NBCC Secures Rs 7,752.7 Million DDA Redevelopment Orders

06 Mar 2026 CW Team

NBCC (India) Limited has been awarded redevelopment contracts by the Delhi Development Authority totalling Rs 7,752.7 million (mn) for staff quarters in New Delhi. The figure represents the aggregate of two orders received in February 2026 and excludes GST and marketing fees to be determined later. The award reinforces NBCC's role in urban renewal and project management consultancy for public housing.

The larger assignment pertains to comprehensive redevelopment at Old Rajinder Nagar valued at Rs 4,377.9 mn, while the second order for Safdarjung Development Area stands at Rs 3,374.8 mn. The filings indicate both contracts were granted in the ordinary course of business and fall under project management consultancy services. The company has no related party transactions in relation to these awards.

Under the Old Rajinder Nagar scheme NBCC will redevelop 117 dwelling units with an envisaged built-up area of around 99,635 square metres, excluding external development, and final area will be subject to detailed survey and approval. At Safdarjung Development Area the project will replace 152 dwelling units with a proposed built-up area of about 65,925 square metres, also pending final approval after submission of a detailed project report. Both projects therefore proceed to detailed design and regulatory clearance before execution.

The redevelopment work will follow a self-sustainable model agreed under a memorandum of understanding between NBCC and DDA whereby a portion of developed built-up area will be sold to generate funds for project execution and the remainder will be handed back for staff use. The contracts are domestic in nature and are expected to deepen NBCC’s urban redevelopment portfolio in the capital. The company has not specified a timeline for execution in its stock exchange filing.

Products

20 Apr 2026

OrnaMatte Brings Premium Matte Finishes to Modern Interiors

Action TESA has introduced OrnaMatte, a curated range of 38 matte finishes designed for contemporary interior surfaces. The new offering combines premium aesthetics with practical performance, reflecting the growing demand for surface solutions that balance design appeal with durability. The company said matte finishes continue to gain popularity for their understated, elegant look across modern interiors. OrnaMatte features anti-fingerprint properties, a velvety satin feel, near-zero gloss and 3H scratch resistance, making it suitable for long-term use in residential and commercial spaces. ..

Vestian reports 36% drop in construction activity in Q1

Vestian reported a 36 per cent quarter-on-quarter decline in new office completions to 9.7 million sq ft in Q1 2026, marking the lowest level in the past four quarters amid the West Asia crisis.The slowdown was led by cities such as Bengaluru, Hyderabad and Mumbai, where developers adopted a cautious approach. Hyderabad saw the steepest drop, with completions falling 95 per cent to 0.3 million sq ft from 6.0 million sq ft in the previous quarter.Despite constrained supply, office absorption rose 20 per cent year-on-year to 21.53 million sq ft, driven by sustained demand from global capability ..

fäm Properties reports 95% sales in Dubai 2026 supply

Data from DXBinteract shows that 41,015 of 43,217 units due this year have already been sold. Across the 2026–2029 pipeline, 71.45 per cent of 426,182 units have been committed, indicating sustained absorption levels.The analysis highlights strong demand across leading developers, with several reporting near or full sell-outs. Emaar and Meraas have sold over 99 per cent of their 2026 inventory, while Dubai Holding and Meydan projects are fully sold.Commenting on the trend, Firas Al Msaddi, CEO, fam Properties, said, “Dubai continues to demonstrate a level of forward demand that is structur..