NBCC may get two land parcels
State-owned project management consultancy firm NBCC (India) expects to get at least two land parcels of sick public sector undertakings to start building housing projects by end-FY19.
The company is currently working on four-five such land parcel proposals and expects one project each in Delhi-National Capital Region (NCR) and either Hyderabad or Kolkata to begin by March 2019.
“The land parcels we have been approached for are of sizes ranging from 80 acres to 1,000 acres. We are working on plans to develop townships, affordable and mid-income housing and commercial projects on these land parcels”, said chairman Anoop Kumar Mittal.
NBCC has already initiated discussions with many of the 25 public sector undertakings to execute such housing projects on their surplus land parcels in locations that include Delhi, Gurgaon, Pune, Hyderabad, Nainital and Raigadh near Mumbai. These projects would include affordable, mid-income residential and commercial properties.