NBCC Secures Rs 35 Bn Work Order for Mixed-Use Development in Lucknow

16 Jan 2025 CW Team

State-owned NBCC (India) Ltd has secured a Rs 3,500 crore work order for the development of a mixed-use project in Lucknow. In a regulatory filing made on Monday, NBCC announced it had signed a Memorandum of Understanding (MoU) with Sarkari Awas Nirman Avam Vitt Nigam Ltd, which will award the works for mixed land-use development at Poorvi Vihar, Lucknow, covering an area of 588 acres. NBCC has been appointed as the Project Management Consultant (PMC) for this large-scale project. As per the MoU, NBCC is tasked with taking possession of the site and handling the planning, design, and development of a 50-acre encumbrance-free site as Phase 1 of the project. The approximate value of this initial phase is Rs 3,500 crore.

NBCC will execute the project on a 鈥榙eposit on work鈥� basis, with a 10% charge on the actual cost of the project, in addition to applicable GST and taxes. NBCC, primarily involved in Project Management Consultancy and real estate development, continues to strengthen its position in the infrastructure sector.

Infrastructure Transport

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UP Signs Rail Deal to Boost Logistics Infrastructure

To bolster Uttar Pradesh鈥檚 industrial and logistics ecosystem, Invest UP and the Lucknow Division of Northern Railway signed a memorandum of understanding (MoU) at Lok Bhawan on Wednesday.The MoU, signed by Invest UP CEO Vijay Kiran Anand and Rajneesh Kumar Srivastava, Senior Divisional Operations Manager of Northern Railway, aims to provide railway land to investors at a concessional lease rate of 1.5 per cent of the prevailing industrial or circle rate for a 35-year period.According to the official statement, the move will support the development of warehousing and logistics infrastructure..

Infrastructure Transport

21 May 2025

RVNL Wins Rs 1.16 Bn Railway Electrification Contract

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Infrastructure Transport

21 May 2025

Mumbai Rail Network to Expand with New Airport, Port Links

The Maharashtra government鈥檚 infrastructure drive in the Mumbai Metropolitan Region (MMR) will see a major expansion of suburban railway corridors on both Central and Western Railways, with new lines planned to improve airport and port connectivity.The Union Railway Ministry has instructed both zones to conduct feasibility surveys for new lines connecting Navi Mumbai International Airport (NMIA), segregating suburban and long-distance services, and building a new rail link from Dahanu to the upcoming Vadhavan Port in Palghar鈥攖outed as India鈥檚 largest port.On the Central Railway, surveys ..