India : Shapoorji Affordable Housing Project

Nonsovereign Project | 48341-001

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
    Singh, Samarendra
    Private Sector Operations Department
    Request for information
  • Country/Economy
    India
  • Modality
  • 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 / Economy
  • India
Location
Nation-wide
Type or Modality of Assistance
Approval Number Facility Fund Source Amount Status
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
No gender elements
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.
Status of Operation/Construction
The company is currently developing six (6) subprojects under the platform with expected construction completion dates from June 2024 to March 2026.
Linkage to Country/Regional Strategy
The Project supports the Government of India's priority of promoting affordable housing. 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 adverse environmental impacts are anticipated. Potential impacts include vegetation clearance, storm water management, dust, noise, solid and liquid wastes generation, and increase in local traffic due to operation of construction vehicles and equipment onsite. All these are site-specific and can be mitigated with proper mitigation measures.
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

Contact

Responsible ADB Officer
Singh, Samarendra
Responsible ADB Division
Equity Investments Unit
Responsible ADB Department
Private Sector Operations Department

Timetable for assistance design, processing, and implementation

Concept Clearance
10 Nov 2014
Credit Committee Meeting
-
Approval
07 Jul 2015
Last PDS Update
22 Apr 2022

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.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

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.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

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.

Title Document Type Document Date
Shapoorji Affordable Housing Project: Manjari Project Environmental and Social Monitoring Report (April 2020-March 2021) Environmental and Social Monitoring Reports Jun 2021
Shapoorji Affordable Housing Project: Howrah Project Environmental and Social Monitoring Report (April 2019-March 2020) Environmental and Social Monitoring Reports Jun 2020
Shapoorji Affordable Housing Project: Virar Project Environmental and Social Monitoring Report (April 2019-March 2020) Environmental and Social Monitoring Reports May 2020
Shapoorji Affordable Housing Project: Hinjawadi Project Environmental and Social Monitoring Report (April 2019-March 2020) Environmental and Social Monitoring Reports May 2020
Shapoorji Affordable Housing Project: Gurugram Project Environmental and Social Monitoring Report (April 2019-March 2020) Environmental and Social Monitoring Reports Apr 2020
Shapoorji Affordable Housing Project: Hinjewadi Project Environmental and Social Monitoring Report (April 2018-March 2019) Environmental and Social Monitoring Reports May 2019
Shapoorji Affordable Housing Project: Howrah Project Environmental and Social Monitoring Report (April 2018-March 2019) Environmental and Social Monitoring Reports May 2019
Shapoorji Affordable Housing Project: Virar Project Environmental and Social Monitoring Report (April 2018-March 2019) Environmental and Social Monitoring Reports May 2019
Shapoorji Affordable Housing Project: Virar Project Environmental and Social Monitoring Report (April 2017-March 2018) Environmental and Social Monitoring Reports May 2018
Shapoorji Affordable Housing Project: Howrah Project Environmental and Social Monitoring Report (April 2017-March 2018) Environmental and Social Monitoring Reports Apr 2018
Shapoorji Affordable Housing Project: Virar Project Environmental and Social Monitoring Report (April 2016-March 2017) Environmental and Social Monitoring Reports May 2017
Shapoorji Affordable Housing Project: Howrah Project Environmental and Social Monitoring Report (April 2016-March 2017) Environmental and Social Monitoring Reports May 2017

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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