Shapoorji Pallonji buys 20 acres in Delhi for affordable housing project

While the deal size is unknown, land brokers estimated the value of the purchase to be over Rs 150 cr

Prime Minister Narendra Modi on Saturday reiterated his government’s promise of providing every poor person, whether living in rural or urban areas, a house by 2022. Whether this ambitious target will be achieved and by when remains to be seen, but Delhi-NCR is about to get a new affordable housing project being built by a private firm, according to reports. 

Shapoorji Pallonji Group's real estate arm, Shapoorji Pallonji Real Estate, will be building a 2 million-square feet affordable housing project on 20 acres of land it bought near the Dwarka Expressway in New Delhi from builder BPTP Ltd,