Bengal Aerotropolis rolls out a 10,000-unit budget housing project in Durgapur Airport City

Bengal Aerotropolis Projects Ltd (BAPL), currently developing India’s first aerotropolis in Durgapur, West Bengal announced its entry into the ‘Affordable Housing’ segment. The company, in association with real estate player Larica Group, will roll out a 10,000-unit budget housing project spread over an area of 10.56 acres within the ‘The Sky City’ in Durgapur.
Targeted at the lower income group category, the project will be taken up in phases and about 2,000 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 Rs 15 lakhs.
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 per cent of this shortfall will account for the households belonging to the Economically Weaker Section (EWS) and Low Income Group (LIG) categories.
Partha Ghosh, Managing Director, Bengal Aerotropolis Projects Ltd said, “All round societal development has always remained a focus area aligned with our corporate ethos. This is exactly why our entry into the affordable housing category fits into our scheme of things, one which talks about giving shape to a holistic urban development model with ‘quality living for all’, forming an integral component to it along with the airport and industrial infrastructure. We are optimistic that our venturing into the low-cost housing category would bring in considerable improvement to the housing shortage situation in our state, alleviating the supply side stress. Further, we feel delighted that now, through this endeavour we would be championing the national agenda ‘Housing for All’.”

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