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NBCC's three-phase plan to complete 50,000 Supertech homes offers hope for stranded home buyers amid insolvency proceedings

By Economic Times - 2 months ago
The state-owned NBCC has put forward a three-year construction schedule to provide reassurance to numerous homebuyers. The objective of the plan is to finalize the construction of 50,000 apartments across 17 projects of Supertech, which is currently being managed by an insolvency professional. The company's main stakeholder is confronting several allegations, such as fund diversion and money laundering.

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