National Buildings Construction Corporation Limited - The Company Profile
REAL ESTATE DEVELOPMENT
Real Estate Devlopment is one of the major areas of operation of NBCC. Being in the sector since decades, NBCC has executed a number of Commercial Real Estate Projects at various major towns of the country viz Delhi, Vadodara, Cuttack, etc. To provide quality housing to Govt. and Public Sector Employees and also to the general public, NBCC has, of late, started its venture into Residential Realty Sector and had launched its first Residential Real Estate Project " NBCC VIBGYOR TOWERS" in Kolkata. Another Housing Project - "NBCC TOWN" at Khekra (UP) has also been launched recently and is under execution . The Corporation has just launched Residential Project at Gurgaon (Haryana) and Patna and a few more are also in pipeline.
To meet the requirement of General Pool Residential Accommodation (GPRA) and General Pool office Accommodation (GPOA), the Ministry of Urban Development (MoUD) of the Govt. of India is exploring the possibility of densification of the existing GPOA/GPRA through Re-development Schemes. While one scheme at Netaji Nagar is under construction and one scheme at East Kidwai Nagar in the Capital has already been entrusted to the NBCC by the MoUD.
NBCC has also ventured into buying potential plots, through participation in open auction as well as purchase from Central Govt./ PSU and State PSUs. One plot measuring 8597 sqm at Okhla (Phase-I), New Delhi was bought by NBCC through auction for Rs. 135.37 crores and other plots measuring 3.1813 acres at Kochi for Rs.1.10 crores from CGEWHO and residential land measuring 4.375 acres at Bahadurpur, Patna for about Rs.21.18 crores from Bihar State Housing Board(BSHB), Patna.
Besides the above ventures, NBCC has taken some JV initiatives too, for associating itself with the agencies that are having land at prime locations in major developing cities /towns. A few such projects are likely to mature soon in khekhra, cuttack etc. In one of its important drives, NBCC has recently formed JV with National Textile Corporation Limited at Gujarat for development of their land at Ahmedabad into a modern complex called as Indian Textile Plaza.
We have recently launched a residential scheme "NBCC Town" at Khekhra, UP.
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