NBCC to float tender for Amrapali projects.

Following the recent Supreme Court verdict, NBCC plans to start work on some of the private developers’ projects in the National Capital Region.

“There are some projects of private developers in NCR where homebuyers are suffering. So, with the Supreme Court order in the Amrapali project, the company will float the tender in the next 15 days,” said Anoop Kumar Mittal, Chairman and Managing Director, NBCC.

He added that the company will work as a project management consultant. Since various projects of Amrapali are in different stages, the company has sought three months to six years of time from the apex court.

Mittal said the order book of the company is currently around Rs. 80,000 crore and by the end of the year, it plans to increase the same to Rs. 1,00,000 crore.

“We plan that the company grows with a compound annual growth rate (CAGR) of 30-40 per cent in the next five years,” Mittal said. The public sector company will also start the work on Lal Quila and Qutub Minar.

HBL