NBCC Secures Rs 710 Crore Contract for Jhansi Land Development Project
NBCC has bagged a Rs 710 crore contract to develop two land parcels in Jhansi, Uttar Pradesh. The project includes construction, planning, and marketing of the developed areas.
NbccJhansi Land DevelopmentReal EstateConstructionProject ManagementReal Estate MumbaiAug 12, 2024
The company has recently signed a Memorandum of Understanding (MoU) with Jhansi Development Authority (JDA) to undertake the development of land parcels in Jhansi. The MoU was signed by Alok Yadav, Vice Chairman, JDA, and Pradeep Sharma, Executive Director, NBCC.
Following the signing of the agreement, a strategic meeting was held with Bimal Dubey, Commissioner/Chairman, JDA, to discuss the project's scope and implementation strategy.
The project encompasses the construction of two major land parcels in Jhansi. The first land parcel, measuring 12.28 acres, is located on Jhansi-Kanpur Highway, Jhansi. The second land parcel, measuring 1.07 acres, is situated in the medical compound, College Road, Kanpur Road, Jhansi.
As per the agreement, NBCC will be responsible for the comprehensive planning, design, construction, and marketing of the developed areas. The development will be executed on a revenue generation model.
NBCC's role will include providing project management consultancy (PMC) services and marketing consultancy services.
About NBCC
NBCC (India) Limited is a Navratna enterprise under the Ministry of Housing and Urban Affairs, Government of India. The company is a leader in the construction sector, with expertise in the fields of project management, civil construction, and real estate development.
About Jhansi Development Authority
Jhansi Development Authority (JDA) is a nodal agency responsible for the development of Jhansi city. The authority is responsible for planning, designing, and implementing various development projects in the city.
Frequently Asked Questions
What is the value of the contract secured by NBCC for the Jhansi land development project?
The value of the contract is approximately Rs 710 crore.
What are the locations of the two land parcels to be developed by NBCC?
The first land parcel is located on Jhansi-Kanpur Highway, Jhansi, and the second land parcel is situated in the medical compound, College Road, Kanpur Road, Jhansi.
What services will NBCC provide for the project?
NBCC will provide project management consultancy (PMC) services and marketing consultancy services.
What is the development model for the project?
The development will be executed on a revenue generation model.
Who signed the MoU between NBCC and Jhansi Development Authority?
The MoU was signed by Alok Yadav, Vice Chairman, JDA, and Pradeep Sharma, Executive Director, NBCC.
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora