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NBCC signs annual MoU with Urban Affair ministry
Navratna CPSE National Buildings Construction Company (NBCC) has signed a memorandum of understanding (MoU) with the Ministry of Urban Development for the FY 2015-16. The annual MoU was signed by Madhusudan Prasad, Secretary (UD),on behalf of the ministry and Anoop. K. Mittal, CMD of the NBCC.
The MoU for 2015-16 sets out certain performance targets for the company based on financial parameters, dynamic parameters, sector-specific and enterprise-specific parameters. While the sales turnover has been targeted at Rs.4,600crore, new order during the year is aimed at Rs.6,500 crore and gross operating margin rate for the company has been set at 11.20 per cent.
UP Real Estate Appellate Tribunal’s “Online Justice Delivery System” awarded for Innovative Technology for Smart Governance by Computer Society of India
U.P. Real Estate Appellate Tribunal’s “Online Justice Delivery System” has been awarded for Innovative Technology for Smart Governance and selected...
52% NRIs see Indian commercial properties emerging as a new asset class
The Indian real estate segment demonstrates an upward trajectory with the projection to exhibit a growth rate of 9.2% CAGR...
Welspun Gp acquires Sintex BAPL
Mumbai, March 30, 2023: Welspun Group has acquired the plastic industry market leader, Sintex. Sintex’s auto business already has a...
Naiknavare Developers launches Avasa, new vertical of structured plots; commences e-commerce platform designed for plotting
Pune, March 30, 2023: Naiknavare Developers, renowned for its well-thought-out community-centric residential and commercial projects in Pune, Mumbai, and Goa, today announced it...
Residential demand up 14.2%, supply grew 1.9% YoY: Magicbricks PropIndex Report, Jan-Mar’23
New Delhi/Noida, March 30, 2023: Continuing on the path of resilience and overall growth, India’s residential demand increased 14.2% and...
Mahindra Life transacts with Alliance Gp for 9.24 acres at Mahindra World City, Chennai
New Delhi, March 29, 2023: Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development business of the Mahindra...
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