The government’s Rs 12,500 crore Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has disbursed funds to two housing projects and expects to fully deploy its money in two years. Arun Mehta, MD SBI Capital Markets and Chairman, SBICAP Ventures, told ET in an exclusive interaction on Monday that the investments would kick-start the much-awaited investment cycle in residential realty and trigger private investor interest in housing projects.

— The Economic Times

Desai & Diwanji advised SBICAP Ventures Limited‘s SWAMIH Investment Fund 1, set up by the government to provide last mile funding to stuck housing projects in India, with a team of Mumbai-based partner Natasha Treasurywala and associate Satvik Kulshrestha.

The investee company was represented by Wadia Ghandy partner Krishna Moorthy.

2020-01-31

Deal value: Confidential

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