https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

NBCC Advances ₹25,000-Crore Revenue Target to FY29, Bets Big on Redevelopment Model

NBCC plans to replicate its Delhi redevelopment model, under which it generated ₹14,800 crore through the sale of 3.2 million sq. ft. of commercial space in the World Trade Centre project at Nauroji Nagar and Sarojini Nagar Downtown.
Indian Masterminds Stories

New Delhi: State-owned real estate development firm NBCC (India) Ltd. has accelerated its growth ambitions, bringing forward its ₹25,000-crore revenue target by one year to FY29, buoyed by strong momentum in redevelopment projects and growing interest from multiple state governments.

Chairman and Managing Director K.P. Mahadevaswamy confirmed that the company is pursuing large-scale redevelopment opportunities using a self-sustaining model that has already proven highly successful in the national capital.

The Delhi Model: A Blueprint for National Expansion

NBCC plans to replicate its Delhi redevelopment model, under which it generated ₹14,800 crore through the sale of 3.2 million sq. ft. of commercial space in the World Trade Centre project at Nauroji Nagar and Sarojini Nagar Downtown. These proceeds were used to fund the redevelopment of seven housing colonies in Delhi, without requiring direct budgetary support.

“Redevelopment is going to contribute almost 50% of our revenue. Being a self-sustainable model, where the money is generated from the project itself, state governments are happy to follow it,” Mahadevaswamy said in an Interview.

State Governments Show Interest

NBCC is in active discussions with the governments of Goa, Telangana, Jammu & Kashmir, and Kerala to replicate this redevelopment model in their respective regions. The approach is gaining traction among states due to its budget-neutral structure and the potential to revamp urban infrastructure efficiently.

Recently, NBCC secured ₹10,000 crore worth of redevelopment projects from the Goa government, which will be undertaken in phases. These projects will also be developed without financial backing from the state’s budget, reinforcing the viability of the self-sustaining model.

Robust Order Book and Revenue Growth

With an order book valued between ₹60,000 crore and ₹70,000 crore, NBCC expects sustained growth in the coming years. The company reported a revenue of ₹8,900 crore in FY23, followed by ₹10,666 crore in FY24, and anticipates touching ₹12,000 crore in FY25.

Supporting CPWD Projects Through Capital Generation

Of the seven housing colonies slated for redevelopment in Delhi, NBCC was tasked with Nauroji Nagar, Netaji Nagar, and Sarojini Nagar, while the remaining four — Kasturba Nagar, Thyagraj Nagar, Srinivaspuri, and Mohammadpur — were assigned to the Central Public Works Department (CPWD). Notably, NBCC is also generating capital for the CPWD projects by selling commercial space from its own redevelopment projects, further underlining its pivotal role in the government’s urban renewal mission.

Looking Ahead

NBCC’s strategic pivot toward large-scale redevelopment, its proven funding model, and expanding footprint across Indian states positions the company as a central player in India’s urban infrastructure transformation. With a clear growth trajectory and increasing state partnerships, the company appears well on course to meet its advanced revenue target by FY29.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
jharkhand logo-resized
Jharkhand: Chief Minister Tractor Distribution Scheme Relaunched After Two Years - All Details Inside
Pushkar-Singh-Dhami
Uttarakhand CM Pushkar Singh Dhami Reviews Jamrani Dam Progress, Praises PM Modi for Reviving 60-Year-Old Dream - Know More
Bhupendra Patel CM Gujarat
Gujarat CM Bhupendra Patel Champions Education at Shala Praveshotsav 2025 in Gandhinagar - Know More
Mohan Yadav CM MP
MP RISE 2025: CM Mohan Yadav Unveils Mega Investment Push and Industrial Roadmap in Ratlam - Rs. 30,402 Crores To Be Invested! Details Inside
Indian Coast Guard
ICG Gets a Tech Edge: Indian Coast Guard Inducts ‘Adamya’, First Fast Patrol Vessel Under Goa Shipyard's 8-FPV Project
Pushkar-Singh-Dhami
CM Dhami Takes Stern View on Helpline Lapses; Becomes Longest-Serving BJP CM of Uttarakhand
Rajnath Singh
Defence Minister Rajnath Singh Holds Key Bilateral Talks with Belarus, Tajikistan & Kazakhstan Counterparts at SCO Meet
Union Minister Sarbananda Sonowal
Union Minister Sarbananda Sonowal Launches India's First Maritime NBFC – Sagarmala Finance Corporation Limited! All Details Inside
ADVERTISEMENT
ADVERTISEMENT
Videos
Ex IRS C Rajendiran
Ex-IRS Officer C. Rajendiran Illuminates Thirukkural’s Timeless Wisdom in Exclusive Interview
WhatsApp Image 2025-06-25 at 5.07
Why Has the DGCA Fined Air India Rs 5 Crore Since Privatisation?
Former Diplomat Ashok Sajjanhar
Iran Is Weakest Now, Needs a Face-Saver
ADVERTISEMENT
UPSC Stories
Sanish Kumar Singh
“If you want it badly enough, you’ll find a way,” Sanish Kumar Singh AIR 8, UPSC IFS 2024 
The real interview, he says, was much more humane. “The board was conversational. The chairman opened...
Raju Wagh
When the Battlefield Became a Study Room and a Dream Took Flight
Amid IED blasts and anti-Maoist operations in Bastar, CRPF Commando Raju Wagh taught village kids, studied...
WhatsApp Image 2025-06-18 at 10.31
"I Just Wanted to Breathe Again": The Man Who Fought Death and Made It to UPSC
Struck by COVID at the peak of his UPSC prep, Devanand Telgote spent months on ECMO, unsure he'd live,...
Social Media
Shailaja Chandra
“Nanis & Dadis Have a Brain”: Former IAS Officer Shailaja Chandra Weighs in on 1970s vs 2025 Life Debate - “This Generation Has It Better”
Responding to Viral Post on Middle-Class Struggles, Ex-Bureaucrat Offers Candid Reflection on Then and...
Tigress Arrowhead
The End of an Era: A Queen Falls - Ranthambore’s Iconic Tigress Arrowhead (T-84) Passes Away at 14, Hours After Daughter’s Relocation
Ranthambore mourns the loss of one of its fiercest and most beloved tigers, Arrowhead, the granddaughter...
Screenshot 2025-06-13 194001
Wild Elephant Disrupts Riverside Picnic, Sparks Debate on Human Encroachment; IFS Parveen Kumar Shares the Video - Watch Here!
Mr. Kaswan used the viral video, which has garnered over 1.5 lakh views, to highlight the risks of human...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
jharkhand logo-resized
Jharkhand: Chief Minister Tractor Distribution Scheme Relaunched After Two Years - All Details Inside
Pushkar-Singh-Dhami
Uttarakhand CM Pushkar Singh Dhami Reviews Jamrani Dam Progress, Praises PM Modi for Reviving 60-Year-Old Dream - Know More
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Ex IRS C Rajendiran
WhatsApp Image 2025-06-25 at 5.07
Former Diplomat Ashok Sajjanhar
ADVERTISEMENT
ADVERTISEMENT