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State-owned NBCC Ltd has received an order worth nearly INR 3,000 crore from the Nagpur Metropolitan Region Development Authority (NMRDA) for developing the initial phase of the Naveen Nagpur township project. The agreement, formalised earlier this week, covers the construction of the first segment of a 1,710-acre integrated township, marking one of the region's largest planned urban development initiatives. NBCC, which had signed an MoU with NMRDA earlier this year, has been appointed as the Executing and Implementing Agency as well as the Project Management Consultant.
State-owned NBCC Ltd has secured an order valued at nearly INR 3,000 crore from the Nagpur Metropolitan Region Development Authority (NMRDA) for the development of the first phase of a major township project. According to a statement issued earlier this week, the company confirmed that it has entered into a formal agreement with NMRDA to execute the 1,710-acre Naveen Nagpur township, which is positioned as a significant urban expansion initiative for the region. Advertisement
The company noted that it had entered into a memorandum of understanding with NMRDA earlier this year, which laid the groundwork for the current execution agreement. Under the arrangement, NBCC has been designated as the Executing and Implementing Agency, in addition to serving as the Project Management Consultant (PMC) for the development.
The first phase of the township, estimated at INR 2,966 crore, is expected to set the foundation for one of the most extensive planned urban development projects undertaken in the Nagpur metropolitan region. NBCC, which is active in both the project management consultancy space and the real estate sector, indicated that this mandate reaffirms its growing role in large-scale public sector urban infrastructure projects.
The awarding of the Naveen Nagpur township's first phase strengthens NBCC's position as a preferred government-backed agency for complex urban development assignments. With its ongoing portfolio of redevelopment and township projects across India, the new mandate adds further scale to its operations, allowing it to extend its PMC expertise to a strategically significant metropolitan region.
Source - PTI
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