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flag Indian tribunal appoints NBCC to manage stalled Supertech projects, affecting 49,748 homes.

flag The National Company Law Appellate Tribunal has appointed state-owned NBCC to manage and complete 16 stalled Supertech housing projects worth Rs 9,445 crore. flag These projects, spread across four states, include 49,748 housing units. flag NBCC will earn an 8% consultancy fee, including a 1% marketing fee, and aims to start construction by May 1, 2025. flag This move aims to provide relief to thousands of homebuyers affected by stalled constructions.

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