SWAMIH delivers 70 units and exits its first investment in Thrissur
Project Overview
Asset Precious is a mid-income residential project located at Thrissur developed by Asset Homes Pvt Ltd
Project has saleable area of 1.22 lakh sq.ft. with 70 units in 1 building.
The Location
Project is located in emerging residential area of Thrissur.
Project History
Project was launched in 2016 and expected to complete by 2019.
However, delayed due to various reasons such as lack of funding from existing lender, slower sales and collection than expected.
Overall, the project was delayed by about 2 years.
SWAMIH Investment
Project was launched in 2016 and expected to complete by 2019.
However, delayed due to various reasons such as lack of funding from existing lender, slower sales and collection than expected.
Overall, the project was delayed by about 2 years.
SWAMIH Impact
Project completed within ~1 years of investment despite losing 4-5 months in covid lockdowns.
Monitoring to ensure no diversion of funds u2013 all inflows are used for project completion.
Contractor/vendors dues cleared. Salaries paid to the employees.
