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Reality check: Does NBCC have the funds to complete stuck real estate projects? - Zint Design
More than one lakh incomplete housing units and a construction bill running into thousands of crores, probably more, the National Building Construction Corporation hasn’t handled such a big job, and that has homebuyers and experts worried. The Supreme Court’s order asking the state-run construction company to complete the stalled projects of Amrapali Group in Delhi’s neighbourhood have brought relief to harried buyers but the task is enormous. Sample this: there are 42,000 unfinished units spread across 16 Amrapali projects, which, NBCC estimates, will run up a bill of Rs 7,714.71 crore. It doesn’t include NBCC’s project management fee, which will be 8