As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through NBCC (India) Ltd.
Nbcc: The company also aims to increase annual profit to Rs 5,000 crore in five years from Rs 400 crore currently by focusing on real estate development and redeveloping land that are not utilised by other PSUs.
The company also aims to increase annual profit to Rs 5,000 crore in five years from Rs 400 crore currently by focusing on real estate development and redeveloping land that are not utilised by other PSUs.
"NBCC is committed towards completing Amrapali Projects despite challenges. We are dedicating our resources so that the dream of house ownership of home buyers of the project is fulfilled. We expect to complete all the projects by March 2025," NBCC CMD K P Mahadevaswamy told PTI.