NBCC to take up 15% smart cities projects across In­dia

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huge sup­ply. Go­ing for­ward, if ever there is some im­prove­ment in prices, it will be due to the con­struc­tion of the Metro link, even though breach­ing the ₹ 4,000 per sq ft mark looks to be dif­fi­cult.

Also, if one were to com­pare this mar­ket with Cross­ings Repub­lik, prices there are more or less sta­ble (be­tween ₹ 3,200 to ₹ 3,500) be­cause no new sup­ply is ex­pected to come up in the area un­like Noida Ex­ten­sion where more units will come up be­cause of in­creased FSI of­fered to builders. The ad­join­ing Noida sec­tors of 75, 78 and 79 com­mand prices of around ₹ 4,500 per sq ft to even ₹ 6,000 per sq ft be­cause th­ese projects are lo­cated in Noida and don’t have the Greater Noida tag. The pre­mium is pri­mar­ily for the lo­ca­tion.

The Na­tional Build­ings Con­struc­tion Cor­po­ra­tion Ltd (NBCC) plans to take up at least 15% of the smart cities projects to be un­der­taken by dif­fer­ent states across the coun­try.

NBCC will be an im­por­tant con­tender for the smart cities projects across the coun­try. It has al­ready set up a ded­i­cated in-house depart­ment to specif­i­cally at­tend to smart city ini­tia­tives.

“We have set up a ded­i­cated five to six peo­ple team to hold dis­cus­sions with dif­fer­ent state gov­ern­ments on the smart cities scheme. We are hop­ing to get projects from at least 12 to 15 smart cities. We are tar­get­ing that at least 15% of the work should be taken up by NBCC go­ing for­ward,” says A K Mit­tal, CMD, NBCC.

NBCC is cur­rently re­de­vel­op­ing gov­ern­ment flats in East Kid­wai Na­gar in Delhi and prior to this has re­de­vel­oped sim­i­lar prop­er­ties in the Moti Bagh area.

“NBCC’s ex­per­tise in re­de­vel­op­ment projects will come in handy. We can make do with this skill to ex­e­cute re­de­vel­op­ment projects in smart cities across dif­fer­ent states, ex­ploit the sur- plus land avail­able with them and re­de­velop their ex­ist­ing prop­er­ties to gen­er­ate money and im­ple­ment the smart cities scheme,” he adds.

NBCC, a sub­sidiary of the ur­ban de­vel­op­ment min­istry, has reg­is­tered a 15% growth in turnover from ₹ 4,038 crore to ₹ 4,633 crore in the 2014-15 fis­cal.

It also plans to launch an e- com­merce en­abled por­tal to cater to real es­tate re­quire­ments of var­i­ous gov­ern­ment agen­cies, de­part­ments, pub­lic fi­nan­cial in­sti­tu­tions and law en­force­ment agen­cies as part of the Dig­i­tal In­dia pro­gramme.

“We are work­ing on a unique dig­i­tal foot­print and it will be launched shortly,” says Mit­tal.

With projects priced around 3,300 per sq ft, Greater Noida West holds out hope for first-time buy­ers

NBCC’s re­de­vel­op­ment pro­ject in East Kid­wai Na­gar, Delhi

A K Mit­tal, CMD, NBCC

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