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

28 Mar 2025 CW Team

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

Infrastructure Transport

18 Sep 2025

Kurla Gets New Elevated Harbour Line Station

Mumbai’s suburban railway network has taken a major step forward with the construction of a new elevated Harbour Line station at Kurla, part of the 5th and 6th line corridor. Over the weekend, Central Railway conducted a 14.5-hour mega block to divert tracks between Kurla and Tilak Nagar, clearing the way for the project.The tracks were shifted westwards to accommodate the elevated station, which will handle both regular Harbour Line services and trains originating or terminating at Kurla. Kurla, a key interchange hub, links the Harbour Line from CSMT to Navi Mumbai and Panvel with the Centr..

India Plans 500 km Rail Expansion Along Northeastern Frontier

India is set to strengthen its northeastern frontier with the construction of 500 kilometres of new rail lines, including bridges and tunnels, to improve connectivity, accelerate logistics, and ensure military readiness along borders with China, Bangladesh, Myanmar, and Bhutan. The project is expected to cost Rs 300 billion ($3.4 billion) and is targeted for completion within four years.Though relations with China have recently improved, the infrastructure push reflects India’s long-term contingency planning amid a history of cycles of rapprochement and tension. The new rail corridors will c..

BlackRock Leases Bengaluru Office for Rs 410 Billion

BlackRock Services India Pvt Ltd, the Indian arm of global asset manager BlackRock Inc, has leased 1.43 lakh sq ft of office space in Bengaluru’s Ashok Nagar for Rs 410 billion over a 10-year period, according to property registration documents accessed by Propstack.The commercial space, located in KNG Tower 1 and leased from IndiQube Space Limited, covers the ground floor and five additional floors. The monthly rent is set at Rs 2.72 billion at Rs 190 per sq ft, with an annual escalation of 5 per cent. A security deposit of Rs 21.75 billion has been paid. The lease transaction was registere..