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
Chennai Real Estate Market Witnesses Mixed Performance in Q1 2024
Chennai's real estate market saw a 28% increase in new project registrations in Q1 2024, but sales dropped by 44%. South Chennai led the way in new project launches.
M3M Sees 37% Surge in Q1 Sales as Housing Demand Picks Up
Real estate company M3M India reports a 37% increase in sales of residential and commercial properties in Q1, driven by strong demand for housing.
Greece's Golden Visa Program Sees Major Adjustment: Investment Threshold Doubles to €800,000
Greece's Golden Visa program has undergone a significant change, increasing the investment threshold to €800,000 in a bid to curb excessive pressure on the real estate market in popular regions.
Amitabh and Abhishek Bachchan Invest ₹25 Crore in Mumbai’s Mulund West Real Estate
Bollywood icons Amitabh Bachchan and his son Abhishek Bachchan have made a significant real estate investment, purchasing properties worth ₹24.95 crore in Mumbai’s Mulund West.
How REITs and Fractional Ownership are Reshaping the Real Estate Market
With minimum investment thresholds ranging from Rs 10-25 lakh, retail investors now have the opportunity to participate in the real estate market with limited capital.
J&K Government Establishes JK RERA Authority: A New Milestone in Real Estate Regulation
The Jammu and Kashmir (J&K) government has constituted the J&K Real Estate Regulatory Authority (JKRERA), effective from December 16, 2024, to enhance transparency and accountability in the real estate sector.