Tag: nbcc

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…

Industry

NBCC’s Kidwai Nagar project caught in GST crossfire between ministries

A demand for goods and services tax (GST) from Navaratna NBCC’s escrow fund has had the Urban Development Ministry at loggerheads with the Finance Ministry. The issue relates to a redevelopment project at Kidwai Nagar in the national capital. The Directorate General of GST Intelligence (DGGI) sought GST on the escrow fund maintained for the redevelopment of Kidwai Nagar project in the national capital from NBCC, the government’s building arm for civic amenities and housing, ET has learnt. The GST demand notice was issued on January 29 on the grounds that lease receipts collected by NBCC under an escrow mechanism…