April 20, 2024 18:33 (IST)
Follow us:
Bengal Aerotropolis enters into the 'Affordable Housing' segment
Kolkata, Aug 21 (IBNS): Continuing with its vision of developing societal infrastructure for the state of West Bengal, Bengal Aerotropolis Projects Ltd (BAPL), the specialized infrastructure company engaged in the identification and development of aerotropolis projects in India, currently developing India’s first aerotropolis in Durgapur, West Bengal on Thursday announced its entry into the 'Affordable Housing' segment.
It announced that the company has associated with Larica Group – one of the major players in the realty segment of Eastern India, to roll out a 10,000- unit budget housing project spread over an area of 10.56 acres within the residential precinct of Sujalaam – The Sky City in Durgapur.
Targeted at the Lower Income Group category, the project will be taken up in phases and about 2000 units are to be developed in Phase – I.
The project will see world-class amenities like green open space, elevators in each of the residential towers, recreational facilities like that of a Club, swimming pool, indoor and outdoor sports infrastructure, all at a reasonable price band of 5 lakhs to 15 lakhs.
The announcement assumes paramount importance, considering that the state of West Bengal is estimated having a current urban housing shortage to the tune of 13 lakh units.
As per industry estimates, West Bengal is likely to face an acute housing shortage of 2.68 million units by 2030 and about 99 percent of this shortfall will account for the households belonging to the Economically Weaker Section (EWS) and Low Income Group (LIG) categories.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
HDFC Bank's net profit up 37 percent in Q4 Sat, Apr 20 2024
Elon Musk postpones upcoming visit to India: Reports Sat, Apr 20 2024
India's forex reserves contract by $5.4 billion to $643.16 billion Sat, Apr 20 2024
Ola Cabs IPO likely on the cards to raise $500 million: Report Fri, Apr 19 2024
Wipro's headcount drops 9.5% to 2,34,054 in FY24 Fri, Apr 19 2024
Wipro Q4FY24: Net profit drops 8% YoY to Rs 2,835 cr Fri, Apr 19 2024
Jio Financial Services Q4FY24 net profit at Rs 310 cr; NII Rs 280 cr Fri, Apr 19 2024
Sensex jumps up 599 points ending losing streak for several sessions Fri, Apr 19 2024