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
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?