India: Shapoorji Affordable Housing Project
| Project information |
| Request number |
2022/1 |
| Project name |
India: Shapoorji Affordable Housing Project |
| Equity number |
Equity No. 7452 |
| Country |
India |
Summary
The project consists of the development of several affordable housing projects in multiple cities across India.
Established in 1865, the Shapoorji Pallonji Group (SPG) is one of the oldest and most reputed conglomerates in India with presence across construction, real estate, infrastructure and water. Shapoorji Pallonji and Company Private Ltd. (SPCPL) is one of the leading real estate companies in India with a pan-India portfolio of residential and commercial developments and experience in the affordable housing sector. The complaint is about land acquisition.
Progress Report
| Steps and Milestones |
Date |
Remarks and Attachments |
| |
CRP received a request for compliance review (the complaint) |
03 March 2022 |
The complainants have requested confidentiality regarding this complaint. |
| |
CRP informs the complainants, borrower, ADB Board member representing the country concerned, and ADB Management about receipt of the complaint |
10 March 2022 |
|
| Step 1. Requesting Management Response |
|
| |
CRP's initial assessment of the complaint |
10 March 2022 |
Completed |
| |
CRP's assessment |
10 March 2022 |
Complaint falls within the mandate of the compliance review function. |
| |
CRP forwards the complaint to ADB Management for response |
10 March 2022 |
Completed |
| Step 2. Determining Eligibility |
|
| |
Eligibility of complaint reviewed by the CRP |
21 June 2022 |
Completed |
| |
CRP report on its review of eligibility submitted to ADB Board. CRP deems the complaint ineligible and does not warrant a compliance review. |
21 June 2022 |
Eligibility Report [PDF] |
| |
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