NBCC Secures Rs 35 Billion Project for Mixed-Use Development in Lucknow

14 Jan 2025 CW Team

State-owned NBCC (India) Ltd has secured a Rs 35 billion work order for the development of a mixed-use project in Lucknow. In a regulatory filing on Monday, NBCC announced the signing of a Memorandum of Understanding (MoU) with Sarkari Awas Nirman Avam Vitt Nigam Ltd, which entrusts NBCC with the execution of the mixed-use development of Poorvi Vihar, a 588-acre site, as the Project Management Consultant (PMC).

As per the MoU, NBCC will handle all tasks as stipulated in the agreement. The first phase of the project involves taking possession and planning, designing, and developing a 50-acre encumbrance-free site valued at approximately Rs 35 billion.

The project will be executed on a "deposit work" basis, with NBCC charging 10% of the actual project cost as agency fees, plus applicable GST and other taxes.

NBCC, a prominent player in project management consultancy and real estate development, expressed confidence in completing the work as per the agreed terms.

(ET)

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..