Bengal Shapoorji gets Rs 200 cr loan, resumes work in Sukhobrishti project

07 Dec 2021 CW Team

Bengal Shapoorji, which is constructing Asia's largest mass housing project in the New Town area, said on Sunday that it is committed to completing construction work and has secured a Rs 200 crore loan to do so.

The company also claimed to have resumed construction work with 600 workers, which it claims will speed up the process.

Shapoorji Pallonji's real estate arm, Bengal Shapoorji Housing Development Private Ltd, has been entrusted with the construction of the Sukhobrishti project, which will span over 50 acres of land and include 20,000 residential units in New Town.

There was a flurry of complaints about apartment deliveries not arriving on time. West Bengal Housing Infrastructure Development Company Limited is the project's initiator.

In the latter half of 2019, customers began to complain about the company's delays. Some home buyers claimed that funds were diverted from their project to Joyville in Howrah, describing the delivery delays as a mass housing crisis and accusing the group of making false promises. Consumers also reported the delay to banks, prompting them to take action.

Bengal Shapoorji Housing Development (BSHDPL) is committed to completing the Shukhobrishti project's remaining apartments. They have already secured Rs 200 crore in funding from a major bank to finish the construction work, and will begin handing over the remaining apartments in phases beginning early next year, a company spokesperson said.

Phase six of the Sukhobrishti project is having delivery issues, and the company has already raised funds for phase nine. The company does have time for the later phases, but they may be delayed in order due to earlier schedules being pushed.

Image Source

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..