Finance Minister Smt. Nirmala Sitharaman’s initiative brings joy to more than 700 homebuyers. SWAMIH redeems entire capital in its First Investment

Project Overview

  • Rivali Park Wintergreens is a residential development with total saleable area of 10.8L Sq ft and 708 units
  • Project being developed by CCI Projects Pvt Ltd.

The Location

Project located in Borivali (East) with excellent connectivity by Road (Western Express Highway), Railway and Metro

Project History

Project was launched in 2010
However , delayed due to various reasons such as change in regulations, sand shortage and subsequently, NBFC crisis (Indiabulls HFL, the existing lenders put a stop to further lending)
Overall, the project was delayed by about 5 years

SWAMIH Investment

Project was launched in 2010
However , delayed due to various reasons such as change in regulations, sand shortage and subsequently, NBFC crisis (Indiabulls HFL, the existing lenders put a stop to further lending)
Overall, the project was delayed by about 5 years

SWAMIH Impact

Project completed within ~1.25 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
63 new units sold; ~247 Cr collected
683 homebuyers to finally get their homes