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NBCC (India) has signed a strategic MOU with M/s PANTHEON ELYSEE REAL ESTATE DEVELOPMENT LLC., a leading Real Estate Developer in Dubai U.A.E, for execution of construction and development works related to real estate project in United Arab Emirates (UAE).
Through this MOU, the parties are establishing the intent to collaborate strategically on mutual areas of interest, joint development, project management, infrastructure development, high-quality residential, hospitality, and mixed-use projects across the UAE.
The contract, awarded by Heavy Vehicles Factory, is entirely domestic in nature and further reinforces NBCC’s position as a leading player in the project management consultancy sector.
In a separate filing, the company announced the signing of a strategic memorandum of understanding (MoU) with Goldfields Commercials Pty, a leading real estate developer in Australia. The MoU aims to identify, develop, and execute real estate, housing, infrastructure, and redevelopment projects in Australia. Both parties intend to collaborate on joint development, project management, infrastructure development, and housing construction initiatives.
NBCC (India) is in business and operates in three major segments, namely project management consultancy, real estate, and engineering procurement & construction. The company's consolidated net profit advanced 26.3% to Rs 132.13 crore on a 11.6% rise in revenue from operations to Rs 2,391.19 crore in Q1 FY26 over Q1 FY25.
Shares of Housing and Urban Development Corp added 0.98% to Rs 231.29 on the BSE.
Under the terms of the MoU, NBCC will undertake four key infrastructure and development projects across different cities. These include the development of a commercial plot in Kaushambi, Ghaziabad (Rs 23.08 crore), the development of a HUDCO-owned plot in Panchkula, Haryana (Rs 26.92 crore), the construction of additional blocks at HUDCO’s regional office in Ahmedabad, Gujarat (Rs 63.36 crore), and the reconstruction of flats at the Asian Games Village Complex in New Delhi (Rs 3.65 crore).
The total estimated value of the awarded projects stands at Rs 117 crore. The initiative aims to enhance urban infrastructure and effectively utilize HUDCO’s real estate assets in prime urban locations.
NBCC (India) is in business and operates in three major segments, namely project management consultancy, real estate, and engineering procurement & construction.
Housing & Urban Development Corporation (HUDCO) is primarily engaged in the business of financing housing and urban development activities in the country.
Shares of NBCC (India) added 0.73% to Rs 111.64 on the BSE.