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Sunday, November 3, 2024
TopicNBCC

Topic: NBCC

SC clears decks for state-run NBCC to build extra flats in 6 stalled Amrapali projects to recover costs

Court allows NBCC to buy higher FAR from Noida & Gr Noida authorities to build the flats. Some of the money made from their sale will go towards settling bankrupt builder's lease dues.

Cheaper options, no lease — why NBCC’s commercial spaces in Delhi find few buyers in private sector

Having built housing for central govt employees, NBCC used 10% of total project area in East Kidwai Nagar and Nauroji Nagar to develop commercial and retail spaces to recover costs.

‘Love the person, but hate the sin’: Nagaland Baptist Church denounces LGBTQ+ lifestyle and practices

Church council says LGBTQ+ lifestyle is against teachings of Christian faith, but says it's not against people who 'struggle with an LGBTQ+ lifestyle'.

State-run NBCC coming up with 13,000 apartments at Amrapali’s vacant plots in Greater Noida

Construction will start in June at Centurian Park, Golf Homes, Leisure Park, Leisure Valley, and Dream Valley — all located in Tech Zone-IV sector.

Bank loans to higher floor-area ratio, how state-run NBCC plans to complete stuck Amrapali projects

Higher floor area ratio will allow National Buildings Construction Corporation to construct more flats in the five projects that have unused land and sell them to pay off Amrapali's pending dues.

NBCC ventures into major govt development projects outside Delhi with Rs 2,650-cr Kochi complex

Commercial-cum-residential project in Kochi to be developed on a 18-acre land parcel for Kerala State Housing Board. Work is expected to begin in June.

6,000 flats, Rs 10,000 cr — Centre plans to redevelop 5 govt colonies in Delhi for official housing

Once the plan is final, proposal will be sent to Public Investment Board & then to Union Cabinet for approval. Colonies are located in Andrews Ganj, DIZ Area, Pushp Vihar, Timarpur & Lodhi.

SC’s go-to real estate troubleshooter NBCC is struggling with stalled projects of its own

Many of the NBCC's projects are stalled, though it is not entirely of the PSU's own making in much of the cases.

After SC ruling high, the reality — NBCC has no money to finish Amrapali projects

NBCC, the state-run real estate developer appointed by SC to finish the Amrapali projects, has only Rs 19 crore of the approximately Rs 8,500 crore it believes it needs.

Has Supreme Court done justice to Amrapali home buyers or has it passed the buck to govt?

The Supreme Court has cancelled the registration of Amrapali Group and ordered the Enforcement Directorate to charge the builders with fraud and money laundering.

On Camera

Kashmiri jihadists more resilient than we think. Rebuilding J&K Police is key to counter them

The new jihadists in J&K have harried Indian forces, staged a series of ambushes, and now begun to target Indian civilian infrastructure projects.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.