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NBCC, East Kidwai Nagar, Delhi

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NBCC, East Kidwai Nagar, Delhi

Last updated: May 5 2016
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  • NBCC, East Kidwai Nagar, Delhi

    Pls adv if this is a good project to invest.
    http://www.nbccindia.com/nbccindia/index.jsp
  • #2

    #2

    Re : NBCC, East Kidwai Nagar, Delhi

    excellent but i think..its difficult to get a residential appt as it is on prorata office basis..i hv serious doubts if one can get it...
    anybody following it and know any inside information to apply or not..its by lottery or not etc ..

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    • #3

      #3

      Re : NBCC, East Kidwai Nagar, Delhi

      This is lease of 30 years


      Residential & Office built-up space is being offered on lease sale for a period of 30
      years. Office built-up space is being developed on core & shell basis. Lease period
      shall start from the date of handing over of possession and may be extended by MoUD
      at its sole discretion and terms & conditions. Handing over of Residential & Office
      spaces will be in phased manner in 3 - 5 years from the date of commencement of
      construction which is likely to be w.e.f. September, 2013.
      Last edited June 25 2013, 10:38 PM.

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      • #4

        #4

        Re : NBCC, East Kidwai Nagar, Delhi

        Originally posted by teen_patti View Post
        Pls adv if this is a good project to invest.
        Welcome to National Buildings Construction Corporation Ltd.
        It seems to be leasehold rather than freehold.

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        • #5

          #5

          Re : NBCC, East Kidwai Nagar, Delhi

          I have seen the location, in fact I have drive through the area often to reach Barapullah flyover as a short-cut route. The area is full of low raise SARKARI flats for BABU's. It appears they are going to demolish the same & build a new township?? It's ZERO KM from AIIMS & 1 Km from South-X. Can't believe it ....
          Please share the thoughts. There will be a mad rush for it.
          Last edited June 25 2013, 10:58 PM.
          Don't take your organs to heaven with you. Heaven knows we need them here. Be a blood and organ donor.

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          • #6

            #6

            Re : NBCC, East Kidwai Nagar, Delhi

            Not for individuals

            i dont think this project is open for individual booking, it is for only PSU etc direct booking by company or govt departments.

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            • #7

              #7

              Re : NBCC, East Kidwai Nagar, Delhi

              10% of the total units are open for anyone I think...rest are reserved..

              10k psf for 30 year lease...it would be like paying advance rent for 30 years..location is best you can get..not sure if one would be allowed to transfer the property during lease period...i think only preferable for individuals looking for enduse and paying high rents in south delhi as of now..

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              • #8

                #8

                Re : NBCC, East Kidwai Nagar, Delhi

                Originally posted by aabansal View Post
                10% of the total units are open for anyone I think...rest are reserved..

                10k psf for 30 year lease...it would be like paying advance rent for 30 years..location is best you can get..not sure if one would be allowed to transfer the property during lease period...i think only preferable for individuals looking for enduse and paying high rents in south delhi as of now..
                I read somewhere in the sales agreement that selling is not allowed. I could be wrong since i read it in a jiffy.

                Also, it seems to be a 30 year lease, no freehold. Not sure, if any bank would finance this.

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                • #9

                  #9

                  Re : NBCC, East Kidwai Nagar, Delhi

                  Originally posted by aabansal View Post
                  10% of the total units are open for anyone I think...rest are reserved..

                  10k psf for 30 year lease...it would be like paying advance rent for 30 years..location is best you can get..not sure if one would be allowed to transfer the property during lease period...i think only preferable for individuals looking for enduse and paying high rents in south delhi as of now..
                  around rs 6 psf for 30 years @5% increase every year. not even one can get unauthorized colony in this rate in delhi.

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                  • #10

                    #10

                    Re : NBCC, East Kidwai Nagar, Delhi

                    Originally posted by teen_patti View Post
                    around rs 6 psf for 30 years @5% increase every year. not even one can get unauthorized colony in this rate in delhi.
                    How is it Rs 6 psf?

                    What about interest on money invested?

                    Govt. is nowadays playing pretty smart.

                    Let private money pay for Govt. accommodation.

                    The powerful IAS lobby would make sure that the lease is not extended beyond 30 years and accommodation is available to them for cheap.

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