NBCC India bags ₹775 crore DDA staff quarters redevelopment contracts in New Delhi

State-owned construction major  NBCC India Ltd on Thursday (February 26) said it has received work orders worth approximately ₹775.27 crore from the Delhi Development Authority (DDA) for the comprehensive redevelopment of staff quarters in New Delhi.

The projects include the redevelopment of Old Rajinder Nagar staff quarters valued at ₹437.79 crore and Safdarjung Development Area staff quarters valued at ₹337.48 crore, excluding marketing fees to be determined later.

Both contracts are in the normal course of NBCC’s business and will be executed as project management consultancy services. The redevelopment will follow a self-sustainable model, with a portion of the built-up area (BUA) sold to fund the project, while the remaining BUA will be allocated for DDA staff use.

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The Old Rajinder Nagar project involves 117 dwelling units with an envisaged BUA of approximately 99,635 square meters, while the Safdarjung Development Area project involves 152 dwelling units with a tentative built-up area of 65,925 square meters. Final BUA approvals will follow a detailed survey and submission of the Detailed Project Report (DPR).

NBCC confirmed that neither the promoter nor the promoter group has any interest in the awarding entity, and the contracts do not fall under related-party transactions.

This week, NBCC India secured a ₹76.27 crore (excluding GST) work order from Dharanidhar University, Keonjhar, Odisha, the company said in an exchange filing on February 23, 2026.

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The order involves the construction of an academic block, a hostel building and related infrastructure, including external development works. The project will be executed under the Project Management Consultancy (PMC) model in the normal course of business.

NBCC (India) Limited is a government-owned construction and real estate firm under India's Ministry of Housing and Urban Affairs, specialising in project management consultancy (PMC), engineering-procurement-construction (EPC), and real estate development for civil infrastructure.

It handles everything from conceptualisation and feasibility studies to execution, commissioning, and maintenance of projects like buildings, roads, airports, hospitals, and border infrastructure—both in India and abroad.

Shares of NBCC (India) Ltd ended at ₹94.04, down by ₹0.53, or 0.56%, on the BSE.

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