Redevelopment scenario of real estate & infrastructure in DelhiNCR.

Q: NBCC is looking for huge land bank development to tap potential.

Raj Roy, Delhi

14th May 2015

Real estate News in Delhi

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real estate development

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Replies (2)

Hi Guys,
According to me, Over the past 12 months, stock has scored up a more than triple so investors cheer a steady income stream. While there is no official evaluation for the measure of state-possessed real estate that could be up for redevelopment, still there is opportunity . Because Prime Minister Mr Narendra Modi's promise to build affordable homes, "smart" cities and to reboot manufacturing.

shaina,

14th May 2015

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Hi,

As per sources, Railway minister is already in touch with NBCC, to build low-cost homes on excess land it owns across the country. So this is a grand step which will help fulfill his promise of housing for all by 2022. Currently NBCC is redeveloping projects worth of $780 million & is additionally anticipating cabinet approval on 3 extra projects in the capital which are expected to add nearly about 180 billion rupees to its order book.

Dwarkesh,

14th May 2015

Hi Guys,
As per latest news, state-run National Buildings Construction Corp (NBCC) is wagering on the redevelopment of a millions of square feet of empty government property as it plans to develop its $3.4 billion order book by 25% a year to 2020. That is nearly double the rate of growth over last couple of years.

James, Delhi

14th May 2015

Comment

Hi Raj,
As per my knowledge, NBCC,who is the owner of 90 per cent of land by the state, constructs and redevelops real estate and infrastructure. It is seen as a significant beneficiary of the present government's spending push, making its stock a the top performer amid India's owned firms.

Sujan Mitra,

14th May 2015