NBCC (India) Ltd. and Pantheon Development Forge Landmark MoU to Redefine India–UAE Real Estate Landscape
NBCC (India) Ltd., a Government of India Navratna enterprise, has signed a strategic Memorandum of Understanding (MoU) with Pantheon Elysee Real Estate Development LLC to co-develop major residential, hospitality, and community projects across the UAE.
Real EstateNbccPantheon DevelopmentIndiauaeStrategic PartnershipReal EstateNov 07, 2025
Under the partnership, Pantheon will lead project ideation, financing, and market development, while NBCC will leverage its global engineering, procurement, and construction expertise to ensure precision, sustainability, and on-time delivery. Together, the two organizations will explore opportunities to co-develop major residential, hospitality, and community projects across the Emirates.
Shri K. P. Mahadevaswamy, Chairman and Managing Director of NBCC (India) Ltd., said, “This collaboration with Pantheon Developments reinforces NBCC’s global growth trajectory. Our track record of completing landmark projects in India and abroad positions us perfectly to bring Indian engineering excellence to the UAE’s dynamic real estate landscape.” Mr. Kalpesh Kinariwala, Founder of Pantheon Development, added, “Partnering with a global powerhouse like NBCC aligns with our mission to scale Pantheon’s AED 3 billion pipeline of projects across Dubai and Ras Al Khaimah. This partnership is about more than construction — it’s about blending world-class engineering with our design-led approach to deliver affordable luxury that endures.”
The partnership aims to fast-track the delivery of sustainable, community-centric developments and strengthen bilateral cooperation between India and the UAE in the real estate and infrastructure sectors.
Notes for Editors
About Pantheon Development
Pantheon Development is a Dubai-based real estate developer redefining the “affordable luxury” segment through design-led communities such as Pantheon Elysee, Pantheon Voxa, and Pantheon ORC. With over AED 3 billion in upcoming developments across Dubai and Ras Al Khaimah, Pantheon is committed to building high-quality, sustainable, and innovative communities that deliver long-term value.
pantheondevelopment.ae
About NBCC (India) Ltd.
Established in 1960, NBCC (India) Ltd. is a Navratna Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs, Government of India, with a project portfolio exceeding INR 1.2 trillion (AED 53 billion). Operating across Project Management Consultancy, Real Estate Development, and EPC contracting, NBCC has executed iconic infrastructure and housing projects across India, the Maldives, Mauritius, and Africa, earning a global reputation for engineering precision and project delivery excellence.
nbccindia.in
(Disclaimer: The above content is a press release and PTI takes no editorial responsibility for the same.)
Frequently Asked Questions
What is the significance of the MoU between NBCC and Pantheon Development?
The MoU between NBCC and Pantheon Development is significant as it aims to strengthen India–UAE economic ties by co-developing major residential, hospitality, and community projects across the UAE, leveraging NBCC’s engineering expertise and Pantheon’s innovative approach to affordable luxury living.
What is NBCC (India) Ltd. known for?
NBCC (India) Ltd. is a Navratna Central Public Sector Enterprise known for its six-decade legacy in large-scale EPC and infrastructure delivery. It has a project portfolio exceeding INR 1.2 trillion and has executed iconic infrastructure and housing projects across India and other countries.
What is Pantheon Development's role in the partnership?
In the partnership, Pantheon Development will lead project ideation, financing, and market development. They are committed to building high-quality, sustainable, and innovative communities that deliver long-term value.
What are the key benefits of this collaboration?
The key benefits of this collaboration include fast-tracking the delivery of sustainable, community-centric developments, strengthening bilateral cooperation between India and the UAE, and combining world-class engineering with a design-led approach to deliver affordable luxury.
What are some of Pantheon Development's notable projects?
Some of Pantheon Development's notable projects include Pantheon Elysee, Pantheon Voxa, and Pantheon ORC. These projects are designed to redefine the 'affordable luxury' segment through innovative and sustainable community development.
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