Supreme Court allows NBCC to complete 16 Supertech projects
The Supreme Court has approved NBCC to complete 16 stalled Supertech projects, impacting 49,748 housing units with an estimated cost of ₹9,445 cr. This decision is expected to benefit homebuyers and strengthen NBCC's market position.
pre-market1 source ↓written by the desknot a recommendation
- from Supertech Limited
- 16 stalled residential projects
- across four states
- 49,748 housing units
- construction cost
- ₹9,445 cr
- 8% PMC fee
The Supreme Court has authorized NBCC (India) Limited to proceed with 16 stalled residential projects from Supertech Limited, impacting 49,748 housing units across four states. The estimated construction cost is ₹9,445 cr, with a 8% PMC fee.
This ruling is significant for homebuyers awaiting possession and may enhance NBCC's market position as it resumes these large-scale developments.
Not investment advice. For informational purposes only.