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About :: Problem of Housing for common people is as acute as other problems like food and cloth being faced by the country since independence. The importance of proper s ... ttlement of people of different sections of the society has been fully acknowledged by the Government of India in its National Housing Policy declared in May, 1992. In this policy it has been declared that Government can not alone solve such a vast problem and it needs the private participation also in solving the acute housing problem of the Country. The Government of West Bengal in an effort to combat the problem of Housing formed Joint Sector Companies with West Bengal Housing Board and Private Entrepreneurs. Thus, Bengal Peerless Housing Development Company Limited was formed in 1994 with West Bengal Housing Board and The Peerless General Finance and Investment Company Limited, both having 49.5% Equity participation.
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