fbpx 48341-001: Shapoorji Affordable Housing Project | Asian Development Bank

India: Shapoorji Affordable Housing Project

Nonsovereign (Private) Project | 48341-001 Status: Active

The project consists of the development of several affordable housing projects in multiple cities across India.

Established in 1865, the Shapoorji Pallonji Group (SPG) is one of the oldest and most reputed conglomerates in India with presence across construction, real estate, infrastructure and water. Shapoorji Pallonji and Company Private Ltd. (SPCPL) is one of the leading real estate companies in India with a pan-India portfolio of residential and commercial developments and experience in the affordable housing sector.

Project Details

Project Officer
Gulshan, Karan Raj Private Sector Operations Department Request for information
Country
  • India
Sector
  • Water and other urban infrastructure and services
 
Project Name Shapoorji Affordable Housing Project
Project Number 48341-001
Borrower/Company Joyville Shapoorji Housing Private Limited
Country India
Location Nation-wide
Type or Modality of Assistance
7452 Equity Ordinary capital resources INR 2,170.00 million Committed
Strategic Agendas Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Water and other urban infrastructure and services / Urban housing

Gender Equity and Mainstreaming No gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Gulshan, Karan Raj
Project Sponsor(s) Shapoorji Pallonji and Company Private Ltd (SPCPL)
Description

The project consists of the development of several affordable housing projects in multiple cities across India.

Established in 1865, the Shapoorji Pallonji Group (SPG) is one of the oldest and most reputed conglomerates in India with presence across construction, real estate, infrastructure and water. Shapoorji Pallonji and Company Private Ltd. (SPCPL) is one of the leading real estate companies in India with a pan-India portfolio of residential and commercial developments and experience in the affordable housing sector.

Objectives and Scope To develop a portfolio of affordable housing projects across India.
Linkage to Country/Regional Strategy The Project supports the Government of India's priority of promoting affordable housing, which was identified in the country's twelfth five-year plan (2012 - 2017) as a particularly critical concern. The Plan calls for private sector involvement in the housing sector.
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects No significant environmental disturbances are anticipated as the screening criteria for site selection will avoid areas in the vicinity of environmentally sensitive areas. Typical construction impacts such as vegetation clearance, storm water management, dust, noise, solid and liquid wastes generation will occur apart from an increase in local traffic due to operation of construction vehicles and equipment on site.
Involuntary Resettlement No involuntary resettlement impacts are expected.
Indigenous Peoples Impacts on indigenous peoples are not expected as there is no likelihood of concentrations of scheduled tribes occupying or utilizing the sites within the metropolitan cities.
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 10 Nov 2014
Credit Committee Meeting -
Approval 07 Jul 2015
Last PDS Update 14 Feb 2018

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

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Title Document Type Document Date
Shapoorji Affordable Housing Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Jun 2015
Shapoorji Affordable Housing Project: Report and Recommendation of the President Reports and Recommendations of the President Jun 2015

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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