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NBCC to launch affordable housing project in Delhi, NCR
| October 5, 2008 |    (39 votes, average: 3.69 out of 5) Loading ... |
The National Building Construction Corporation (NBCC) is all set to launch its first residential project in Delhi and NCR by the end of this year. In Delhi, the project is likely to take shape near the Chhattarpur Mandir near Mehrauli. “At NBCC, we believe in constructing houses at affordable prices. Our approach is not going to be like the private sector, where profit is the only motive. We expect to sell these properties at cheaper rates than the private sector builders at the same locations,” said Ajay Garg, Director (Finance), NBCC.
According to officials, the procurement process for the residential project for Delhi and NCR is underway. “We will be in a position to state the site for the project in Delhi in the next two months. We are also in an advanced stage of land procurement in Gurgaon and Noida,” Garg said. Company sources said the houses in Delhi are expected to cost between Rs 20-40 lakh. “While our priority is to provide quality houses at affordable prices, the cost will depend on factors like the cost of land. Though we don’t strive for huge profits, we will keep the costs sustainable,” Garg said.
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