DEA signs MoU with NBCC for housing project

DEA signs MoU with NBCC for housing project

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Department of Economic Affairs (DEA) has signed an MoU with NBCC (India) Limited, formerly known as National Buildings Construction Corporation Ltd, for construction of housing project for Indian Economic Service (IES) Officers. The Union Finance Minister, Arun Jaitley was present on the occasion. Speaking on the occasion Jaitley said that it was a joyous opportunity that the MoU was seeing the light of the day.

Ministry of Urban Development has allotted 3519 square metre of land on Deen Dayal Upadhyay Marg, New Delhi, for construction of 90 dwelling units for IES Officers. Driving force behind undertaking the housing project is acute shortage of houses under Government General Pool Accommodation, particularly for junior-level officers. Project Management Consultancy (PMC) for the project has been awarded to NBCC, for which the MOU has been signed.

NBCC is a Government of India Navratna Enterprise under the Ministry of Urban Development. Certified with ISO 9001:2008 from the Bureau of Indian Standards in respect of Project Management & Consultancy, the Company’s present areas of operations are categorized into three main segments, i.e., Project Management Consultancy (PMC), Real Estate Development &  EPC Contracting.  NBCC has been executing many Landmark Projects as a PMC which contributes to about 85% of its annual revenue. The segment being the Company’s core strength, the areas covered under its umbrella include Roads, Hospitals & Medical Colleges, Institutions, Offices, Airports, Bridges, Industrial & Environmental Structures etc.