Nanded 2

  • Status: Complete
  • People Housed: 4,835
  • Country: India
  • City: Nanded
  • Partner: SSNS
  • Year Approved: 2014
Total Invested
INR 21,600,000
Total Invested
$296,057
Delivery of Homes
Total Expected
Completed
Basic
967
967
Project Overview

Nanded 2 is the second phase of the housing development and upgrading project in the town on Nanded, based in the western State of Maharashtra. Following the success of phase one, Samudaya Nirman Sahayak (SSNS) was contracted by the municipality to construct houses within the Nayi Abadi settlement, under the Basic Services for the Urban Poor (BSUP) government scheme.
An initial set of 50 houses were built within the first four months, in order to demonstrate that speed of delivery and quality control of costs could occur. Reall and SSNS were able to finance these initial 50 units from entirely revolved funds, using repaid loans on previous projects. Upon the success of these first 50 units, the cost of construction was then reimbursed by the city as per the scheme, which could be rolled over to cover the start-up costs for constructing the remaining homes.
With all houses now completed, their design is a mix of both ground story and ground+1 units, complete with household water and sanitation. They were built with an average construction cost of just $2,780 per house.

967
Homes Completed
967
Homes Occupied
967
Connected to Water and Sanitation

Client Data

Household Demographic Data
Household Size
5.00
Proportion Female
50.0
Proportion Children
20.0
Proportion Elderly
20.0
Housing Information
Description Type Number Completed Completion Cost
(Local Currency)
n/a Basic 967 220771

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
INR 21,600,000
$ 296,057

Of INR 21,600,000 total investments, INR 21,600,000 was recycled funds from previous project payments

Of $296,057 total investments, $296,057 was recycled funds from previous project payments

Based on exchange rate on 31/12/2020

Funds Recouped from Third Parties
Funds Recouped from Third Parties
INR 183,698,646
$ 2,517,835

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Data last updated on 10/03/2021