Tag: NBCC India

IndustryLatest Stories

NBCC to Launch ₹480 Crore Marine Eco City Phase-I in Kochi

I imagine a peaceful, sustainable Marine Eco City, where contemporary architecture blends beautifully with a turquoise waterfront. NEW DELHI: NBCC (India) is set to manage the first phase of the Marine Eco City project at Marine Drive in Kochi, serving as the project management consultant (PMC) for the Kerala State Housing Board (KSHB). The initial phase is estimated to cost approximately ₹480 crore. The Marine Eco City project will span 17.9 acres of waterfront land near the BPCL housing complex at Marine Drive. It is designed as a mixed-use development, integrating residential, commercial, and hospitality elements. NBCC will oversee the…

IndustryLatest Stories

DDA Grants ₹775 Crore Quarters Redevelopment to NBCC

Dilapidated DDA quarters beside a modern high-rise reflect Delhi’s urban transformation in the afternoon sun. NEW DELHI: State-run NBCC (India) has been awarded redevelopment contracts totaling approximately ₹775.27 crore from the Delhi Development Authority (DDA) for a complete overhaul of staff housing colonies in the capital. According to a regulatory filing, the contracts include the redevelopment of DDA staff quarters at Old Rajinder Nagar (ORN) worth about ₹437.79 crore and at Safdarjung Development Area (SDA) valued at ₹337.48 crore. The total project value, excluding GST, is ₹775.27 crore. The projects have been awarded under a project management consultancy (PMC) model…

Latest StoriesResidential

NBCC Auctions 417 Amrapali Aspire Units for ₹1,045 Crore

NEW DELHI: The state-owned NBCC (India) has wrapped up the e-auction for 417 residential units in two housing projects located in Noida and Greater Noida West, achieving a total sale value of approximately ₹1,045.4 crore, as stated in a regulatory filing by the company. The sold units are part of the Aspire Leisure Valley project in Greater Noida West, specifically in towers 7 and 8, as well as Aspire Silicon City, Phase IV in Sector 76, Noida, which comprises tower 5, under Sub-Package 4 of the project. According to the transaction agreement, NBCC will receive a marketing fee of 1%…

IndustryLatest Stories

NBCC India, Delhi Govt Resolve Ghitorni Land Dispute

Representative AI image NEW DELHI: The state-owned NBCC (India) Ltd has finalized a settlement with the Government of National Capital Territory of Delhi (GNCTD) to resolve long-standing litigation regarding a 42.46-acre land parcel in Sultanpur–Ghitorni village, south Delhi. As part of the agreement, the land will be split evenly between NBCC and GNCTD, with the company receiving a 21.23-acre portion. NBCC is set to pay a one-time land premium of ₹135 crore, joined by a lump-sum interest of ₹15 crore, totaling ₹150 crore to the GNCTD’s Land & Building Department for dues related to its share of the land. Additionally,…

IndustryLatest Stories

NBCC Launches Real Estate Operations in Dubai

NEW DELHI: NBCC (India) has launched its international real estate ventures in Dubai through its wholly-owned subsidiary, NBCC Overseas Real Estate LLC. This subsidiary has acquired a land parcel in Dubai Mainland for AED 16 million, which includes AED 1 million for DLD, brokerage, and other associated costs, aimed at a mixed-use development. The development will have a Gross Floor Area (GFA) of 51,718 sq ft, featuring a configuration of G+2P+8 floors, with expected project revenue in the range of AED 58-60 million. Additionally, NBCC announced signing a memorandum of understanding (MoU) with the Mumbai Port Authority (MbPA) for the…

IndustryLatest Stories

AU Real Estate Secures Selling Rights for Aspire Leisure Valley 2

Representative AI image NEW DELHI: AU Real Estate has secured the selling rights for Aspire Leisure Valley, a residential project by NBCC (India), through a ₹1,069 crore deal that also includes Aspire Centurion Park. Earlier this year, in May 2025, AU Real Estate obtained sales rights for Aspire Silicon City valued at ₹1,467.93 crore. Following this acquisition, the company has launched Aspire Leisure Valley in Greater Noida West at an introductory rate of ₹7,979 per sq ft. The project is under the supervision of the Supreme Court of India, with construction managed by Capacite Infraprojects. Published On Nov 18, 2025…

Latest StoriesRera

Delhi RERA Includes 2008 Project After Partial OC from MCD

GURUGRAM: The Delhi Real Estate Regulatory Authority (RERA) has mandated state-run NBCC Ltd to register its NBCC Plaza Complex at Saket—a completed property where allottees received possession 17 years ago—as an ‘ongoing project’ under the RERA Act of 2016. This directive, issued by a majority bench led by Chairperson Anand Kumar and Member Ajay Kumar Kuhar, followed a complaint from Gurgaon-based Rajeshwari Realty Pvt Ltd, one of the major stakeholders in the project. The complaint highlighted that NBCC failed to execute conveyance deeds, form an association of allottees, and manage common areas—key obligations outlined under the RERA framework. The bench…

IndustryLatest Stories

Goa Cabinet Approves NBCC Sale of 1.5 Lakh Sq M of Land

PANAJI: The National Building Construction Corporation (NBCC) (India) Ltd has received approval to sell over 1.5 lakh sqm of built-up area in a prime location, primarily in Panaji, owned by the government of Goa. This amounts to more than double the built-up area assigned for the construction and redevelopment of seven projects undertaken by NBCC, which will include hotels, apartments, and office spaces for sale. The total area for these projects exceeds 77,000 sqm, with a built-up area of over 2.1 lakh sqm. The government will retain more than 62,000 sqm of built-up area, while the saleable area stands at…

Latest StoriesResidential

NBCC Requests Approval to Demolish Six Unsafe Towers in Gurugram

GURUGRAM: NBCC (India) Ltd, a government-run company, is advocating for the demolition of the remaining unsafe structures within the Green View housing project located in Sector 37D. After previously demolishing part of the project upon its designation as uninhabitable in 2022, the company has requested additional permissions from the Department of Town and Country Planning (DTCP) to raze six more towers. Earlier this year, DTCP approved the demolition of three towers (E, F, and G), which are currently undergoing dismantling. NBCC officials emphasize the importance of timely approval to avert any potential accidents, as the remaining structures pose a significant…

CommercialLatest Stories

NBCC Partners with NMRDA to Develop Naveen Nagpur

NEW DELHI: NBCC (India) has entered into a memorandum of understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA) to develop Naveen Nagpur, envisioned as the International Business & Finance Center (IBFC) in the metropolitan area. Naveen Nagpur will encompass approximately 1,710 acres (692 hectares), with the business district occupying about 1,000 acres and leaving 710 acres for future growth. The initiative aims to establish commercial facilities for startups, MSMEs, IT firms, and offices, alongside residential and mixed-use projects. NBCC has been designated as the project management consultant for the 1,000 acres earmarked for the business district. The execution…