Joint Venture19 Sept 2025, 07:17 pm
HUDCO Signs MoU with NBCC for Development Projects
AI Summary
Housing & Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with NBCC (India) Limited on 19.09.2025. The non-binding MoU is for development of commercial and institutional plots at Kaushambi, Ghaziabad, and Panchkula, construction of additional blocks at HUDCO Regional Office in Ahmedabad, and reconstruction of residential flats at Asian Games Village Complex, New Delhi on a turnkey basis. The MoU was signed by Shri Sanjay Kulshrestha, CMD, HUDCO and Shri K. P. Mahadevaswamy, CMD, NBCC in the presence of other senior officials from both organizations.
Key Highlights
- HUDCO and NBCC sign MoU for development projects
- MoU includes development of commercial and institutional plots at Kaushambi and Panchkula
- Additional blocks to be constructed at HUDCO Regional Office in Ahmedabad
- Residential flats at Asian Games Village Complex, New Delhi to be reconstructed
- Projects to be executed on a turnkey basis