Now Reading: NBCC sets January 2027 restart for 16 Supertech projects
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NBCC sets January 2027 restart for 16 Supertech projects
Construction on 16 stalled Supertech projects is scheduled to resume on January 16, 2027, providing a new timeline for nearly 14,000 homebuyers awaiting flats. The projects are spread across the National Capital…
Construction on 16 stalled Supertech projects is scheduled to resume on January 16, 2027, providing a new timeline for nearly 14,000 homebuyers awaiting flats. The projects are spread across the National Capital Region, Meerut, Rudrapur and Bengaluru, and include around 50,000 flats in total.
NBCC, appointed by the NCLAT as implementing agency, plans to issue at least 27 tender packages in phases between October 1 and 15. A tender for River Crest in Rudrapur was floated on September 16. The latest schedule follows earlier missed targets and an August 25 status report sought by the tribunal.
Funding remains a hurdle. The project committee is pursuing institutional finance, while a techno-economic viability report requested by public sector banks is due by December 15. Homebuyers' groups have also sought written confirmation of the January date and deadlines for property registrations.
Indian Opinion Analysis
For buyers, construction and legal ownership are separate milestones. A completed building still requires the relevant local approvals and project-level documentation before flats can be formally registered, so possession alone may not settle every buyer's problem. Financing will also depend on whether lenders find each project commercially viable rather than treating the portfolio as one pool. The December 15 viability report should indicate which projects can secure institutional loans and which may need greater reliance on unsold inventory. NBCC's tender schedule will then show whether the revival has moved from planning to execution.
Source: realty.economictimes.indiatimes.com
This brief was synthesised by AI from the source linked above.
