NBCC Plans Shadow Lender to Save Over $100 Million

23 Apr 2024 CW Team

National Buildings Construction Corporation (NBCC) is reportedly in the process of setting up a shadow lender, aiming to save more than $100 million. This move comes amidst efforts to address financial challenges and bolster the corporation's financial position.

The shadow lender initiative by NBCC is seen as a strategic step to navigate the complex financial landscape and enhance liquidity. By establishing an in-house financing entity, NBCC aims to streamline funding processes and reduce reliance on external sources, potentially leading to significant cost savings.

Sources suggest that NBCC's decision to create a shadow lender underscores its commitment to financial prudence and proactive risk management. This initiative is expected to not only optimise financial resources but also provide greater flexibility in financing various projects undertaken by the corporation.

The establishment of a shadow lender by NBCC reflects a proactive approach to addressing financial constraints and strengthening its financial resilience. This move is likely to have positive implications for the corporation's financial health and its ability to execute projects efficiently.

Overall, NBCC's decision to set up a shadow lender signals a strategic shift in its financing strategy and underscores its commitment to navigating financial challenges effectively. This initiative is anticipated to contribute to NBCC's long-term financial sustainability and support its growth objectives in the real estate sector.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..