NBCC unfolds Rs.10,000 cr housing plan

The project management consultancy company NBCC is planning to build over 1 lakh affordable houses on its own land parcels, plots owned by the government and public sector undertakings, said Chairman, Anoop Kumar Mittal, claiming that it is looking to build these houses over the next five years to support the government’s stated objective of Housing for All by 2022. These projects entailed a whopping investment worth Rs.10,000 crore and score of them would start this year itself. The company would offer residential apartments starting from Rs. 10 lakh and going up to Rs.50-60 lakh depending on the location of the project. NBCC has over 200 acres of land parcels in cities such as Alwar, Jaipur, Faridabad, Kochi, Patna, Kolkata, Bhubaneswar and Coimbatore that would be utilized to build these houses apart from land to be allotted by the government. The company has initiated discussions to execute the housing projects on their surplus land parcels in locations like Delhi, Gurgaon, Pune, Hyderabad, Nainital and Raigadh near Mumbai, he added.