2,000 flats will be up for grabs in South Delhi soon
This is part of project being developed on the CPWD land at Ghitorni in South Delhi
Sep 12, 2013
Source : The Hindu


DELHI: Planning to own a flat in Delhi? You have reason to cheer. The Government-owned National Buildings Construction Corporation (NBCC) plans to sell around 2,000 flats in South Delhi to the general public.

“This is part of project being developed on the CPWD land at Ghitorni in South Delhi. Apart from the commercial space, this project will have 10,000 dwelling units and 80 per cent of these will be for Government accommodation, while the remaining will be sold to the general public,” Anoop Kumar Mittal, Chairman and Managing Director of NBCC, told reporters here. The Central Public Works Department (CPWD) owns 240 hectares in the area.

These flats will be a combination of studio apartments to multi-room apartments. The rates are yet to be finalised. But one thing is clear, “It will not be costlier than the private developers,” Mittal claimed, while hoping that being a project from Government-owned company, with assured timely delivery and no possibility of any hidden charge, will help in getting a good response. The construction is expected to begin in this financial year itself, he said.


NBCC also aims to build around 10,000 housing units in the country during the next five years. The company, on its own, has a land bank of 145 acre in various States on which it plans to build residential and commercial projects. The company has lined up five large projects for the current year. These include a commercial project in Okhla (Delhi) and residential projects in Alwar (Rajasthan), Gurgaon (Haryana), Khekra phase-III (Uttar Pradesh) and in Faridabad (Haryana).

In an effort to have a real estate project in every State, the company has lined up an expenditure of Rs 400 crore this fiscal. The other two business segments of the company are project management consultancy and EPC (Engineering, Procurement and Constructions) contracts. The overall work order in hand is around Rs 5,000 crore.

The company was hopeful of achieving a turnover of Rs 3,600 crore in 2013-14. Its turnover was Rs 3,429.32 crore and net profit was Rs 207.50 crore in 2012-13.

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