State-owned NBCC will soon come out with a policy to take up new or stalled real estate projects, where it would work as either a project management consultant, co-developer or a developer, the chairman and managing director of the company, AK Mittal, said.
“In a week’s time, we will come up with a proper plan on this. We want to explore and do business in this model,” Mittal told reporters. “We are open to take up other projects in the national interest. We have the capability and appetite for more such projects,” Mittal said, though he did not give any further details on the plan.
The decision to come up with such a plan comes after the Supreme Court asked NBCC to complete the incomplete projects of Amrapali group.
Mittal said NBCC will submit the detailed project planning (DPR) for Amrapali projects to the apex court by next week. “We have floated tenders for 10-11 projects out of 16, and remaining 5-6 will be out in a week’s time,” he said, adding that work will only start after the clearance from the apex court.