Shapoorji's mass housing plan at Rajarhat
A Business Correspondent
Shapoorji Pallonji & Co. Ltd will be constructing 20,000 apartments in
Kolkata on 150 acres of land. The apartments are exclusively meant for low
income and middle income group families. The mass housing project will come up
at Action Area-III in New Town, Rajarhat. The project, named SP City, will be
completed by 2010. The project is estimated to cost Rs 1,500 crore. The project
will result in construction of 10 million sq. ft of built-up area. The size of
each apartment will vary between 400 and 600 sq. ft. Of the 20,000 apartments
planned, 12,000 apartments will be one BHK and the rest will be two BHK flats.
The project also includes construction of two primary schools, a mini-hospital,
child health check-up centre, corner stores and a shopping arcade.
Singapore-based Surbana International will design the project.
Contact: Shapoorji Pallonji & Co. Ltd, Real Estate Wing, Shapoorji
Pallonji Centre, 41/44, Minoo Desai Marg, Colaba, Mumbai 400005. Tel:
022-22871040 (extn.293-297); Fax: 022-56338176
[01 May 2006]