There are pending issues over buyers’ unpaid dues and the utilisation of unused floor area ratio
The company has said that full-time functional directors have been appointed, which will boost execution and business development. Additionally, NBCC expects tendering to be faster in the next few months.
NBCC India won a Project Management Consultancy order worth Rs 207.92 crore from PWD Puducherry.
The share touched a 52-week high of Rs 43.80 and a 52-week low of Rs 26.70 on 30 November, 2022 and 17 June, 2022, respectively.
The nature of the order is project management consultancy on deposit work basis, NBCC said in a regulatory filing on Monday.
NBCC (India) has secured orders in Himachal Pradesh, Jammu & Kashmir and Bhubaneswar, amounting to a total of Rs 541.02 crore.
“A reversal in price trend will be solely based on pick-up in awarding of orders and monetisation of real estate projects, which appears less likely at the current juncture,” warned Antu Thomas, senior research analyst at Geojit Financial Services.
NBCC India has secured a total business of Rs 194.17 crore in January, 2023.
NBCC says buyback offer has been given, and rental assistance cannot be given in perpetuity
NBCC has given a breakout on the weekly timeframe after four years with above average volumes and the supertrend indicator is also indicating a bullish move which can be used as a confluence towards the bullish view.
The company's wholly-owned subsidiary in Brazil, MedQuimica Industria Farmaceutica, has signed a definitive agreement to acquire all rights to nine medicines from BL Industria Otica Ltda
The company has signed a memorandum of understanding (MoU) with the Ministry of External Affairs for the redevelopment of the MEA Housing Complex (Old) at Kasturba Gandhi Marg
On the issue of sale of floor area ratio in compliance of an earlier order dated July 22, 2022, the court receiver on August 8 submitted an action plan for all seven projects of the erstwhile Amrapali Group
NBCC, in a regulatory filing on July 14, said that it will settle the Green View issue with homebuyers by way of buyback.
The Supreme Court had, in 2019, asked NBCC to complete and deliver 38,159 flats of the erstwhile Amrapali Group after homebuyers sought its intervention, complaining about years of delay in handing over their homes. The court-appointed committee and ASPIRE are trying to help deserving homebuyers
The official said the fund will help in redevelopment of seven housing colonies in the city
The Green View residents have been demanding a refund of the flat cost with 15 per cent interest, registry charges, interior cost and a compensation of Rs 25 lakh for 'mental harassment'.
The NBCC Green View has a total of 942 units of which 392 were sold for Rs 21,012.80 lakh.
Authorities say a meeting with NBCC officials will be held next week to resolve refund-related issues faced by homebuyers.
In a regulatory filing, the company informed that it has bagged a work order for Rs 500 crore (approximately), namely for providing comprehensive, design, engineering and project management consultant (PMC) services for various works in the Union Territory of Ladakh.
The Enforcement Directorate informs the apex court that it made ' bonafide error' in attaching properties of former director of Amrapali Group
"We want them to return the money invested along with 15% interest, registration charges paid, interior costs, and Rs 25 lakh as compensation for the mental agony caused to us and our families," the homebuyers say.
The NBCC has been tasked by the Supreme Court to complete the stalled projects of Amrapali Group. NBCC has undertaken the completion of over 650 units in Noida and more than 4,500 units in 23 projects in Greater Noida.
Anarock is the channel partner for the sale of the 5,000 unsold apartments by the embattled group.
NBCC told the top court that it will conduct structural audit of under-construction projects of Amrapali through two agencies VNIT Nagpur and NIT Jalandhar as a “matter of prudence and precaution”.