India to build over 1,000 affordable homes in Seychelles
India has signed an agreement with Seychelles to construct over 1,000 affordable housing units as part of a $75 million development project. The initiative, managed by the National Buildings Construction Corporation, aims to address the island nation's housing shortage by 2029.
Why it matters
This project strengthens bilateral ties between India and Seychelles while providing critical infrastructure and sustainable living solutions for the island nation.
NEW DELHI: India will build more than 1,000 affordable housing units in Seychelles under the first phase of a flagship housing project aimed at addressing the island nation's housing shortage and strengthening bilateral development cooperation.An agreement has been signed between state-run National Buildings Construction Corporation (NBCC) and the Government of Seychelles for the development of 1,008 affordable housing units under the first phase of the Île Aurore Housing Development Project, according to the Office of the President of Seychelles.The first phase of the project is expected to be completed by 2029 and will be Seychelles' first high-rise affordable housing development.
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