Construction work in the Sukhobrishti project resumes as Bengal Shapoorji secures Rs 200 crore loan

Shapoorji Pallonji real estate arm Bengal Shapoorji Housing Development Private Ltd is assigned to construct the project Sukhobrishti in New Town. The project is on 50 acres of land that proposes to have 20,000 residing units at New Town.

On Sunday, Asia’s largest mass housing project in the New Town, Bengal Shapoorji said that to finalize the construction work of the remaining apartment they have secured a loan of Rs 200 crore.

This time they are committed to finishing the work with 600 construction workers that are expected to accelerate the construction activity.

Shapoorji Pallonji real estate’s arm Bengal Shapoorji Housing Development Private Ltd is assigned to construct the project Sukhobrishti in New Town. The project is on 50 acres of land that proposes to have 20,000 residing units at New Town.

The project is commenced by West Bengal Housing Infrastructure Development Company Ltd. (WBHIDCO).

In the recent part of 2019 complaints started splashing over the delay against the company. Within the stipulated time there was an explosion of complaints about uncertainties in the delivery of apartments.

Many home buyers alleged fund siphoning from their project to another project Joyville at Howrah and termed the delivery holdup as a mass housing problem. They blamed the group for giving disloyal commitments but the delay was also flagged by consumers with banks for action.

A company spokesperson in an interview with Economic Times said that “Bengal Shapoorji Housing Development (BSHDPL) is committed towards the delivery of remaining apartments at the Sukhobrishti project. We have already secured funding of Rs 200 crore from a leading bank to complete the construction work and will hand over the remaining apartments phase-wise from early next year,” a company spokesperson told PTI.

“Construction work has been delayed due to the spread of COVID-19 and the nationwide lockdown. When the lockdown was lifted there was a shortage of manpower to re-start the construction work at the site. However, construction work commenced and more than 600 workers had been deployed. We plan to increase it to 1000. As a responsible corporate, we strongly condemn the allegations of fund diversion. We have already handed over around 10,000 apartments at the project,” he said.

When asked, a top WBHIDCO official said, “There are court cases and so will not comment on this.”

As the company already raised money for phase 9, the Sukhobrishti project is confronting a problem with delivery from Phase-6.

Though the company has time for the later phases, those may get halted in sequence as first schedules had been lifted, sources said.