[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
State-owned NBCC will submit the detailed project report (DPR) to RINL by month-end for
the steel maker's 22.19 acre land in Visakhapatnam city, a popular tourist destination in
In March 2021, construction firm NBCC had informed about signing an MoU with Rashtriya
Ispat Nigam Ltd (RINL) for redevelopment and monetisation of its 22.19 acre land in the
"NBCC is conducting the DPR on the project and submit it to RINL by end of June," a company
Post signing of the MoU, RINL asked NBCC to conduct a DPR to ascertain the value of the
RINL is expecting to get around Rs 1,000 crore from the sale of the land parcel in Maddilapalem
which is a prime location situated about 3-4 km from the beach.
NH-16 which connects Howrah in West Bengal to Chennai in Tamil Nadu passes at a distance
of about 2 km from the site. Besides, the land is in the proximity of tourist attractions like zoo,
Simhachalam temple, stadium etc.
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Have a nice day