NBCC, a blue chip Navratna enterprise under the aegis of Ministry of Housing and Urban Affairs, is planning to expand its operations by jointly developing real estate properties on land parcels owned by private parties and government agencies in NCR region.
The company intends to enter into collaboration or Joint Venture as co-developer or implementing agency for PMC, project branding and sales & marketing on the licensed land owned by private parties or government agencies for development of residential and commercial real estate projects in Delhi/NCR. As NBCC has a niche in real estate sector and emerged as a brand, the company’s proposal (for joint venture) will be an opportunity for land owing agency to get associated with NBCC for development of their land parcels to get maximum benefit/advantage in the present slump real estate market. The company has invited expression of interest from the interested parties for its proposal.
NBCC in recent years has grown by leaps and bounds and grown into a formidable player both in India and Abroad in entire gamut of Civil Engineering works in the capacity of Project Management Consultant. NBCC in fact is the first Central Public Sector Enterprise to enter into Real Estate. At present, NBCC’s areas of operation encompass three primary segments, namely, Project Management Consultancy, Engineering Procurement & Construction and Real Estate Development.