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NEWS

7
Nov
2016

NBCC starts country’s biggest land monetisation drive

Some of the loss-making firms such as HMT, NTC, Hindustan Photofilms and ITI hold more than 100 acres of prime land in metro cities, an official said. State-run real estate firm NBCC (India) Limited has kicked off the biggest land monetisation drive in the country, writing to 74 loss-making public sector companies to seek details of spare land available with them so that a plan can be drawn up. "The land bank with these firms is estimated to be around 2.5 lakh acres. NBCC being a government company, the land transfer will not be an issue," said a senior government official, who did not wish to be identified.
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