MoU12 Sept 2024, 12:50 am
NBCC (India) Ltd and MTNL Sign MoU for Joint Development of Land Parcel in New Delhi
AI Summary
NBCC (India) Limited and Mahanagar Telephone Nigam Limited (MTNL) have signed a Memorandum of Understanding (MoU) on September 11, 2024 to collaborate on the development of a prominent 13.88-acre land parcel located on Pankha Road, New Delhi. The project, valued at approximately Rs. 1,600.00 Crores, aims to transform the land into a state-of-the-art residential or commercial space, leveraging the expertise and resources of both organizations.
Key Highlights
- NBCC (India) Limited and MTNL sign MoU for joint development project in New Delhi.
- The project aims to transform a 13.88-acre land parcel on Pankha Road, New Delhi into a state-of-the-art residential/commercial space.
- The project is valued at approximately Rs. 1,600.00 Crores.
- The collaboration is expected to leverage the expertise and resources of both organizations.
- The information is available on the NBCC (India) Limited's website.