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NBCC, appointed as the exclusive Executing Agency, will lead the transformation of a 95-acre prime land parcel. The scope of work includes master planning, architectural design, engineering, construction, and international-standard marketing.
The project will feature the Rajasthan Mandapam Convention Centre, Unity Mall, and various commercial and cultural infrastructure components, positioning Jaipur as a premier destination for global conventions and retail innovation.
RIICO will provide NBCC with an initial interest-free advance of Rs 50 crore. NBCC will mobilize the remaining funds through the sale and lease of built-up spaces and planned plots, while also leveraging public financial institutions as needed to ensure uninterrupted execution.
The project’s investments, including government financial support up to Rs 635 crore for the Rajasthan Mandapam, reflect the commitment to timely, transparent and accountable completion. A joint Empowered Committee will monitor progress, designs and milestones, ensuring rigorous oversight and quality.
The project is targeted for completion within 30 months upon receipt of statutory and internal approval.
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.
The counter added 0.01% to Rs 107.81 on the BSE.
NBCC (India) has signed a Memorandum of Understanding with Rajasthan State Industrial Development & Investment Corporation (RIICO) for the development of the prestigious Rajasthan Mandapam and allied infrastructure projects near Jaipur International Airport, Tonk Road, Jaipur. The project, valued at approximately Rs. 3,700 crore, marks a major milestone in the partnership between the Government of India and the Government of Rajasthan.
NBCC (India) Limited, appointed as the exclusive Executing Agency, will lead the transformation of a 95-acre prime land parcel through master planning, architectural design, engineering, construction and international-standard marketing. The project will feature the Rajasthan Mandapam Convention Center, Unity Mall and associated commercial and cultural infrastructure, positioning Jaipur as a premier destination for global conventions and retail innovation.
RIICO will provide NBCC an initial interest-free advance of Rs. 50 crore, while NBCC will mobilize the remaining funds through the sale and lease of built-up spaces and planned plots. NBCC will implement a robust, self-financing model and leverage public financial institutions when required for uninterrupted work.
The project's investments, including government financial support up to Rs. 635 crore for the Rajasthan Mandapam, reflect the commitment to timely, transparent and accountable completion. A joint Empowered Committee will monitor progress, designs and milestones, ensuring rigorous oversight and quality.
NBCC (India) announced that a Memorandum of Understanding (MoU) was signed between the company and the Nagpur Metropolitan Region Development Authority (NMRDA) on 08 September 2025 for the 'Development of Naveen Nagpur.'
NBCC has been appointed as the Project Management Consultant for the newly envisioned business district of Naveen Nagpur, covering an area of around 1,710 acres (692 Ha). The business district will be spread across 1000 acres, and 710 acres will be reserved for future expansion. Naveen Nagpur will be developed on a plug-and-play model featuring state-of-the-art infrastructure such as integrated underground utility tunnels, a district cooling system, automated waste collection, and a segregation plant. The project will focus on building commercial establishments for start-ups, MSMEs, IT companies, and commercial offices, along with residential and mixed-use developments aligned with town planning guidelines. The project is set to roll out in phases over the years.
The MOU marks a landmark step in advancing Naveen Nagpur as a planned Business and Finance Centre (IBFC), laying a strong foundation for its strategic growth and development.
The ambitious project, recently approved by the Government of Rajasthan’s cabinet, involves the creation of the Rajasthan Mandapam Convention Centre, a Global Capability Centre (GCC) Tower, an IT Tower, luxury hotels, and new commercial and residential infrastructure.
The overall investment for this transformative initiative is estimated at approximately Rs 3,700 crore.
A key highlight of the project is the Rajasthan Mandapam Convention Centre, planned to be developed on a 25-acre land parcel. The convention centre will feature over 2 lakh square meters of built-up area and is designed to accommodate 7,000 to 7,500 seats, aiming to establish itself as a world-class venue for national and international events.
This development is set to boost Rajasthan’s infrastructure, enhance business capabilities, and attract investments, reinforcing the state’s position as a growing hub for commerce and tourism.
The company's consolidated net profit advanced 29.27% to Rs 175.92 crore on a 16.17% rise in revenue from operations to Rs 4,642.55 crore in Q4 FY25 over Q4 FY24.
Shares of NBCC (India) rose 0.77% to Rs 104.35 on the BSE.
NBCC (India) has been selected as the lead agency to design, build, and market the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure on 95 acres of Rajasthan State Industrial Development & Investment Corporation (RIICO) land along the B2 Bypass, Tonk Road.
In this regard, the Government of Rajasthan has announced this transformative development project with its recent cabinet approval, with an overall estimated investment reaching approximately Rs 3,700 crore.
The project's scope is ambitious and future-oriented, with plans for the Rajasthan Mandapam Convention Centre to be developed on approximately 25 acres land parcel. The planned Rajasthan Mandapam, with over 2 lakh sq. mtr. of built-up area, is envisioned as a 7000-7,500-seat world-class convention.