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Shapoorji Pallonji Real Estate to hand over 2000 apartments in FY’23 at its mass housing project Shukhobrishti in Kolkata

Kolkata, July 26, 2022: Shapoorji Pallonji Real Estate, the real estate arm of Shapoorji Pallonji Group, on Tuesday 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 Rs 200 crore funding from HDFC Capital in construction finance to complete the remaining phases of the project. 

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. 

Speaking about the success, Venkatesh Gopalakrishnan, CEO Shapoorji Pallonji Real Estate, said, “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.”

Rana Gupta, Executive Vice President – Operations, and Regional Head, Shapoorji Pallonji Real Estate, added, “After overcoming the unprecedented crisis faced during the global COVID-19 pandemic, we are delighted to announce the project’s success in handingover 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 and occupancy certificate obtained for, and an equal number of families are staying at the housing complex.” 

Shukhobrishti comprises 10,444 LIG (1BHK), 3,840 MIG (2BHK) and 5,716 Upper MIG (2BHK+Study) apartments.