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Time of India
03-07-2025
- Business
- Time of India
Junta House must be vacated in 30 days: North Goa collector
Panaji: The North Goa collector has formally declared Junta House as unsafe and has asked for the building to be vacated within 30 days. Junta House accommodates several key govt departments, including the transport department, and is a frequently visited building, making its continued use a risky proposition. North Goa collector Ankit Yadav said the order to vacate the building is based on the structural audit report by the PWD and the need to ensure the safety of citizens and govt employees. The PWD's audit, which included non-destructive testing, was conducted to assess the building's structural integrity and determine necessary repairs. The concrete structure, built in the 1960s, was crumbling, with the steel-reinforced bars exposed in some locations and showing signs of corrosion. State govt has inked a contract with NBCC (India) Ltd, formerly known as National Buildings Construction Corporation, to redevelop six major govt buildings in a phase-wise manner, including Junta House. Junta House is considered one of the first public buildings constructed in Panaji after Liberation, and was once the tallest structure in the city. _____________________________ Vendors moved from weak Ponda building Ponda: The Ponda Municipal Council (PMC) on Thursday decided to shift vendors operating from dilapidated fish market to the mezzanine floor of the market complex building. While fish, vegetable and fruit vendors were relocated to the basement parking, others had refused to move to the new location. Last month, the PMC had given traders 72 hours notice to vacate the premises, but it was put on hold after vendors petitioned chief minister Pramod Sawant during his recent visit to the town. tnn
Time of India
02-07-2025
- Business
- Time of India
NBCC plans residential project in South Delhi
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel At a time when real estate development in the capital has been hit by an acute land constraint, state-run NBCC (India) Ltd plans to monetise a 32-acre land tract in Ghitorni, south Delhi, through a residential project anticipated to produce more than Rs 9,000 crore in revenue, said an NBCC Navratna public sector undertaking is expected to hire a consultant for the project and is likely to carry it out internally rather than delegate it to a third party.'It was an old land parcel, which was originally used for a brick kiln. It was lying vacant for quite some time and we are now preparing a detailed plan to monetise it,' said the NBCC official quoted Delhi's iconic Birla Cotton Mills in KamlaNagar will be redeveloped into a premier residential-led mixed-use project of around 3 million sq ft in the heart of the demand for high-rise condominiums, once seen specifically in Gurugram and Noida, has now transcended to Delhi, with projects like DLF One Midtown, The Leela Sky Villas, Risland Sky Mansion, Kailasa by TARC and The Amaryllis by Unity Group setting standards for luxury vertical Rs 5,000 crore profit expected from the Ghitorniproject, NBCC is expected to achieve Rs 25,000 crorein revenue by FY29, buoyed by its negotiations for redevelopment projects across the will follow the Delhi model, under which it sold 3.2 million sq ft of commercial space at the World Trade Center project in Nauroji Nagar and at SarojiniNagar Downtown, generating Rs 14,800 crore, to complete the redevelopment of seven colonies in is in talks with the governments of Goa, Telangana, Jammu & Kashmir and Kerala to take up more redevelopment NBCC won redevelopment projects worth Rs10,000 crore from the Goa government, which will be taken up in phases. Under a self-sustainable model, these projects will be developed without any budgetary support from the state company had reported Rs 8,900 crore in revenue in 2022-23 and Rs 10,666 crore in 2023-24. In 2024-25, it is expecting revenue of about Rs 12,000 crore.
Business Standard
03-06-2025
- Business
- Business Standard
Suzlon Energy Ltd Slips 2.4%
Suzlon Energy Ltd has added 23.53% over last one month compared to 13.53% gain in BSE Capital Goods index and 1.23% rise in the SENSEX Suzlon Energy Ltd fell 2.4% today to trade at Rs 69.51. The BSE Capital Goods index is down 0.09% to quote at 71147.43. The index is up 13.53 % over last one month. Among the other constituents of the index, Larsen & Toubro Ltd decreased 0.79% and NBCC (India) Ltd lost 0.6% on the day. The BSE Capital Goods index went down 3.49 % over last one year compared to the 6.57% surge in benchmark SENSEX. Suzlon Energy Ltd has added 23.53% over last one month compared to 13.53% gain in BSE Capital Goods index and 1.23% rise in the SENSEX. On the BSE, 16.8 lakh shares were traded in the counter so far compared with average daily volumes of 141.52 lakh shares in the past one month. The stock hit a record high of Rs 86.04 on 12 Sep 2024. The stock hit a 52-week low of Rs 45.13 on 05 Jun 2024.
