Real Estate forms one of the strategic asset class to make long term investments of the Fund. The focus of real estate development is on building commercial and residential spaces that yield return on investments necessary to generate a sustainable rate of returns on the members’ fund. Besides the development of infrastructure, the management of these assets are carried out in house by a team of maintenance staff.
All tenants of the NPPF commercial and residential units are required to pay rent on or before the 10th day of the following/ensuing month directly to the Bank or its branches indicated in the tenancy agreement using the preprinted/pre-numbered rent invoices supplied by the NPPF or as per the directives or procedures prescribed by the NPPF from time to time. Failure to pay the monthly rent within the stipulated deadline shall attract penalties as per the terms and conditions of the lease agreement.