NBCC and MTNL Join Forces for ₹1,600 Crore Real Estate Project in New Delhi
NBCC and MTNL partner to develop 13.88-acre land parcel on Pankha Road, New Delhi, into residential and commercial space.
Real EstateNbccMtnlIndiaNew DelhiReal EstateSep 11, 2024
The partnership between NBCC and MTNL highlights the growing trend of public-private collaborations in India's real estate sector. This collaboration aims to revitalize key urban areas and maximize the potential of underutilized assets. The project is expected to offer a mix of high-quality residential units and commercial facilities, contributing to the growth and modernization of New Delhi's real estate landscape.
With this project, NBCC will bring its construction and development expertise to the table, while MTNL will contribute its strategic asset base. This synergy is expected to result in a world-class residential and commercial complex that will set a new benchmark in the industry.
The project is a significant step forward for both NBCC and MTNL, as it marks a new chapter in their efforts to transform India's urban landscape. As the country's real estate sector continues to evolve, such collaborations are likely to play a key role in shaping its future.
Information
NBCC (India) Limited is a Navratna enterprise under the Ministry of Housing and Urban Affairs, Government of India. The company is a leading player in the real estate and construction sector, with a diverse portfolio of projects across the country.
Mahanagar Telephone Nigam Limited (MTNL) is a state-owned telecommunications service provider, operating in the Delhi and Mumbai circles. The company has a significant presence in the Indian telecommunications sector, with a large customer base and a wide range of services.
NBCC (India) Limited is a Navratna enterprise under the Ministry of Housing and Urban Affairs, Government of India. The company is a leading player in the real estate and construction sector, with a diverse portfolio of projects across the country.
Mahanagar Telephone Nigam Limited (MTNL) is a state-owned telecommunications service provider, operating in the Delhi and Mumbai circles. The company has a significant presence in the Indian telecommunications sector, with a large customer base and a wide range of services.
Frequently Asked Questions
What is the value of the real estate project in New Delhi?
The project is valued at around ₹1,600 crore.
Who are the partners in the real estate project?
NBCC (India) Limited and Mahanagar Telephone Nigam Limited (MTNL) are the partners in the project.
What is the location of the land parcel being developed?
The land parcel is located on Pankha Road, New Delhi.
What type of development is planned for the land parcel?
The project aims to develop the land parcel into residential and commercial space.
What is the expected outcome of the project?
The project is expected to contribute to the growth and modernization of New Delhi's real estate landscape.
Related News Articles
Reliance Industries Subsidiary Acquires Land for Industrial Development in Maharashtra
Reliance Industries, Maharashtra, Industrial Development, Real Estate, Smart City
A Peek into Amitabh Bachchan's Net Worth: Exploring Big B's Luxury, Assets, and Investments at 82
Amitabh Bachchan, often referred to as Big B, has built an impressive real estate portfolio and diverse investment portfolio over his decades-long career in the Indian film industry. As he turns 82, let's take a closer look at the wealth and assets of thi
Can You Buy a Property in Mumbai for ₹50 Lakh? The Surprising Truth
Discover what a ₹50 lakh budget can get you in Mumbai's luxury real estate market, where parking spaces can cost as much as a small apartment.
Cruz Azul's New Stadium Delayed Until 2031: What You Need to Know
Cruz Azul's plans for a new stadium have hit a significant snag, with the club now looking at a 2031 completion date due to various real estate and contractual challenges. Victor Velázquez, the team's executive, provides insight into the delay and what it means for the future.
Trehan Iris and Sarovar Hotels Unveil Luxury Hotel in Gurugram
Delhi NCR-based real estate developer Trehan Iris has collaborated with Sarovar Hotels to launch a premium hotel in New Gurugram, marking a significant milestone in the region's hospitality sector.
Top 5 REIT Mutual Funds to Watch in 2025
In 2025, Real Estate Investment Trusts (REITs) are emerging as a powerful tool for mutual funds to diversify portfolios and access India’s thriving commercial real estate market. With regulatory support and a maturing ecosystem, mutual funds are increasingly allocating higher proportions of assets into REITs.