NBCC Green View Society in Sector 37D, Gurugram has been in the news after Gurugram deputy commissioner Nishant Kumar Yadav asked residents to vacate the property in two weeks, citing security issues. Gurugram District Collector Nishant Yadav said on February 17, “NBCC conducted a survey of its society and found that the building is unsafe and should be vacated by March 1. NBCC will bear the cost of relocating the residents.”
The 18-acre housing project of National Building Construction Corporation (India) Limited, a Navratna enterprise of the Government of India, was completed in 2017. There are total 784 flats in the society. So far around 260 flats have been sold. Within months of moving into their new flats, residents started noticing cracks in the ceilings and walls. The walls exposing the rusty iron rods beneath them are the first things you’ll notice as soon as you enter the society. One resident said it was unimaginable how a society became unsafe to live in within four years of construction.
The residents blamed the developer NBCC for the poor construction of the flat. Basab Dasgupta, another resident, said, “We often hear stories about private builders cheating or developing poor quality homes and that is why we relied on NBCC and look at us now.”
What is NBCC?
NBCC or National Building Construction Corporation is a blue-chip company owned by the Government of India. It comes under the Ministry of Housing and Urban Affairs. It has diverse experience in construction and development, from development of residential projects to construction of hospitals, roads and TV towers. It is also one of the key participants in some of the flagship schemes of the Government of India such as ‘Housing for All by 2022’, ‘Smart Cities Mission’, ‘Namami Gange’, ‘Swachh Bharat Mission’ and ‘Digital India’.
How does NBCC fund and manage the projects?
NBCC plans to cover a part of construction expenditure of Rs 43,650 crore from home buyers’ dues, estimated at around Rs 4,000 crore, which they expect to pay within the next three months. The remaining charges will be covered by auctioning the properties of the builders under consideration. In addition, NBCC will construct a sample flat in each project to allay home buyers’ fears about their ability to take care of premium projects, informs Jain.
What are the functions of NBCC?
The project management consultancy scope includes the supervision of engineering projects so that the entire process, as well as the final product, is in line with the requirements of the respective client. The Center assigns any delayed or incomplete residential, commercial or infrastructure projects to NBCC.
Another area of work of NBCC is Engineering Procurement and Construction (EPC), NBCC is involved in project conceptualization, feasibility study, Detailed Project Report (DPR), tender specification, basic and detailed engineering, review of projects, building planning. , commissioning and testing, and handing over the project to customers after completion.
The corporation develops residential, commercial and institutional projects on the advice of the Centre, and also enters into joint ventures to fill any gaps regarding the completion of these projects. It develops residential and commercial properties at competitive rates so that the bidding agencies for the tenders of these properties can get adequate return on their investment.
Other aspects of property development that NBCC takes care of are ensuring highest standards of quality, setting environmental and safety standards and creating a healthy cash flow for the corporation in case emergency funds are required to complete private sector projects. have to keep.
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