NBCC Bags Rs 1,393 Crore Project From DDA To Develop ‘East Delhi Hub’

 

 

State-owned firm NBCC has bagged a nearly Rs 1,393 crore worth contract to develop ‘East Delhi Hub’ at Karkardooma in the national capital. A memorandum of understanding (MoU) between NBCC and the Delhi Development Authority (DDA) in this regard was signed in 2015.

NBCC informed that DDA has revised the conditions of the MoU.

“As per the revised MoU, the DDA has entrusted the ‘Integrated Development work of East Delhi Hub, Karkardooma, New Delhi, based on Transit-Oriented Development norms wherein NBCC will work as project planning, designing and executing agency,” NBCC said in a regulatory filing. The scope of work includes master planning of the entire project and construction of 1,600 residential units, external amenities, infrastructure services and other developmental works, it further said.

NBCC is present in three main segments namely project management consultancy (PMC), real estate development and EPC Contracting.