NBCC (India) Limited: A Leader in Infrastructure Development and Nation Building
Pioneering Efforts in Stressed Asset Projects : Amrapali Group
By NSB.News
NBCC (India) Limited, a Navratna public sector undertaking, has been playing a key role in nation building by executing various infrastructure projects across the country. One of the company’s significant initiatives has been its successful handling of stressed asset projects, such as those of the now-defunct Amrapali Group. Entrusted with the responsibility of completing these stalled projects, NBCC has made substantial progress, living up to the trust placed in it.
The successful execution of Amrapali Group projects has been made possible due to the cooperation and support of several stakeholders, including the Hon’ble Supreme Court, homebuyers, banks, the Ministry of Housing & Urban Affairs, and others. This collaborative effort has allowed NBCC to overcome the challenges associated with these distressed projects and restore faith among investors and homebuyers.
Completion of Amrapali Projects: 24,000 Units Delivered
NBCC’s outstanding project management expertise and its continued dedication to excellence have led to the completion of nearly 24,000 housing units under the Amrapali projects as of today. With a clear commitment to contributing to the country’s infrastructure development, NBCC has demonstrated its ability to deliver quality projects that benefit citizens. The company remains focused on furthering government initiatives such as Housing for All, helping millions of citizens realize their dreams of homeownership, and contributing to the vision of Viksit Bharat@2047, as envisioned by the Hon’ble Prime Minister of India.
NCLAT Grants NBCC PMC Role for 16 Supertech Projects
In a recent development, NBCC has been entrusted with a new role by the Hon’ble National Company Law Appellate Tribunal (NCLAT). Through an order dated December 12, 2024, NCLAT has approved NBCC’s Terms of Reference (ToR) to serve as Project Management Consultant (PMC) for 16 stalled projects of Supertech Limited across four states: Uttar Pradesh (12 projects), Uttarakhand (1 project), Haryana (2 projects), and Karnataka (1 project). This new mandate reflects NBCC’s continuing leadership in delivering critical infrastructure solutions across the nation.
NBCC will oversee the execution and completion of these projects without any financial liability, demonstrating the company’s capability to manage complex projects while ensuring timely delivery.
Scope of the Supertech Projects: 50,000 Housing Units to be Completed
The 16 Supertech projects encompass nearly 50,000 housing units, with an estimated construction cost of ₹9,445 crore, which includes statutory fees, charges, and contingencies. NBCC is committed to ensuring the timely completion of these projects within three years while maintaining its hallmark standards of quality and sustainability. The company has been granted an 8% Project Management Consultancy fee, which includes a 1% marketing fee, underscoring its responsibility in managing and promoting these projects effectively.
This landmark initiative will address the long-standing grievances of thousands of homebuyers who have been waiting for their dream homes, further strengthening NBCC’s commitment to national priorities and customer trust. Through its continued leadership, NBCC is playing an integral role in addressing the country’s housing needs and contributing to its overall infrastructure development.