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

NBCC India Expands to Dubai with New Real Estate Subsidiary
Real Estate News:New Delhi: Shares of Civil Construction PSU Firm, NBCC (India) Ltd, surged by 3.8% as the company has incorporated a wholly-owned subsidiary in Dubai Mainland, UAE, for real estate purposes. NBCC Overseas Real Estate LLC has been incorporated as a Wholly Owned Subsidiary of NBCC (India) Limited in Dubai Mainland, UAE. The Company has been incorporated for the buying and selling of real estate in the Dubai Mainland, according to the exchange. For this, the Department of Investment and Public Asset Management (DIPAM) reiterated their earlier approval for setting up a wholly-owned subsidiary of NBCC in Dubai through their OM dated 24th February 2025. Further, RBI-ODI approval is still awaited. According to the information shared by the Company, the newly incorporated unit came with an objective of executing the real estate business in mainland Dubai initially for buying and selling the real estate. This strategic move aims to tap into the robust real estate market in Dubai, which has been experiencing significant growth over the past few years. Additionally, in a separate filing, it has been stated that NBCC (India) Limited has successfully sold 446 residential units at Aspire Silicon City, PH-IV at Sec-76, Noida, U.P. through an e-auction at a total sale value of approximately Rs. 1,467.93 crores. This successful sale underscores the company's strong market presence and its ability to execute large-scale projects efficiently. Shares of NBCC (India) Ltd surged over by 3.86% to Rs 110.84. The stock opened today at Rs 107.16. It has corrected by 12.64% in the past one month. Meanwhile, the 52-week high is at Rs 139.83. The positive market reaction reflects investor confidence in the company's expansion plans and its ability to generate consistent returns. NBCC (India) Limited, a public sector undertaking (PSU) under the Ministry of Housing and Urban Affairs, Government of India, is one of the leading construction and real estate companies in the country. The company has a diverse portfolio of projects across various sectors, including residential, commercial, and infrastructure. The establishment of NBCC Overseas Real Estate LLC in Dubai is a significant step towards expanding its international footprint and leveraging the growing real estate opportunities in the UAE.

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.

Answer not available

Tags:

Related News Articles

India's Top 7 Cities See Significant Jump in Flat Sizes Over 5 Years
Real Estate Pune

India's Top 7 Cities See Significant Jump in Flat Sizes Over 5 Years

The average size of apartments in India's top 7 cities has increased by 32% over the past 5 years, with NCR leading the pack with a whopping 96% rise. Pune real estate, real estate supply, and residential property trends are also witnessing significant ch

August 12, 2024
Read Article
Should You Invest in PC Jeweller Shares? Expert Chandan Taparia Weighs In
real estate news

Should You Invest in PC Jeweller Shares? Expert Chandan Taparia Weighs In

Chandan Taparia of MOFSL shares his insights on PC Jeweller's stock performance and provides recommendations for investors.

September 24, 2024
Read Article
NTPC Green Energy's Rs 100 Billion IPO Likely in November First Week
Real Estate Mumbai

NTPC Green Energy's Rs 100 Billion IPO Likely in November First Week

NTPC Green Energy's initial public offering (IPO) is expected to hit the markets in the first week of November, according to sources. The company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in S

September 25, 2024
Read Article
Arpita Khan Sharma Sells Luxurious Duplex in Mumbai's Khar
Real Estate Mumbai

Arpita Khan Sharma Sells Luxurious Duplex in Mumbai's Khar

Mumbai real estate, Khar, luxury duplex, Navratri festival

October 19, 2024
Read Article
Shriram Properties to Partner with Local Firm for Pune Residential Project
Real Estate

Shriram Properties to Partner with Local Firm for Pune Residential Project

Shriram Properties, a leading real estate developer, has entered into a joint venture with a local firm to develop a new residential project in Pune. This collaboration aims to leverage both parties' expertise to create a high-quality residential complex

November 4, 2024
Read Article
Charles Kushner: Trump's Controversial Choice for French Ambassador
Real Estate

Charles Kushner: Trump's Controversial Choice for French Ambassador

President-elect Donald Trump has nominated Charles Kushner, a prominent real estate mogul and father-in-law of his son-in-law Jared Kushner, to serve as the next U.S. Ambassador to France.

November 30, 2024
Read Article