NBCC Secures Rs 2.62 Bn Contract to Redevelop Housing Project for MEA

21 Feb 2024 CW Team

The housing project earmarked for redevelopment holds strategic importance for the MEA, and NBCC's selection for the contract signifies the company's proven track record in delivering complex and significant projects. The Rs 262 crore investment in this redevelopment initiative reflects the government's commitment to upgrading and modernising infrastructure to meet contemporary standards.

The scope of the redevelopment project is likely to encompass various facets, including architectural enhancements, modern amenities, and sustainable design elements. NBCC's expertise in managing such comprehensive projects positions the company as a reliable partner for government initiatives that aim to improve living standards and infrastructure efficiency.

As NBCC takes charge of this housing project for the MEA, stakeholders, including government officials, residents, and the construction industry, will closely monitor the progress and outcomes of the redevelopment. The contract further solidifies NBCC's role as a catalyst for transformative urban development, aligning with the broader national agenda for modernising infrastructure.

The significant investment in the redevelopment project not only fosters economic activity but also contributes to the overall urban development goals of the government. The infusion of Rs 2.62 billion emphasises the importance of strategic partnerships with competent entities like NBCC to achieve the desired outcomes in infrastructure revitalization.

NBCC's role in the redevelopment of the MEA housing project stands as a testament to its capabilities in managing large-scale, high-impact projects. The contract represents a collaborative effort between the public and private sectors to create modern, sustainable, and efficient infrastructure that meets the evolving needs of government agencies and their stakeholders.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

NBCC (India) has secured a substantial contract valued at Rs 2.62 billion for the redevelopment of a housing project commissioned by the Ministry of External Affairs (MEA). This achievement underscores NBCC's competency in handling crucial infrastructure projects and reinforces its position as a key player in the construction and redevelopment sector. The housing project earmarked for redevelopment holds strategic importance for the MEA, and NBCC's selection for the contract signifies the company's proven track record in delivering complex and significant projects. The Rs 262 crore investment in this redevelopment initiative reflects the government's commitment to upgrading and modernising infrastructure to meet contemporary standards. The scope of the redevelopment project is likely to encompass various facets, including architectural enhancements, modern amenities, and sustainable design elements. NBCC's expertise in managing such comprehensive projects positions the company as a reliable partner for government initiatives that aim to improve living standards and infrastructure efficiency. As NBCC takes charge of this housing project for the MEA, stakeholders, including government officials, residents, and the construction industry, will closely monitor the progress and outcomes of the redevelopment. The contract further solidifies NBCC's role as a catalyst for transformative urban development, aligning with the broader national agenda for modernising infrastructure. The significant investment in the redevelopment project not only fosters economic activity but also contributes to the overall urban development goals of the government. The infusion of Rs 2.62 billion emphasises the importance of strategic partnerships with competent entities like NBCC to achieve the desired outcomes in infrastructure revitalization. NBCC's role in the redevelopment of the MEA housing project stands as a testament to its capabilities in managing large-scale, high-impact projects. The contract represents a collaborative effort between the public and private sectors to create modern, sustainable, and efficient infrastructure that meets the evolving needs of government agencies and their stakeholders.

Resources

08 Sep 2025

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Real Estate

08 Sep 2025

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Real Estate

08 Sep 2025

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..