New Launch26 Feb 2026, 09:12 pm
NBCC (India) Ltd Secures Rs. 775.27 Cr. Contracts for Comprehensive Redevelopment of DDA Staff Quarters
AI Summary
NBCC (India) Limited has been awarded two contracts for the comprehensive redevelopment of DDA staff quarters located at Old Delhi Rajinder Nagar and Safdarjung Development Area, New Delhi. The combined value of the projects is approximately Rs. 775.27 crore, excluding the marketing fee. The contracts are in the normal course of business for the company. The projects will be executed on a self-sustainable model, with a portion of the developed built-up area sold to generate funds for the development, while the remaining area will be handed over to DDA for their staff use.
Key Highlights
- NBCC (India) Ltd has been awarded contracts worth approximately Rs. 775.27 crore for the redevelopment of DDA staff quarters.
- The projects will be executed on a self-sustainable model.
- The redevelopment will take place at Old Delhi Rajinder Nagar and Safdarjung Development Area, New Delhi.
- The combined area to be developed is around 165,560 SQM (excluding external development).
- The projects are in the normal course of business for NBCC (India) Ltd.