Tag: National Buildings Construction Corporation

Residential

Residents of Noida’s Amrapali Riverview society protest lack of amenities

NOIDA: Residents of Amrapali Riverview society in Sector Techzone 4 of Greater Noida Weststaged a protest against National Buildings Construction Corporation (NBCC) at the court receiver’s office on Sunday over inadequate parking facilities, lack of green spaces and children’s parks, and malfunctioning lifts. “We held a protest march against NBCC and the CR office today from River View Society to the main gate of Gaur Project (Laser Park, Phase-3), in which a large number of men, women, elderly, and children participated. The protesters were carrying posters and banners in their hands. The purpose of the protest was to highlight the…

Residential

NBCC defends bulk sale of new Amrapali flats to private builders

NOIDA: Facing protests from Amrapali homebuyers, National Buildings Construction Corporation (NBCC) has defended its decision to sell new flats in bulk to private developers, saying it was a “last resort” to raise funds for completing stalled housing projects. The state-run construction company’s move has sparked outrage among homebuyers who alleged that on one hand, their long-awaited flats were being cancelled in the name of delayed payments, while on the other, new flats with additional FAR were being handed over to private developers at “discounted” rates. NBCC chairperson and managing director KP Mahadevaswamy, however, maintained that the decision was necessary given…