NBCC Secures Rs 35 Bn Work Order for Mixed-Use Development in Lucknow

16 Jan 2025 CW Team

State-owned NBCC (India) Ltd has secured a Rs 3,500 crore work order for the development of a mixed-use project in Lucknow. In a regulatory filing made on Monday, NBCC announced it had signed a Memorandum of Understanding (MoU) with Sarkari Awas Nirman Avam Vitt Nigam Ltd, which will award the works for mixed land-use development at Poorvi Vihar, Lucknow, covering an area of 588 acres. NBCC has been appointed as the Project Management Consultant (PMC) for this large-scale project. As per the MoU, NBCC is tasked with taking possession of the site and handling the planning, design, and development of a 50-acre encumbrance-free site as Phase 1 of the project. The approximate value of this initial phase is Rs 3,500 crore.

NBCC will execute the project on a ‘deposit on work’ basis, with a 10% charge on the actual cost of the project, in addition to applicable GST and taxes. NBCC, primarily involved in Project Management Consultancy and real estate development, continues to strengthen its position in the infrastructure sector.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..