NBCC to Develop Rs 117 Crore HUDCO Projects in Major Cities
State-owned NBCC (India) Ltd has signed an MoU with HUDCO to develop transformative projects worth Rs 117 crore in Panchkula, Kaushambi, Ahmedabad, and New Delhi. The projects include a commercial complex, integrated redevelopment, and residential flat reconstruction.
NbccHudcoReal EstateProject DevelopmentUrban DevelopmentReal EstateSep 22, 2025
In a statement on Monday, NBCC announced the signing of a Memorandum of Understanding (MoU) with the Housing and Urban Development Corporation Ltd (HUDCO). The MoU was signed by Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and K P Mahadevaswamy, Chairman and Managing Director of NBCC.
Under this agreement, NBCC will undertake several significant projects. These include the development of a commercial complex at Kaushambi in Ghaziabad, an integrated redevelopment of HUDCO's land parcel at Panchkula in Haryana, and the construction of new blocks at HUDCO's Regional Office in Ahmedabad. Additionally, the agreement includes the reconstruction of residential flats at the Asian Games Village Complex in New Delhi.
Together, these projects represent a combined investment of more than Rs 117 crore and will be executed on a turnkey basis by NBCC. The projects aim to enhance the urban landscape and provide modern facilities in these key locations.
NBCC, a leading player in project management consultancy and real estate, has a strong track record of executing high-quality projects. This MoU with HUDCO further solidifies NBCC's commitment to contributing to the development of India's urban infrastructure.
The collaboration between NBCC and HUDCO is expected to bring about significant improvements in the areas of housing and urban development. The projects will not only enhance the living standards of the residents but also contribute to the economic growth of the regions involved.
For more information on NBCC and HUDCO, visit their official websites. NBCC is a state-owned enterprise known for its expertise in project management and real estate development. HUDCO, on the other hand, is a leading organization in the housing and urban development sector, focusing on the development of sustainable and affordable housing solutions.
Frequently Asked Questions
What is the total investment value of the projects?
The total investment value of the projects is more than Rs 117 crore.
Which cities are included in the projects?
The projects are being developed in Panchkula, Kaushambi, Ahmedabad, and New Delhi.
Who signed the MoU between NBCC and HUDCO?
The MoU was signed by Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and K P Mahadevaswamy, Chairman and Managing Director of NBCC.
What are the key projects under this agreement?
The key projects include the development of a commercial complex at Kaushambi, integrated redevelopment at Panchkula, construction of new blocks at HUDCO's Regional Office in Ahmedabad, and reconstruction of residential flats at the Asian Games Village Complex in New Delhi.
What is NBCC's role in these projects?
NBCC will execute these projects on a turnkey basis, ensuring the completion and delivery of the projects as per the agreed terms.
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