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India: Shapoorji Affordable Housing Project

Project information
Request number 2022/1
Project name India: Shapoorji Affordable Housing Project
Project 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]