NCCCL Secures ₹112.5 Crore Contract from Lodha Developers for Alibaug Project

The New Consolidated Construction Company Ltd (NCCCL) has received a significant order valued at ₹112.5 crore from Lodha Developers Ltd to undertake construction activities. This contract adds another milestone to the company's rapidly growing order book and further strengthens its long-standing association with one of India's leading real estate developers.

In a regulatory filing to the stock exchanges and an official statement, NCCCL announced that it has received a Letter of Award (LoA) for the development of Tower 1 along with associated non-tower ancillary structures at a residential development project in Alibaug, near Mumbai. The contract was awarded through a competitive bidding process, highlighting NCCCL's execution capabilities and competitive positioning in the construction sector.

The project involves a built-up area of 7.26 lakh square feet, with the contract value estimated at ₹112.5 crore, plus GST. Construction at Alibaug is expected to commence around the middle of January 2026 and is anticipated to be completed within 24 months.

Lodha Developers' broader strategy includes expanding its footprint in premium residential destinations beyond the core urban areas of Mumbai. Alibaug has emerged as a preferred second-home and luxury residential market, driven by improved connectivity, lifestyle demand, and proximity to Mumbai. This project is part of Lodha Developers' efforts to capitalize on the growing interest in such locations.

This is NCCCL’s third major project with the Lodha Group. Previously, the company successfully completed a significant residential project at Palava, involving around 13 lakh square feet of construction work in 11 towers. Additionally, NCCCL has completed another commercial project for Lodha Developers at Thane. The repeat order underscores the trust Lodha Developers has in NCCCL’s construction capabilities.

Founded in 1946, NCCCL is an established engineering and construction firm headquartered in Mumbai. The company has a long history of experience in the residential, commercial, industrial, and institutional spaces. Over the years, NCCCL has built a reputation for undertaking and completing challenging projects in both dense urban areas and emerging growth corridors.

The awarding of new contracts reflects the strong demand in the residential property market, especially as developers focus on execution guarantees and collaborate with experienced contractors. The increased scrutiny on matters such as cost-effectiveness, timelines, and compliance has made it crucial for developers to partner with reliable construction firms like NCCCL.

NCCCL, which specializes in creating infrastructure for buildings, is poised to benefit from the recent contractual agreement. This will ensure a steady income stream for the next two years and solidify its position in the highly developing real estate market in Maharashtra. The company is also exploring opportunities in developing residential and mixed-use properties, as developers continue to launch new projects despite a positive shift in consumer sentiment.

With several development projects underway and an encouraging order book, NCCCL is well-positioned to capitalize on the growth in the Indian real estate and construction sector.