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NBCC RS 600 Crore Plan
NBCC plans to sell off commercial, residential projects to raise Rs 600 crore
NBCC lately vended nearly 4 lakh square bases of office space in Nauroji Nagar, South Delhi, for Rs 1,557.51 crore in the 21st transaction for the trade of marketable space in the World Trade Centre to six stab
State- possessed construction company NBCC is planning to monetise some of its marketable and domestic systems across the country to mop up anything close to Rs 600 crore by the end of 2024, a top functionary told Moneycontrol.
NBCC lately vended nearly 4 lakh square bases of office space in Nauroji Nagar, South Delhi, for Rs 1,557.51 crore in the 21st transaction for the trade of marketable space in the World Trade Centre to six stab, including HDFC Bank and Petronet LNG. The company also has forthcoming real estate systems across the country worth further than Rs 1,000 crore( roughly), the functionary said.
It lately inked a deal with the Kerala Housing Board for redevelopment works for roughly Rs 2,000 crore that are likely to be completed within the coming three times, the functionary said. “ We've been fastening on redevelopment of marketable and domestic means in Delhi so far. We now plan to target all metro metropolises. ” The company has a ready- to- move- in design NBCC Square, Rajarhat, Kolkata, spread across 5 acres.
The design has base- plus- 15 bottoms of marketable space spread across an area of sq ft. The design also has one domestic palace( ground plus 14 bottoms) with 3BHK units having a total area of sq ft. It aiming for a profit realisation of nearly Rs 200 crore( roughly) from the trade of balance marketable and domestic units in this design by March 2024. In Lucknow, there's a marketable complex located in Gomti Nagar Extension spread across an area of1.79 acres. This complex consists of two blocks( ground plus four and ground plus six storeys) with a total saleable area of sq ft. The company hopes to collect Rs 115 crore from the deals of balance force.
This is a lately completed ready- to- move- in design, the functionary told Moneycontrol. The company is also dealing marketable space at NBCC Imperia in Bhubaneshwar. This design is spread across an area of5.05 acres and the profit realisation from this design is anticipated to touch Rs 290 crore from the trade of balance force. The said design is a ready- to- move- in complex. NBCC has three land parcels spread across an area of5.11 acres in Jaipur. It plans to construct one domestic and two marketable design at these land parcels and expedients to realise close to Rs 900 crore from the trade of force, the functionary said. in Coimbatore, the company is coming up with a domestic design over one acre of land parcel which is at a high position in Krishnaswamy Nagar, Coimbatore. The design will correspond of 100 dwelling units spread across an area of sq ft worth Rs 110 crore trade value, the functionary said.
