India : Shapoorji Affordable Housing Project
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
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Project Officer
Singh, Samarendra
Private Sector Operations Department
Request for information -
Country/Economy
India -
Modality
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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 |
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| Country / Economy | India |
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| Location | Nation-wide | |||||
| Type or Modality of Assistance |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Partnerships Private sector development |
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| Sector / Subsector | Water and other urban infrastructure and services / Urban housing |
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| Gender | No gender elements | |||||
| Responsible ADB Department | Private Sector Operations Department | |||||
| Responsible ADB Division | Equity Investments Unit | |||||
| Responsible ADB Officer | Singh, Samarendra | |||||
| Project Sponsor(s) | Shapoorji Pallonji and Company Private Ltd (SPCPL) |
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| 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. |
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| 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 | |
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| 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 | |
| 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.
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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