Project News Detail
| Project No : | 193115 |
|---|---|
| Project Title : | Constriuction Of 16000 Flats Project In India. |
| Company Name : | Nbcc India Limited |
| Project Detail : | NBCC (India) has started construction of over 16,000 flats of the Amrapali Group on 24 August 2020, after the Bhumi Poojan The projects where construction was started include Smart City-Golf Homes, Kingswood, Leisure Park (Phase-1, Phase-2 and River view), Centurion Park- Terrace Homes and Tropical Garden, Leisure Valley- Adarsh Awas Yojna and Dream Valley- Enchante In addition of this, the tenders for projects Leisure valley-Varona Height and Dream valley Phase-2 are in process Over 6,000 labour work force has been deployed on these projects, which is likely to double in next two months. The progress of work was badly affected by COVID-19 and following all protocols and precautions, the work is now progressing well to some extent The work on eight projects in Noida involving 11,741 units in Silicon-1 & 2, Silicon-Crystal Homes, Sapphire-I &II, Princely, Platinum/Titanium and Zodiac and three projects in Greater Noida- Centurian Park-Low rise and Valley, Leisure Valley Villa and Dream Valley Villas involving 2,666 units are in progress NBCC (India) has started handing over flats to homebuyers and is likely to handover around 160 flats in September 2020 All these works are likely to be completed from nine months to 36 months in all respect. The completion of projects is entirely depends upon timely deposit by homebuyers and arrangement of funds from other sources Over 40,000 homebuyers of Amrapali Group will have to start paying the remaining amount from August 2020, as per the latest payment schedule prepared by the state-run NBCC (India) The company has divided the stuck Amrapali projects in three categories and delivery of flats will start within six months. Over 10,000 homebuyers, who will get the possession by June 2021, will have to pay the remaining amount in four instalments of 25 percent Rest of the homebuyers are allowed to pay in 10 instalments of 10 percent as per the delivery schedule In the next three years, the company expects Rs 3,200 crore from buyers and with partial funding starting from August 2020. The company expects to follow the construction schedule and deliver all flats by February 2023 About seven projects that are to be completed by June 2021, have a due of Rs 200 crore and they will pay in four instalments NBCC (India) is involved in the completion of 23 housing projects by Amrapali Developers. The estimated cost of completion of all projects is about Rs 8,500 crore |
| Project Location : | Not Classified - Not Classified - india |
| Project Estimation : | Refer Document |
| Status : | Announced |