NBCC India Expands to Dubai with New Real Estate Subsidiary
NBCC (India) Limited has established a wholly-owned subsidiary in Dubai, NBCC Overseas Real Estate LLC, to facilitate real estate transactions in the UAE. This move is part of the company's strategic expansion plans.
NbccReal EstateDubaiSubsidiaryExpansionReal Estate NewsMay 17, 2025
Frequently Asked Questions
What is NBCC (India) Limited? A: NBCC (India) Limited is a public sector undertaking (PSU) under the Ministry of Housing and Urban Affairs, Government of India. It is one of the leading construction and real estate companies in the country, known for its diverse portfolio of projects. Q: Why did NBCC (India) Limited form a subsidiary in Dubai? A: NBCC (India) Limited formed a subsidiary in Dubai to facilitate real estate transactions and tap into the robust real estate market in the UAE. This move is part of the company's strategic expansion plans. Q: What is the name of the new subsidiary in Dubai? A: The new subsidiary in Dubai is called NBCC Overseas Real Estate LLC. Q: What approvals are still awaited for the new subsidiary? A: The RBI-ODI approval is still awaited for the new subsidiary, NBCC Overseas Real Estate LLC. Q: How has the stock market reacted to this news? A: The stock market has reacted positively to this news, with shares of NBCC (India) Ltd surging over by 3.86% to Rs 110.84.
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