Shapoorji Pallonji Real Estate to hand over 2000 apartments in FY22-23


Kolkata, July 26, 2022: Shapoorji Pallonji Real Estate, the real estate arm of Shapoorji
Pallonji Group, today 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 INR 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.
Strategically located in Kolkata, Shukhobrishti provides excellent connectivity to the airport
and is in close proximity to various social infrastructures like educational institutions, malls,
hospitals etc. This mass housing project offers configurations of 1 BHK to 3 BHK apartments.
Attractively priced, the project has received a tremendous response from home buyers.
Speaking about the success, Mr 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.”
Mr 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
Shukhobrishti is a planned development of 10,444 LIG (1BHK), 3,840 MIG (2BHK) and 5,716
Upper MIG (2BHK+Study) apartments along with a wide range of amenities like school,
community centre, sports & social club, health centre, and commercial complex.

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