NBCC (India) Ltd and Housing and Urban Development Corporation Ltd (HUDCO) have signed a Memorandum of Understanding to execute development projects in Panchkula, Kaushambi, Ahmedabad and New Delhi worth ₹117 crore.
In a statement on September 22, NBCC said it has signed a Memorandum of Understanding (MoU) with the Housing and Urban Development Corporation Ltd (HUDCO) to "execute transformative development projects in Panchkula, Kaushambi, Ahmedabad and New Delhi."
State-owned NBCC (India) Ltd has signed an initial pact with HUDCO to develop projects worth ₹117 crore, the statement said. The MoU was signed by Sanjay Kulshrestha, chairman and managing director of HUDCO, and K P Mahadevaswamy, chairman and managing director of NBCC.
Under the agreement, NBCC will develop a commercial complex at Kaushambi in Ghaziabad, redevelop HUDCO’s land parcel in Panchkula, construct new blocks at HUDCO’s regional office in Ahmedabad, and reconstruct residential flats at the Asian Games Village Complex in the national capital.
Together, these projects represent a combined investment of more than ₹117 crore and will be executed on a turnkey basis by NBCC, the statement said.
{{/usCountry}}Together, these projects represent a combined investment of more than ₹117 crore and will be executed on a turnkey basis by NBCC, the statement said.
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