NBCC and MTNL Join Forces for a ₹1,600 Crore Real Estate Project in New Delhi
NBCC and MTNL collaborate for a massive real estate project in New Delhi, valued at ₹1,600 crore. The project aims to transform a 13.88-acre land parcel into residential and commercial space.
Real EstateNbccMtnlNew DelhiPublicprivate CollaborationReal Estate NewsSep 11, 2024
This project aims to transform the land into a state of the art residential/commercial space, leveraging the expertise and resources of both organizations. The development aims to leverage NBCC's construction and development experience along with MTNL's strategic asset base to create a modern and dynamic property.
This partnership highlights the growing trend of public-private collaborations in India's real estate sector, aimed at revitalizing key urban areas and maximizing 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.
Information
NBCC (India) Limited is a blue-chip Government of India Navratna Enterprise and a leader in the construction and development sector. The company has a strong presence in the real estate sector, with a portfolio of projects across the country.
Mahanagar Telephone Nigam Limited (MTNL) is a state-owned telecommunications company that provides a range of services, including landline and mobile phone services. The company has a significant presence in the real estate sector, with a large portfolio of properties across the country.
NBCC (India) Limited is a Navratna Enterprise and a leader in the construction and development sector. The company has a strong presence in the real estate sector, with a portfolio of projects across the country.
MTNL is a state-owned telecommunications company that provides a range of services, including landline and mobile phone services. The company has a significant presence in the real estate sector, with a large portfolio of properties across the country.
Frequently Asked Questions
What is the value of the real estate project?
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 real estate project?
The project is located on Pankha Road, New Delhi.
What type of development is planned for the project?
The project will offer a mix of high-quality residential units and commercial facilities.
What is the significance of the project?
The project highlights the growing trend of public-private collaborations in India's real estate sector, aimed at revitalizing key urban areas and maximizing the potential of underutilized assets.
Related News Articles
Former MahaRERA Chief Highlights Real Estate 'Horror Stories' and Future Trends
Ajoy Mehta, a retired IAS officer and former chairman of MahaRERA, highlights the 'horror stories' in the real estate sector, including unapproved projects and diverted funds. He also discusses the future trends, particularly the shift towards rental hous
Real Estate Company Surges 13% on 321% Revenue Growth in Q3
The shares of a leading real estate company surged by up to 13 percent after the company reported a 321% year-over-year (YoY) revenue growth in the third quarter, along with a 122% increase in net profit.
Dombivli Families Face Uncertainty Amidst EMIs and KDMC’s Demolition Threat
Hundreds of families in Dombivli, Maharashtra, are caught between the financial burden of mounting EMIs and the looming threat of demolition by the Kalyan-Dombivli Municipal Corporation (KDMC). The situation raises questions about the regulatory oversight
Trump Organization Launches Iconic Real Estate Project in Pune
The Trump Organization, in collaboration with Mumbai-based Tribeca Developers and Pune-based Kundan Spaces, has unveiled the Trump World Center in Pune's Koregaon Park, marking a significant entry into India's commercial real estate market.
20% Upper Circuit: Vardhman Textiles and 14 Other Stocks Reaching Highs Today
Vardhman Textiles and 14 other stocks have hit their 20% upper circuit today, reflecting strong market confidence in these companies. The performance of these stocks highlights the positive sentiment in the market, particularly in sectors like textiles, real estate, and infrastructure.
Logicap and Mitsubishi Estate Extend JV for Industrial and Logistics Development in India
Logicap Management and Mitsubishi Estate Co. have expanded their partnership with a follow-on investment to develop 3.5 million sq ft of industrial and logistics infrastructure in India. This move underscores growing international investor confidence in India’s rapidly evolving logistics sector.