Tag: nbcc (india) ltd

InfrastructureLatest Stories

New Nagpur project land costs could exceed ₹4,000 crore

Representative image NAGPUR: The projected cost for acquiring land for the New Nagpur Business District project is expected to surpass ₹4,000 crore, nearly ₹1,000 crore more than the original estimate of ₹3,000 crore. The final compensation rates for farmers are anticipated to be confirmed within a week. According to collectorate sources, “Once the compensation details are finalized, they will be forwarded to the Nagpur Metropolitan Region Development Authority (NMRDA) to initiate the acquisition process.” The acquisition encompasses land from Mouza Ladgaon (Rithi) and Mouza Godhani (Rithi) in Hingna taluka. A total of 629.43 hectares of private land is being acquired…

IndustryLatest Stories

Centre announces ₹33,500 crore Delhi infrastructure boost

NEW DELHI: Prime Minister Narendra Modi inaugurated and laid the foundation for development projects worth approximately ₹33,500 crore in Delhi on Saturday. These projects include metro expansion, government housing redevelopment, and urban infrastructure improvements. Key initiatives involve residential and office infrastructure projects under the redevelopment of seven General Pool Residential Accommodation (GPRA) colonies, as part of a modernisation programme for government housing in the national capital. As part of this initiative, over 2,700 newly constructed government flats and office infrastructures were inaugurated, with the foundation stone laid for more than 6,600 additional GPRA flats and commercial office towers under the…

Latest StoriesResidential

Homebuyers urge CJI, PM to let NBCC finish Supertech projects

Homebuyers from 16 halted housing projects by Supertech have reached out to Chief Justice of India B R Gavai and Prime Minister Narendra Modi, urging intervention to transfer these projects to state-owned NBCC instead of the NCR-based Apex Group. The buyers are requesting the Supreme Court to lift a stay imposed on a December 2024 order from the National Company Law Appellate Tribunal (NCLAT), which directed that these projects be handed over to NBCC (India) Ltd for timely completion. This stay was placed following a revival proposal submitted to the Supreme Court by Apex Group. “After enduring over a decade…