Ramky Estates Secures Rs. 600 Crore from SWAMIH Fund to Revive Stalled Projects

Ramky Estates & Farms Ltd (REFL), the real estate arm of the Ramky Group, has secured a substantial investment of Rs. 600 crore from the government-backed Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund. This strategic investment aims to revive stalled residential projects in Bengaluru, a city known for its robust real estate market.

The SWAMIH Fund, established to support the revival of stalled housing projects, has chosen Ramky Estates as a key player in this initiative. Ramky has taken over approximately 4.3 million square feet of stalled residential developments from Skylark Builders in Bengaluru. These projects, now rebranded as Ramky Lumina and Ramky Fortuna, are set to benefit from the influx of funds.

The takeover of the Lumina project was completed in June 2025, while the Fortuna project was acquired in March 2026. The funds from the SWAMIH Fund will be instrumental in resurrecting these projects, ensuring their timely completion and delivery to the long-waiting homebuyers.

For the fiscal year 2025, Ramky Estates reported an operating income of Rs. 351 crore and a profit after tax (PAT) of Rs. 5 crore. This financial performance underscores the company's stability and potential to successfully execute the revival of these stalled projects.

The Ramky Group, known for its diverse portfolio in construction, infrastructure, and real estate, has a strong track record in project execution and customer satisfaction. The collaboration with the SWAMIH Fund is expected to further enhance the group's reputation and contribute to the broader goal of providing affordable and mid-income housing in Bengaluru.

The SWAMIH Fund, launched by the Indian government, aims to address the issue of stalled housing projects by providing financial support to developers. This initiative is part of the government's broader efforts to boost the real estate sector and ensure that homebuyers' dreams are not left unfulfilled.

With this significant investment, Ramky Estates is well-positioned to not only revive the stalled projects but also to set new standards in the real estate industry. The company's commitment to quality and timely delivery is expected to reassure homebuyers and investors alike, fostering trust and confidence in the market.

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