NBCC, HUDCO ink ₹117 crore MoU for projects in Panchkula, Kaushambi, Ahmedabad and Delhi | Real Estate News
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NBCC, HUDCO ink ₹117 crore MoU for projects in Panchkula, Kaushambi, Ahmedabad and Delhi

ByHT Real Estate News
Published on: Sep 22, 2025 03:06 PM IST

NBCC (India) Ltd has signed an initial pact with HUDCO to  ‘execute transformative development projects’ worth ₹117 crore 

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.

The MoU was signed by HUDCO CMD Sanjay Kulshrestha and NBCC CMD K P Mahadevaswamy.
The MoU was signed by HUDCO CMD Sanjay Kulshrestha and NBCC CMD K P Mahadevaswamy.

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.

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Stay updated with latest Real Estate news and updates from India and around the World, explore the latest market moves and premium property listings updates now on Hindustan Times
News / Real Estate / NBCC, HUDCO ink ₹117 crore MoU for projects in Panchkula, Kaushambi, Ahmedabad and Delhi
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