https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

HUDCO and NBCC Sign MoU to Develop Key Infrastructure Projects Across Four Indian Cities

Strategic partnership between two PSUs to develop commercial, institutional, and residential infrastructure across four key Indian cities
Indian Masterminds Stories

New Delhi: In a significant step toward strengthening inter-PSU collaboration for infrastructure development, Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with NBCC (India) Limited, a leading government-owned construction and project management company.

The non-binding MoU, signed on September 19, 2025, outlines joint cooperation for a series of infrastructure development projects across four major cities in India.

Projects Identified Under the MoU:

  1. Commercial Plot Development – Kaushambi, Ghaziabad (Uttar Pradesh)
  2. Institutional Plot Development – Panchkula (Haryana)
  3. Construction of Additional Blocks – HUDCO Regional Office, Ahmedabad (Gujarat)
  4. Reconstruction of Residential Flats – Asian Games Village Complex, New Delhi

This will be executed on a turnkey basis as deposit work.

Read also: Leadership Change: HUDCO Appoints IAS Baldeo Purushartha as Government Nominee Director – Here’s What You Need to Know

Leadership Participation

The MoU was officially signed by:

  • Mr. Sanjay Kulshrestha, Chairman and Managing Director (CMD), HUDCO
  • Mr. K. P. Mahadevaswamy, Chairman and Managing Director (CMD), NBCC (India) Ltd.

Senior officials from both organizations were present during the signing ceremony, marking a commitment to further collaboration between the two state-owned enterprises.

Strategic Significance

This partnership represents a mutual intent to leverage HUDCO’s design and urban planning expertise with NBCC’s proven execution capabilities in real estate and infrastructure projects. It also emphasizes the government’s continued focus on efficient land utilization and urban redevelopment through collaboration between central public sector undertakings (CPSUs).

  • The Kaushambi and Panchkula projects aim to boost commercial and institutional infrastructure.
  • The Ahmedabad and New Delhi projects focus on improving HUDCO’s own regional presence and enhancing residential facilities.

About HUDCO

HUDCO (Housing and Urban Development Corporation Ltd.): A Government of India enterprise under the Ministry of Housing and Urban Affairs, focused on financing and planning housing and urban infrastructure projects.

About NBCC

NBCC (India) Limited: A Navratna CPSU under the Ministry of Housing and Urban Affairs, specializing in project management consultancy, real estate development, and EPC (engineering, procurement & construction) contracts.

Read also: NBCC and NMRDA Partner to Develop 1,710-Acre International Business & Finance Centre in Nagpur


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
MSME-
MSME Sector Now Accounts for 40% of India’s Total Production and Exports, Playing a Key Role in Economic Growth
DGP Shatrujeet Kapur Puran Kumar
Haryana IPS Y Puran Kumar Suicide Case: SIT Formed, Family Security Tightened; DGP Kapoor’s Exit Confirmed, FIR Registered
TSPSC Recruitment 2025
Who is IAS Officer Chhavi Ranjan? Supreme Court Grants Bail in High-Profile Army Land Scam and Money Laundering Case
IAS Officers Indian Administrative Services
Odisha Govt Announces Major IAS Reshuffle; Thirumala Naik Appointed Commissioner-cum-Secretary of School & Mass Education Department
mohan yadav
Madhya Pradesh Travel Mart 2025 Set to Boost Global Tourism with Participation from 27 Countries in Bhopal
Bank_of_India_Signs_MoU_
Bank of India and BSF Ink MoU to Boost Rakshak Salary Package Benefits for Armed Forces Personnel
Gujarat Master Plan
CM Bhupendra Patel Flags Off Gujarat’s Future: 500+ Projects, Regional Growth, and Japan Partnerships
TRIFED and DCI
From Cadet to CEO: Capt. S. Divakar Appointed MD & CEO of DCI; IRS P.S. Thuingaleng Takes Over as TRIFED GM for North-East
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
ADVERTISEMENT
UPSC Stories
Shivani Sirmache MPPSC 2014
Do It From Home If You Can,’ Said Her Family - She Did It with Self-Study and Sheer Will: Meet Shivani Sirmache, MPPSC 2024 Topper
Shivani Sirmache, a village girl from Sirali, cracked MPPSC 2024 with Rank 11 through complete self-study,...
IAS Officer C
"She Believed She Could, So She Did" - The Inspiring Journey of IAS Officer C. Vanmathi
From herding buffaloes and facing early marriage pressure to becoming an IAS officer, C. Vanmathi’s journey...
Jitendra Baghel MPPSC
7 Years, 4 Interviews, Now Dy.SP: How Jitendra Baghel Cracked MPPSC Through Relentless Struggle
Jitendra Baghel’s inspiring journey from a humble farming background to MPPSC Dy.SP showcases relentless...
Social Media
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Kashish Methwani
Women in the Army: How Kashish Methwani Turned Multiple Dreams Into Reality
MSME-
MSME Sector Now Accounts for 40% of India’s Total Production and Exports, Playing a Key Role in Economic Growth
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
ADVERTISEMENT
ADVERTISEMENT