping to see work restart. Months passed. Then years passed. The Special Window for Affordable and Mid Income Housing Fund was created by the central government to rescue such stalled housing projects across India. The idea behind the fund is to help projects that are stuck only because money ran out, so that buyers should not suffer.
With the approval of ₹115 crore, the project can now get the financial push required to restart construction activity. Workers can return to the site. Buildings can move towards completion. Many buyers had invested their life savings in these homes when the project was first launched. They expected possession much earlier. Delays created frustration and uncertainty.
The SWAMIH Fund has already helped several stuck projects across the country move forward again during the last few years. Homes are finally being completed. For buyers in Antriksh Valley, this funding decision brings something they have not felt in a long time. Real hope. The long wait may finally end. (Hindustan Times).