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NBCC looking forward for expansion

NBCC looking forward for expansion
National Buildings Construction Corporation Ltd. (NBCC), a Navratna company under the ministry of urban development, is looking to expand overseas to tap the more than Rs 2,000 crore infrastructure redevelopment and consultancy services market in Maldives, Turkey, Botswana, Oman and Malaysia. We are definitely looking for expansion overseas especially with the expertise in re-development. We [...] Continue Reading »

NBCC sets up innovation and R&D centre in New Delhi

NBCC sets up innovation and R&D centre in New Delhi
In a statement released on Tuesday, National Buildings Construction Corporation Ltd (NBCC) has revealed that a centre for innovation and research and development (R&D) has been set up by the organization in New Delhi. According to the information shared by NBCC’s Chairman and Managing Director Anoop Kumar Mittal, the exclusive focus of the new innovation [...] Continue Reading »

Growing demand for luxury housing

Growing demand for luxury housing
Owing to abounding investments of non resident Indians (NRIs), alluring offers provided by the builders and changing lifestyles of buyers, the demand for luxury housing market is gradually cheering up in the metros. The demand for luxury and ultra-luxury homes is growing, particularly for those ranging between Rs 1 crore to Rs 20 crore, or [...] Continue Reading »

PE investments drop to $1.84 bn in Apr-June qtr

PE investments drop to $1.84 bn in Apr-June qtr
According to the study by Venture Intelligence, a research service focused on PE and merger and acquisition activity in India, Private equity (PE) firms had invested about USD 1.84 billion during the quarter ended June 2012. The investment amount was 34 percent less than USD 2.79 billion invested in the same period last year. Further, [...] Continue Reading »

Mumbai flat sales drop by 60%

Mumbai flat sales drop by 60%
Mumbai Metropolitan region (MMR), which normally has an annual flat sales average of 80,000 units, declines with only 45,000 apartments sold in the year 2011-12. According to the Knight Frank research report released on Thursday the market has an unsold inventory of 80,000 flats valued at Rs 1.05 lakh crore. Sales in the financial year 2012 [...] Continue Reading »



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