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.

Real Estate

07 Jul 2026

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..

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..

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..