State-owned NBCC Ltd has secured a major contract to design, build, and market a 95-acre mixed-use real estate development in Rajasthan, with a projected investment of approximately Rs 37 billion.

In a regulatory filing made on Monday, NBCC stated that it has been appointed as the lead agency for the integrated project, which will include the Rajasthan Mandapam Convention Centre, a Global Capability Centre (GCC) Tower, an IT Tower, luxury hotels, and new commercial and residential infrastructure.

The development will take place on a 95-acre land parcel allotted by the Rajasthan State Industrial Development & Investment Corporation (RIICO). The site is strategically located along the B2 Bypass on Tonk Road, offering strong connectivity and potential for urban expansion.

NBCC’s role will encompass end-to-end execution, from master planning and design to construction and marketing. The project is expected to contribute to the region’s economic growth and bolster Rajasthan’s appeal as a destination for IT, hospitality, and commercial investments.