NBCC Signs Deal with RIICO for ₹3,700 Crore Jaipur Project


NEW DELHI: State-owned NBCC has signed a Memorandum of Understanding (MoU) with the Rajasthan State Industrial Development & Investment Corporation Ltd (RIICO) to develop a project worth ₹3,700 crore in Jaipur.

In a statement released on Thursday, NBCC announced the MoU with RIICO for the development of Rajasthan Mandapam and associated infrastructure near Jaipur International Airport.

The project is estimated to be around ₹3,700 crore. NBCC will serve as the Executing Agency for this 95-acre project.

According to the statement, “RIICO will provide NBCC with an initial interest-free advance of ₹50 crore, while NBCC will secure the remaining funds through the sale and lease of developed spaces and planned plots.”

PTI

  • Published On Sep 11, 2025 at 06:00 PM IST

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