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:
- Commercial Plot Development – Kaushambi, Ghaziabad (Uttar Pradesh)
- Institutional Plot Development – Panchkula (Haryana)
- Construction of Additional Blocks – HUDCO Regional Office, Ahmedabad (Gujarat)
- Reconstruction of Residential Flats – Asian Games Village Complex, New Delhi
This will be executed on a turnkey basis as deposit work.
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
