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NBCC signs MoU with HUDCO for INR 117 crore development projects across India

#Infrastructure News#Infrastructure#India
Last Updated : 24th Sep, 2025
Synopsis

NBCC (India) Ltd has signed a Memorandum of Understanding (MoU) with Housing and Urban Development Corporation Ltd (HUDCO) to execute development projects worth over INR 117 crore across Panchkula, Kaushambi, Ahmedabad, and New Delhi. Under the agreement, NBCC will construct a commercial complex, redevelop HUDCO land parcels, build new office blocks, and reconstruct residential flats at the Asian Games Village. All projects will be undertaken on a turnkey basis, reflecting NBCC's expertise in project management consultancy and real estate development, and supporting urban infrastructure growth.

NBCC (India) Ltd, a state-owned company specializing in project management consultancy and real estate development, has signed an MoU with HUDCO to develop multiple projects valued at more than INR 117 crore. The MoU was signed by Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and K P Mahadevaswamy, Chairman and Managing Director of NBCC.


As part of the agreement, NBCC will construct a commercial complex at Kaushambi in Ghaziabad and carry out an integrated redevelopment of HUDCO's land parcel in Panchkula, Haryana. The redevelopment will include modern planning and infrastructure upgrades aimed at improving the usability and efficiency of the site.

The company will also develop new office blocks at HUDCO's Regional Office in Ahmedabad, ensuring updated facilities to support administrative and operational functions. In addition, the agreement covers the reconstruction of residential flats at the Asian Games Village Complex in New Delhi, which will modernize living spaces and improve amenities for residents.

All these projects will be executed on a turnkey basis by NBCC, combining design, construction, and project management responsibilities. This approach allows for streamlined execution, better quality control, and timely delivery.

NBCC has extensive experience in handling large-scale urban and commercial projects. This collaboration with HUDCO reinforces the government's ongoing efforts to strengthen urban infrastructure and provide improved commercial and residential spaces in key cities. The projects are expected to bring better planning, modern facilities, and sustainable development practices to the areas involved.

Source PTI

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