SWAMIH Fund invests Rs. 150 cr in Tridhaatu Realty’s Morya project

SWAMIH Fund, the Government-backed last-mile financing platform, has made an investment of over Rs 150 crore to complete a residential project of realty developer Tridhaatu Realty & Infra located in Chembur, Mumbai.

Tridhaatu had started this project, Tridhaatu Morya, in 2018 and now with the financial support from SWAMIH, it is expected to complete the same by December 2023, said a press release.

The funding, it said, will be utilised for construction activities and paying statutory development premiums to Government authorities along with ensuring the completion of the project within the RERA deadline.

Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty, said, “This last-mile funding from SWAMIH Fund has helped us speed up the construction activities at our site. The project management team of SWAMIH is thoroughly recording and monitoring the progress of the development each day to ensure timely completion of the project to the homebuyers.”