NBCC (India) Limited has established a wholly-owned subsidiary, NBCC Overseas Real Estate LLC, in Dubai Mainland, UAE, to facilitate real estate transactions in the region.
Nbcc IndiaReal EstateDubaiSubsidiaryDipamReal Estate NewsMay 17, 2025
The purpose of NBCC Overseas Real Estate LLC is to engage in the buying and selling of real estate in the Dubai Mainland, UAE.
The RBI approval for Outward Direct Investment (ODI) is still awaited for the establishment of the subsidiary.
NBCC (India) Ltd has successfully sold 446 residential units at Aspire Silicon City, PH-IV at Sec-76, Noida, U.P., through an e-auction, with a total sale value of approximately Rs. 1,467.93 crores.
Shares of NBCC (India) Ltd surged by 3.86% to Rs 110.84 following the announcement of the new subsidiary.
The 52-week high for NBCC (India) Ltd's stock is Rs 139.83.
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