New Delhi: State-owned construction firm NBCC (India) Limited has secured work orders worth approximately Rs 775.27 crore from the Delhi Development Authority (DDA) for major redevelopment projects in the national capital. The contracts, awarded in the normal course of business, cover comprehensive redevelopment of DDA staff quarters at two prime locations: Old Rajinder Nagar and Safdarjung Development Area (SDA).
Project Details and Financials
The Old Rajinder Nagar redevelopment project is valued at around Rs 437.79 crore, while the Safdarjung Development Area project is estimated at Rs 337.48 crore. Both contracts are for Project Management Consultancy (PMC) services, and marketing fees will be determined later.
The redevelopment projects will follow a self-sustainable model, in which a portion of the developed built-up area (BUA) will be monetized to fund the construction. The remaining area will be handed over to DDA for staff housing, ensuring efficient use of resources and timely project execution.
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Scope of Redevelopment
Currently, the Old Rajinder Nagar site comprises 117 dwelling units, and the Safdarjung Development Area has 152 units serving as staff quarters. Post redevelopment, the total built-up area is expected to be approximately 99,635 square metres at Old Rajinder Nagar and around 65,925 square metres at SDA, subject to final approvals after detailed surveys and DPR submission.
These projects aim to provide modern, sustainable housing for DDA staff while optimizing land use in key locations of Delhi. The redevelopment will include upgraded amenities, improved infrastructure, and efficient space utilization to meet contemporary housing standards.
Leadership Remarks
Mr. N. Saravana Kumar, Vice Chairman, DDA, called the MoUs “one-of-its-kind” and expressed confidence that NBCC would set new benchmarks with world-class architecture and state-of-the-art amenities.
Mr. K. P. Mahadevaswamy, CMD, NBCC, emphasized that the agreements represent a significant step towards sustainable urban redevelopment and optimal utilization of valuable land assets in New Delhi. He added that the projects will create modern residential ecosystems while maintaining financial prudence through the self-sustaining model.
About NBCC (India) Limited
NBCC (India) Limited is a government-owned public sector undertaking (PSU) engaged in construction and project management, including real estate development, infrastructure projects, and turnkey solutions. Known for executing large-scale urban redevelopment and construction projects, NBCC plays a key role in shaping modern infrastructure in India while ensuring timely delivery and adherence to quality standards.
