-3.50 (-3.04%) National Buildings Construction Corporation (NBCC) is planning to increase the share of its real estate segment to 30% from the 15% in the current fiscal. The company is also planning to aggressively tap the real estate market by constructing residential and commercial projects in every state and major cities.
Currently, the company is doing aggressive work in developing Residential as well as Commercial properties not only in Delhi-NCR region and metro cities but also in Tier-II cities like Bhubaneswar, Meerut, Faridabad, Kochi, Patna, Ghaziabad, etc. As far as government work in the segment is concerned, a large-scale re-development work at East Kidwai Nagar has already started.
National Buildings Construction Corporation (NBCC) is a Schedule 'A' Mini Ratna Company. The company is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.