With the rapid proliferation of nuclear families and the increasing influx of brands, the demand for real estate – residential and commercial – is always higher than supply. Peerless is doing its bit to meet a part of this demand in Eastern India. Bengal Peerless [a joint venture between PGFI and the West Bengal Housing Board] is endeavouring to provide spaces for community living through all its projects, it believes in the virtues of Community Living and in the right of individuals to thrive in a congenial, eco-friendly environment and in commercially viable business spaces. This belief of Bengal Peerless has found recognition in the form of various awards. The Company’s Sonar Taree Housing Complex in Shantiniketan has been adjudged Bengali’s most environment friendly housing complex. At the Smart Living Awards Ceremony in New Delhi organized by the Times of India Group, Bengal Peerless has been recognized as the best developer in Economic Housing. The Company believes that everyone has the right to a roof over the heads. Since its launch in 1994, Bengal Peerless has created 4,000 residential units, Going forward, it plans to construct another 3,000 units over the next 4 years, its stellar venture Avidipta on the EM. Bypass with 1066 residential units is already underway on a budget of RS. 450 crore.
When it began its operations in 1994, Bengal Peerless had a capital of just RS. 20 lakh. Today the Company’s net worth stands at RS. 80 crore, Bengal Peerless is a shining example of the fusion of public sector dynamism with private sector enterprise – a potent combination which makes the Company a beacon of excellence among real estate companies in the state.