NBCC Secures ₹1,600 Crore Delhi Project for MTNL Redevelopment: A Game-Changer in New Delhi Real Estate

NBCC (India) Ltd has been chosen to take on a major project worth ₹1,600 crore in Delhi for MTNL (Mahanagar Telephone Nigam Limited). The project involves redeveloping MTNL properties in the city. NBCC, a government-owned construction company, will handle the entire project, including planning, construction, and development.

MTNL has selected NBCC for this project as part of its efforts to make better use of its real estate assets in the capital. The redevelopment will not only modernise these properties but also help MTNL raise funds through the sale and leasing of the newly developed spaces.

This project is seen as a significant step in both enhancing MTNL’s financial standing and contributing to Delhi’s urban development. NBCC’s involvement ensures that the project will be completed in a timely and efficient manner, thanks to the company’s expertise in handling large government projects.

The redevelopment is expected to include commercial and residential spaces, providing a boost to the local real estate market. NBCC’s shares have shown positive movement following this announcement.