44940-014: Pune Nirvana Hills Slum Rehabilitation Project

Project Data Sheet (PDS): Overview

Description

Funding for Phase II of a project that entails the rehabilitation of 76 acres in Pune at Nirvana Hills. The project will be undertaken under the Slum Rehabilitation Scheme (SRS) developed by the State of Maharashtra and regulated by the Slum Regulatory Authority. There are about 4,324 slum households on the land, which are home to approximately 14,000 people. The project also entails the development of residential (about 1,800 apartments), commercial (about 300,000 sq. ft.) and retail space ... Read More

Country India
Borrower/Equity Investment Name KUL URBAN DEVELOPMENT PVT LTD
Project Number 44940-014
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7373
Approval Date 26 Oct 2012
Closing Date 06 Nov 2014
Geographical Location Kilewadi, Pune, India
Sector Water supply and other municipal infrastructure and services
Subsector Slum Upgrading and Housing
Safeguard Categories Environment: B
Resettlement: A
Indigenous People: C

 

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