HomeDaily NewsThe Hindu Business Line: NBCC to float tenders for six Amrapali projects.

The Hindu Business Line: NBCC to float tenders for six Amrapali projects.

SC appointed the group to develop 16 stalled projects.

The NBCC may invite tenders for the remaining six stalled Amrapali projects by next week. Recently, tenders were floated for 10 stalled projects of the group.

The Supreme Court in September appointed NBCC to develop the stalled projects of Amrapali group. Of the 16 stalled projects of Amrapali, nine are in Noida and seven in Greater Noida.

The projects have been divided into three categories based on the quantum of work remaining.

“There are different phases for the completion of project which varies from 12 months to 36 months. It depends on the kind of the project,” said AK Mittal, Chairman-cum-Managing Director, NBCC. The tender is being floated to appoint the contractor, which is selected through Quality and Cost Based Selection (QCBS) and will be entitled for the payment.

Out of the 41,690 sold units, 8,416 units have been handed over. However, no units have been handed over in the Greater Noida projects. Mittal said that apart from Amrapali, there is no other stalled housing project which has been taken up by the NBCC for construction.

Redevelopment

After the Delhi court’s approval, the NBCC has ordered initial work for redevelopment of two colonies — Netaji and Sarojini Nagar, in New Delhi. The hearing for the redevelopment of the third colony— Nauroji Nagar— will take place in November. The work was stalled because of environment clearance.

Minor changes have been made for the redevelopment of colonies. There has been a reduction of two per cent in the number of houses which are being built.

Instead, more plants would be transplanted now. The company is also aiming to increase the use of technology to complete the projects at the earliest.

“Project monitoring is one of the biggest tools to complete a project on time. So, we are using the latest technology,” said Mittal.