NBCC updates on issues at residential complex developed in Gurugram; Stock gains 1.5%

The company is looking for viable and feasible remedial measures to address the issues.

November 23, 2021 11:18 IST India Infoline News Service

NBCC (India) Ltd has informed regarding general business updates and issues to the exchanges.

The industry has developed a Residential Complex "NBCC Green View Apartment" at Sector 37D, Gurugram. Further, the Company has received complaints from the allottees regarding certain structural aspects of the project executed by the contractors and the same are being reviewed by the Company with inputs from external experts, said company in a regulatory filing on Monday.

Also, the company is looking for viable and feasible remedial measures to address the issues as safety of occupants/residents is our utmost priority, it added.

At around 11:20 AM, NBCC (India) was trading at Rs43 apiece up by Rs0.65 or 1.53% on Sensex.

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