NBCC’s order book to touch Rs 1 lakh crore; to soon offer 1,000 housing units

NBCC’s order book to touch Rs 1 lakh crore; to soon offer 1,000 housing units

NBCC (India) Limited, the government’s construction arm, is planning to launch over 1000 housing ready-to-move-in units this festive season in Delhi-NCR and in Lucknow priced between Rs 15 lakh to a crore.

Mittal informed that the order book of the company stands at around Rs 75,000 crore and is likely to touch Rs 1 lakh crore in a few months.

Around 700 ready-to-move-in units are part of the two projects in Gurgaon. “These will be launched in the next 10 says,” said Dr Anoop Kumar Mittal, CMD, NBCC told Moneycontrol.

NBCC is also planning to launch units in Gomti Nagar, Lucknow.

Most of these units in Gurgaon and Lucknow will be in the price range of Rs 30 lakh to a crore.

The company is also planning to launch residential units in Loni during the festival season. These will be in the range of Rs 10 lakh to Rs 15 lakh.

The company was currently concentrating on redevelopment works and affordable housing. Major redevelopment works secured so far included Sarojini Nagar, Nauroji Nagar and Netaji Nagar.

A World Trade Centre is expected to come up in Nauroji Nagar area in Delhi. “Redevelopment of Nauroji Nagar has been approved by WTCA for World Trade Centre license in June 2017,” informed Mittal.

“The process of appointing a contractor for the 5.5 million sq ft project has started. Work will begin in October and will be completed in 24 months,” he said.

The company is also planning to come up with a World Trade Centre in Guwahati in Assam. “This will be an iconic building and will be built at a cost of Rs 2500 crore. It will be completed in three years. The design has been finalized and work will begin in January next year,” he said.

“Revenue generation for all the seven colonies developed in Delhi is being done by NBCC and the total generation is pegged at Rs 32,000 crore,” he said.

As for taking up incomplete projects being developed by embattled company Jaypee Infratech in Noida, Mittal said that the company has not been approached so far. “If there is an opportunity, we will do it but it should be viable.”

Business under discussion for the redevelopment of properties are in states such as Assam, UP, Jharkhand, Maharashtra, Tripura, Rajasthan and Odisha.

NBCC is also exploring redevelopment opportunities in Tier 2 cities in Uttar Pradesh such as Varanasi, Gorakhpur, Agra and Shahjahanpur in Uttar Pradesh.

It has also bagged redevelopment of 70 acres land parcel of Central Excise Department of Wadala, Mumbai.

Sharing details on the Pragati Maidan redevelopment project, he said that contract worth Rs 2500 crore has been given to Shapoorji Pallonji and work will be completed by September 2019. The company is also planning to construct the South Delhi Municipal Corporation headquarters in Delhi for Rs 600 crore.

NBCC is also in the process of preparing a scheme for affordable housing on surplus land of Central Public Sector Enterprise (CPSE) including integrated townships. A concept note on joint development and revenue sharing model has been submitted to the ministry of housing and urban affairs for Moula Ali land parcel of HMT Bearing at Hyderabad and HAL land parcel in Pune.

The company is planning to construct all building structures using advanced construction techniques. For this, the company has collaborated with companies in the US for 3D printing technology, Hungary and Poland. “Using these new technologies it just about takes seven days to complete single storey houses. We will be making use of these technologies for affordable housing to start with,” he said.

This technology can be used for developing affordable housing in Tier 2 and Tier 3 towns, in semi-rural and semi-urban areas. Such construction will be priced 25 percent less than conventional homes, he said.

The company is also in consultation with the government to develop islands in Lakshwadeep and Nicobar as project management consultants. “We already have experience in this as we are in the process of developing 20-acre islands in Maldives,” he said.

Source:- Money Control

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