New Delhi:
If you fail to get a flat in the current DDA
housing scheme, don't lose heart. National Building Construction
Corporation, the largest public sector construction company, will
soon launch a scheme for 2,000-2,500 houses in south
Delhi, near Mehrauli.
For those who dream of a house in the city, the scheme is a winner
as the flats which will come up in an area of about 30-35 acres
near Mehrauli, will be available at prices much lower than the
prevailing market rate.
NBCC, which is set to announce the project by the year-end, is
also working on housing projects in Gurgaon
and Greater Noida.
Preliminary estimates suggest that a two-bedroom flat would cost
around Rs 20 lakh, a three-bedroom flat around Rs 30 lakh and
four-bedroom flat around Rs 40 lakh.
"NBCC is going to sell these properties at cheaper rates than
private sector builders at the same locations," said Arup Roy
Choudhury, chairman and managing director of NBCC. Besides, "the
plan is to construct affordable houses in the NCR
region in the near future".
According to company officials, all the housing projects will
have a mix of commercial and residential properties which will
help in cross-subsidizing housing units.
The details of Gurgaon and Greater Noida
projects are still being worked out and the company's negotiations
with the state governments and private players for acquiring land
are at an advanced stage, an official said.
NBCC, upbeat with real estate's contribution of Rs 376 crore
to its total income of Rs 2,025 crore and net profit of Rs 280
crore, now plans to enter the all-India market.
Apart from Delhi and NCR, the company has taken up projects in
Kolkata and the north-east and is considering projects in Visakhapatnam,
Kochi and Chennai.
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