NBCC and MAHAPREIT Ink Rs 250 Bn MoU for Housing and Urban Works
Real Estate

NBCC and MAHAPREIT Ink Rs 250 Bn MoU for Housing and Urban Works

State-owned NBCC has signed a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to jointly execute housing and urban development projects in Maharashtra worth an estimated Rs 250 billion.

The strategic collaboration between the two entities will focus on a wide range of consultancy, fee-based, engineering-procurement-construction (EPC), and redevelopment projects—right from the conceptual stage to final execution. This marks NBCC’s entry into redevelopment projects in Maharashtra, following its successful implementation of a similar model in Delhi.

As part of this partnership, NBCC and MAHAPREIT will work together on key infrastructure initiatives across the state. These include cluster development projects in the Thane Municipal Corporation, development of data centres, implementation of renewable energy projects, slum rehabilitation initiatives within the Mumbai Metropolitan Region (MMR), and residential housing schemes under the Pradhan Mantri Awas Yojana (PMAY).

The planned projects are expected to be rolled out in phases over the next three to five years. The MoU was formalised by senior officials from both organisations, including Pradeep Sharma, Executive Director, NBCC, and Murthy PRK, Project Director, MAHAPREIT. The signing ceremony was attended by K P Mahadevaswamy, Chairman and Managing Director, NBCC, and Bipin Shrimali, Managing Director, MAHAPREIT.

NBCC, a central public sector enterprise, operates primarily in the Project Management Consultancy (PMC) and real estate sectors. The collaboration is expected to significantly contribute to Maharashtra’s infrastructure and urban development goals.

News source: Business Standard

State-owned NBCC has signed a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to jointly execute housing and urban development projects in Maharashtra worth an estimated Rs 250 billion. The strategic collaboration between the two entities will focus on a wide range of consultancy, fee-based, engineering-procurement-construction (EPC), and redevelopment projects—right from the conceptual stage to final execution. This marks NBCC’s entry into redevelopment projects in Maharashtra, following its successful implementation of a similar model in Delhi. As part of this partnership, NBCC and MAHAPREIT will work together on key infrastructure initiatives across the state. These include cluster development projects in the Thane Municipal Corporation, development of data centres, implementation of renewable energy projects, slum rehabilitation initiatives within the Mumbai Metropolitan Region (MMR), and residential housing schemes under the Pradhan Mantri Awas Yojana (PMAY). The planned projects are expected to be rolled out in phases over the next three to five years. The MoU was formalised by senior officials from both organisations, including Pradeep Sharma, Executive Director, NBCC, and Murthy PRK, Project Director, MAHAPREIT. The signing ceremony was attended by K P Mahadevaswamy, Chairman and Managing Director, NBCC, and Bipin Shrimali, Managing Director, MAHAPREIT. NBCC, a central public sector enterprise, operates primarily in the Project Management Consultancy (PMC) and real estate sectors. The collaboration is expected to significantly contribute to Maharashtra’s infrastructure and urban development goals. News source: Business Standard

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?