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Construction : Web Exclusive | September 2013 | Source : Construction Update

NBCC to build 10K homes at Rs 6,000 cr in 5-years

Over the next five years, the National Building Construction Corp (NBCC), a PSU Mini Ratna organisation, will build 10,000 residential units in the country with an investment of Rs.6,000 crore.

The company said on September 10 that it will also re-develop three colonies in Delhi region, that were given to it by the Urban Development Ministry, at an investment of Rs 15,000 crore. It has also taken up re-development project of the Rs 5,000-crore East Kidwai project which includes Netaji Nagar, Tyagraj Nagar and Kasturba Nagar projects.

A top official of the government-owned company said that the company's sales and demand for own residential projects will be boosted as recession has made many private developers unable to complete their current projects or launch new projects.

 
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