The Shapoorji Pallonji Group entered the affordable housing segment last year by joining hands with Standard Chartered Private Equity, IFC and the Asian Development Bank. Mumbai: Diversified Shapoorji Pallonji group’s real estate arm is lining up at least six projects across the country in 2017-18, with two in the affordable housing segment, a senior company official said. Out of these, we would be developing two projects under our ‘Joyville’ brand to build affordable homes,” Shapoorji Pallonji Real Estate chief executive Venkatesh Gopalakrishnan told PTI in Mumbai. “We will be officially launching our affordable housing project in Virar by September-October. The SP Group entered the affordable housing segment last year by joining hands with Standard Chartered Private Equity, International Finance Corp. (IFC), an arm of the World Bank, and the Asian Development Bank (ADB).

Source: Mint August 20, 2017 13:30 UTC