NBCC (India) Limited is a blue-chip Government of India Navratna enterprise and a Central Public Sector undertaking which trades publicly in the market. The Company's present areas of operations are categorized into three main segments, i.e.
The Supreme Court on Wednesday asked the National Buildings Construction Corporation (NBCC) and others to suggest methods to deal with unsold flats of real estate group, the Amrapali Group with worth Rs 2,337 crore.
In a relief to homebuyers, the National Buildings Construction Corporation (NBCC) on Thursday told the Supreme Court it is ready to submit a revised proposal to complete the stalled projects of Jaypee Group.
The National Buildings Construction Corporation (NBCC) on Thursday told the Supreme Court that it is ready to undertake the unfinished housing projects of Jaypee real estate case to ensure delivery of flats to homebuyers.
The Supreme Court on Tuesday asked the National Buildings Construction Corporation's (NBCC) whether it was willing to give a revised proposal to complete the stalled projects of Jaypee Group.
Union Health Minister Dr Harsh Vardhan on Friday laid the foundation stone for Sports Injury expansion project at Safdarjung Hospital. The minister directed the National Buildings Construction Corporation (NBCC) to complete the work before the deadline.
As the debt-ridden Jaypee Infratech (JIL) goes through another round of bidding after the National Company Law Appellate Tribunal (NCLAT) extended its resolution process by another 90 days, Adani Infrastructure and the state-run NBCC seem to be among the front-runners to bid for the company and its projects.
As lakhs of houses in hundreds of projects remain incomplete across the country, markets players and experts suggest creation of a stress fund and special regulatory relaxations for the major stalled projects as measures to help the completion of these projects.
Nearly 1 lakh homebuyers find themselves in a legal quagmire as the flats they booked years back in Delhi NCR are nowhere near completion by the three prominent builders - Amrapali, Unitech and Jaypee.
State-run construction major NBCC has off late been seen as the last resort to complete few of the mega housing projects in the National Capital Region (NCR) which have been stalled for the past several years. But turning the high hopes of the distressed home buyers into reality could be a tough task for the "Navratna" company.