India: Shapoorji Affordable Housing Project
|Project Name||Shapoorji Affordable Housing Project|
|Borrower / Company||Joyville Shapoorji Housing Private Limited
|Country / Economy||India
|Type or Modality of Assistance||
|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||Equity Investments Unit|
|Responsible ADB Officer||Singh, Samarendra|
|Project Sponsor(s)||Shapoorji Pallonji and Company Private Ltd (SPCPL)
|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.|
|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|
|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|
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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.
Evaluation Documents See also: Independent Evaluation
None currently available.
None currently available.
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