Real Estate Developers Have High Hopes from Budget 2010
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Mon, 15/02/10 – 16:27 | No Comment

Developers are re-calculating the upwards swing in the real estate industry, especially housing, provided Government pays special attention the sector. Various developers voice their expectations from Budget 2010.
AVNISH AGRAWAL, DIRECTOR, MERITON GROUP- Talking from common …

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NBCC to launch affordable housing project in Delhi, NCR

Submitted by ishani on Monday, 13 October 20085 Comments

The National Building Construction Corporation (NBCC) is all set to launch its first residential project in Delhi and NCR by the end of this year. In Delhi, the project is likely to take shape near the Chhattarpur Mandir near Mehrauli. “At NBCC, we believe in constructing houses at affordable prices. Our approach is not going to be like the private sector, where profit is the only motive. We expect to sell these properties at cheaper rates than the private sector builders at the same locations,” said Ajay Garg, Director (Finance), NBCC.

According to officials, the procurement process for the residential project for Delhi and NCR is underway. “We will be in a position to state the site for the project in Delhi in the next two months. We are also in an advanced stage of land procurement in Gurgaon and Noida,” Garg said. Company sources said the houses in Delhi are expected to cost between Rs 20-40 lakh. “While our priority is to provide quality houses at affordable prices, the cost will depend on factors like the cost of land. Though we don’t strive for huge profits, we will keep the costs sustainable,” Garg said.

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5 Comments »

  • Shivani Sarin said:

    But how can we know as to when as a customer , we can apply for the booking.

  • Anil Kumar said:

    When can we apply and how?? Please let us know the procedure.

  • mustaq ahmed said:

    how can apply this when we will get form where pl give me detail and term and condition

  • Bharat said:

    how can apply this when we will get form where pl give me detail and term and condition

  • Swapan Mazumdar said:

    Dear Ishani (Poster),

    I am guessing that the company in the context is http://www.nbccindia.com/, a govt. of India enterprise.

    Your post is certainly attracting good attention however not realistic it appears.

    House is either independent or semi-detached and is different from Flat or Apartment which has communal areas.

    I would not believe on such promises, and hope that information shared to public are authentic and credible.

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