SWAMIH delivers first slum rehab project in Mumbai, redeems entire investment
Project Overview
MK Gabino is a slum rehabilitation project with total saleable area of 0.7L sq. ft. and 105 units. In addition, there are 152 rehab units to be constructed and handed over to SRA
Developed by AR Amboli Developers Pvt Ltd.
The Location
Project is located in Amboli area in Andheri West, Mumbai.
Project History
Project was launched in 2018
However, it was delayed due to inadequate funding and covid impact
Overall, the project was delayed by ~2 years
SWAMIH Investment
Project was launched in 2018
However, it was delayed due to inadequate funding and covid impact
Overall, the project was delayed by ~2 years
SWAMIH Impact
Project completed within ~2 years of investment despite losing 4-5 months in covid lockdowns.
Monitoring to ensure no diversion of funds u2013 all inflows used for project completion
Vendors dues/ overdue rents cleared. Salaries paid to employees.
70 new units sold; ~55 Cr collected.
105 homebuyers and 152 slum dwellers got their homes.
