New Delhi: NBCC (India) Limited has taken a significant step towards international expansion by commencing its overseas real estate operations in Dubai through its wholly owned subsidiary, NBCC Overseas Real Estate LLC.
As part of this initiative, NBCC Overseas Real Estate LLC has acquired a prime land parcel on Dubai Mainland for AED 16 million, which includes approximately AED 1 million towards Dubai Land Department (DLD) fees, brokerage, and other associated charges. The land is earmarked for a mixed-use development with a total gross floor area (GFA) of 51,718 square feet.
The proposed project is planned with a configuration of G+2P+8 floors and is expected to generate revenue in the range of AED 58–60 million. This achievement has been made possible with the support and approvals of the Government of India and the Ministry of Housing and Urban Affairs, as part of a strategic drive to promote global expansion. With this development, NBCC becomes the first Central Public Sector Undertaking (CPSU) to establish itself as a real estate developer in Dubai.
NBCC’s management adopted a proactive approach, leveraging the company’s strong brand equity and competitive pricing strategy, marking a key milestone in its growth journey.
On the domestic front, NBCC has set notable benchmarks by taking over and completing stalled Amrapali Group housing projects under the directions of the Hon’ble Supreme Court of India, providing relief to thousands of homebuyers. Out of a mandate covering approximately 38,000 housing units, NBCC has already completed close to 30,000 units and is further progressing with the development of unutilised floor area ratio (FAR) through the launch of an additional 8,200 units.
Earlier, NBCC had successfully executed the India Pavilion at Dubai South for World Expo 2020, a landmark project valued at around AED 172 million (approximately USD 46.8 million), which showcased India’s capabilities on a global platform. The present move into Dubai’s real estate market further strengthens NBCC’s international presence and opens up new avenues for future growth.
