India: Shapoorji Pallonji-01/Pune

Date Filed
08 Dec 2020
Status
Open
Phase
Compliance
Country
India

Case Tracker

Eligibility
Eligibility
Assessment
Transferred
Assessment
Dispute Resolution
Compliance
Appraisal
Status as of October 19, 2021
CURRENT Status
Appraisal (COMPLIANCE)
Status as of October 19, 2021

Complaint Overview

Complainant

Individual

Concerns

Land ownership dispute

Cross-Cutting Issues
Land

Project Information

Region
South Asia
Institution
IFC
Name & Number
SPAH 34628
Company
Shapoorji Pallonji
Sector
Infrastructure
Department
Manufacturing, Agribusiness & Services
Category
B
Commitment

$34.44 million equity

Synopsis

Project Overview

IFC has an active equity investment of $34.44 million with Shapoorji Pallonji Company Limited (SPCL) in Pune, India to fund the development of affordable housing units. The IFC investment was made in 2015 and it is part of a $200 million financial platform called Joyville that was established by SPCL.

Complaint

In December 2020, CAO received a complaint from an individual raising concerns that his farmland was forcibly and illegally taken from him and sold to develop and sell affordable housing units. Pending legal disputes over ownership of the land were also cited.

CAO Action

The complaint was found eligible for further assessment in December 2020, and the assessment was completed in October 2021. As the parties did not reach a consensus regarding participating in a dispute resolution process, the case has been referred to Compliance.

Status

An assessment of the case has been completed. The case is now referred to Compliance. 

Status as of October 19, 2021 

Case Documents

  • Dispute Resolution

    Assessment Report
    CAO Assessment Report
    Oct 18, 2021
    English
    CAO Assessment Report