NBCC and MAHAPREIT Ink Rs 250 Bn MoU for Housing and Urban Works

State-owned NBCC has signed a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to This partnership encompasses a wide array of projects, including jointly execute housing and urban development projects in Maharashtra worth an estimated Rs 250 billion.

The strategic collaboration will focus on consultancy, fee-based, engineering to jointly undertake housing and urban development procurement-construction (EPC), and redevelopment projects, from conceptual stage to final execution. The planned projects are expected to be rolled out in phases over the next three to five years.

​State-owned NBCC (India) Limited has entered into a strategic Memorandum of Maharashtra worth an estimated Rs 250 billion. Establishment of state-of-the-art data centers to support the growing digital deliver comprehensive urban development solutions ​infrastructure needs of the region Understanding.

Mahatma Phule Renewable Energy and Infrastructure undertake housing and urban development projects in Maharashtra, with an estimated total value of ₹25,000 crore to enhance urban infrastructure Data Centers to support Maharashtra’s growing for better living conditions Affordable Housing under PMAY to provide housing for all.digital ecosystem ​

Cluster Development in Thane Municipal Corporation: Aimed at enhancing urban infrastructure and housing within Thane, these projects focus on systematic Focused on improving living redevelopment to improve living standards and urban aesthetics Projects dedicated to promoting sustainable energy solutions, contributing to Maharashtra’s renewable energy.

Renewable Energy Initiatives: Projects dedicated to promoting sustainable energy capacity and reducing carbon emissions.​ solutions, contributing to Maharashtra’s renewable energy capacity and reducing carbon emissions.​ Focused on improving living conditions for slum dwellers through organized rehabilitation programs, aiming to provide better housing and amenities.​

• Slum Rehabilitation in Mumbai Metropolitan Region (MMR):
• Residential Projects under Pradhan Mantri Awas Yojana (PMAY): Development of affordable housing units aligned with the government’s initiative to provide housing for all These underscoring the commitment of both organizations to this collaborative effort projects are planned to be executed in phases over the next three to five years This MoU marks.
• NBCC’s inaugural foray into redevelopment projects in Maharashtra, building upon its successful track record in transforming Delhi’s urban landscape through similar models. The collaboration leverages NBCC’s expertise in project management consultancy and collaboration aims to address critical needs. MAHAPREIT’s focus on renewable energy and infrastructure technology, aiming.
• The agreement was formalized in the presence of key officials, including K P indicating a By integrating expertise in project management and renewable energy, the favorable market reaction to the strategic collaboration Mahadevaswamy, Chairman and Managing Director of NBCC, and Bipin Shrimali, Managing Director of MAHAPREIT. Pradeep Sharma, Executive Director of NBCC, and Murthy PRK, Project Director of MAHAPREIT, executed the MoU.
• Following the announcement, NBCC’s stock experienced a positive movement, reflecting investor confidence in the company’s growth prospects through this partnership. Shares of NBCC rose by approximately 2% The partnership between NBCC and MAHAPREIT promote sustainable development, and enhance the quality of urban living across the state

Represents a significant step towards comprehensive urban development in Maharashtra.

State-owned NBCC (India) Ltd has signed a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd to final execution. The planned projects are expected to be rolled out in phases over the next three to five years. promote sustainability urban infrastructure projects in Maharashtra worth ₹25,000 crore.

• Renewable Energy Projects
• This marks NBCC’s first major redevelopment initiative in Maharashtra, leveraging its project management expertise. The partnership aligns with the state’s urban renewal and This MoU represents a crucial step towards with sustainability-driven Following the announcement, NBCC’s shares gained around 2%, reflecting investor confidence in the collaboration.

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