NBCC Proposes 3-Year Plan to Complete Supertech’s 50,000 Apartments
State-run NBCC has proposed a three-phase construction plan over three years to complete 50,000 apartments across 17 Supertech Ltd projects, providing relief to thousands of homebuyers. Supertech, currently under insolvency, faces charges including fund diversion and money laundering. NBCC estimates the completion cost at nearly ₹9,500 crore, with potential receivables of ₹16,000 crore, including ₹14,000 crore from unsold inventory. The insolvency resolution professional had earlier estimated the construction cost at ₹6,406 crore.