NBCC Enters Global Realty With Dubai Land Acquisition
Real Estate

NBCC Enters Global Realty With Dubai Land Acquisition

NBCC (India) Limited has made its first international real estate foray by acquiring a prime land parcel in Dubai, UAE, through its wholly owned subsidiary, NBCC Overseas Real Estate LLC. The move marks the public sector company’s entry into the global real estate market.

The acquired land measures 14,776.8 square feet and is valued at AED 15 million. NBCC plans to develop the plot as a mixed-use project, expanding its footprint beyond India and diversifying its real estate portfolio.

Company officials said the acquisition aligns with NBCC’s core business operations and its strategic objective of international diversification. The project is expected to strengthen the company’s presence in the UAE and support long-term growth by tapping into overseas real estate opportunities.

The development has been disclosed on NBCC’s official website. Deepti Gambhir, Company Secretary of NBCC, said the acquisition was undertaken in the normal course of business and reflects the company’s ambition to evolve into a global real estate player.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

NBCC (India) Limited has made its first international real estate foray by acquiring a prime land parcel in Dubai, UAE, through its wholly owned subsidiary, NBCC Overseas Real Estate LLC. The move marks the public sector company’s entry into the global real estate market. The acquired land measures 14,776.8 square feet and is valued at AED 15 million. NBCC plans to develop the plot as a mixed-use project, expanding its footprint beyond India and diversifying its real estate portfolio. Company officials said the acquisition aligns with NBCC’s core business operations and its strategic objective of international diversification. The project is expected to strengthen the company’s presence in the UAE and support long-term growth by tapping into overseas real estate opportunities. The development has been disclosed on NBCC’s official website. Deepti Gambhir, Company Secretary of NBCC, said the acquisition was undertaken in the normal course of business and reflects the company’s ambition to evolve into a global real estate player.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement