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

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

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

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

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?