NBCC to redevelop govt projects in 3 cities.

After the much-talked makeover of government flats in Delhi's Moti Bagh, public sector company National Buildings Construction Corporation (NBCC) is looking outside the national capital. NBCC is planning to redevelop at least three government housing projects worth Rs. 5,000-6,000 crore in other parts of the country.

The company is also exploring opportunities in Africa and West Asia to expand its business.

It has signed an agreement for makeover of a government building in Bhubaneswar, while pacts for another two projects - Kolkata and Bhopal - are expected to be signed shortly, NBCC Chairman Anoop Kumar Mittal told Business Standard.

The old government housing structures will give way to high-rise buildings in the three cities to give it a contemporary look, as well as make optimum utilisation of space.

In Bhubaneswar, NBCC will redevelop two government properties of 100 acres each. It is still in discussions with the West Bengal and Madhya Pradesh governments for redevelopment of government properties with an area of 20-30 acres each and expects to sign final agreements by June.

BS