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NBCC to soon release policy on stalled, new real estate projects

Monday, 05 Nov 2018
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NBCC will soon release a policy to take up new or stalled real estate projects, where it will work as either a project management consultant, co-developer or a developer.

The decision of the company to come up with such a plan comes after the Supreme Court decision to appoint NBCC to complete the incomplete projects of the Amrapali Group.

The company will soon submit the detailed project planning (DPR) for Amrapali projects to the apex court. The company has floated tenders for 10-11 projects out of 16. Tenders for the remaining five to six projects will be floated soon. However, work on the project will commence after the clearance from the apex court.

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