NBCC to complete Unitech projects but won't be liable for OC, CC
NBCC to complete Unitech projects but won't be liable for OC, CC
Praveen Dwivedi
NBCC to complete Unitech projects but won't be liable for OC, CC
Photo: Samrat Roy

NBCC to complete Unitech projects but won't be liable for OC, CC

In a big relief to nearly 16,000 aggrieved home buyers waiting for possession of flats, the state-owned National Buildings Construction Company (NBCC) has shown interest to take over the unfinished projects of Unitech Group as a consultant.

The submission in this regard was made before the Supreme Court by Attorney General, K K Venugopal during hearing on Monday. Representing the Central government, Venugopal apprised the apex court that NBCC was ready to complete all Unitech group projects.

Presenting a proposal report of the NBCC before the top court, he said, “NBCC can complete projects as consultant if funds are provided.” However, NBCC refused to invest its money to complete projects.

The court was also apprised by AG that the government has proposed a high-powered committee, headed by a former high court justice to oversee the construction of stalled projects. As per the information, now the home buyers of Unitech group have been asked to give their suggestion and the court may take final decision on August 9.

Sources in NBCC said, “It would not undertake any construction work by itself but will appoint separate firms as per the requirements to complete unfinished housing projects. It will charge fee for consultancy with eight per cent on actual cost of the works.”

As per the sources, the NBCC in its proposal has made it clear that it won’t be liable to obtain completion certificate or occupational certificates from any government authority. It further stated that Unitech will have to fulfill all obligations under Real Estate Regulatory Authority (RERA) be liable to pay all cost, expenses, penalties and other compliances.

“NBCC not to be responsible, accountable or liable for any obligations under the provision of RERA in relation to the projects,” NBCC said in its proposal.