Shapoorji Pallonji Real Estate, the real estate arm of Shapoorji Pallonji Group, today announced the handover of 400 more units at its largest mass housing project, Shukhobrishti in Kolkata, taking the total handovers to 10,154 apartments.
The company will hand over 2000 apartments in FY22-23. Last year, in November 2021, the company received INR 200 crore funding from HDFC Capital in construction finance to complete the project’s remaining phases. Spread across 150 acres of land, Shukhobrishti aims to provide affordable homes with excellent facilities. Exclusively designed for Low-Income Groups (LIG) and Middle-Income groups (MIG) of the society, Shukhobrishti would be home to over 20,000 families.
“I congratulate the Shukhobrishti team on the handover of the 400 apartments taking the total handovers to more than 10,000 units. Kolkata is a promising market for the Shapoorji Pallonji Group, and the company has another residential project in Howrah (near Kolkata) under the Joyville brand.”
Mr. Venkatesh Gopalakrishnan, CEO of Shapoorji Pallonji Real Estate
Strategically located in Kolkata, Shukhobrishti provides excellent connectivity to the airport and is near various social infrastructures like educational institutions, malls, hospitals, etc. This mass housing project offers configurations of 1 BHK to 3 BHK apartments. Attractively priced, the project has received a tremendous response from home buyers.
“After overcoming the unprecedented crisis faced during the global COVID-19 pandemic, we are delighted to announce the project’s success in handing over 400 more units. This validates the trust of our valued homebuyers in Shapoorji Pallonji’s 150+ years of legacy. Our focus has always been to deliver an outstanding project to our customers at Shukhobrishti. To date, 10,154 units have been constructed, occupancy certificates obtained, and an equal number of families are staying at the housing complex.”
Mr. Rana Gupta, Executive Vice President – Operations and Regional Head, Shapoorji Pallonji Real Estate
