New Delhi — In a significant step toward expanding its international footprint, NBCC (India) Limited, a Navratna public sector enterprise under the Ministry of Housing and Urban Affairs, has received formal approval from the Reserve Bank of India (RBI) to invest in the equity capital of its newly incorporated wholly owned subsidiary in Dubai.
The announcement was made via an official filing on the stock exchanges, where NBCC confirmed the remittance of AED 1,000,000 as equity investment into the new entity—NBCC Overseas Real Estate LLC, registered in Dubai Mainland, UAE.
Strategic International Expansion
The subsidiary has been established with the primary objective of engaging in real estate transactions—including the buying and selling of property—in the Dubai market. This initiative aligns with NBCC’s strategy to diversify its portfolio and explore high-growth international markets, especially in the infrastructure and real estate sectors.
Regulatory Milestones Achieved
NBCC had initially disclosed the formation of the Dubai subsidiary on May 16, 2025, after receiving prior clearance from the Department of Investment and Public Asset Management (DIPAM). With the latest RBI approval under the Overseas Direct Investment (ODI) norms, the company has now completed all key regulatory steps to operationalize its global venture.
The entire equity in the Dubai-based company has been subscribed in cash at face value, and NBCC retains full ownership, holding 100% of the shares. Notably, no promoter or promoter group entity holds any stake or direct interest in the subsidiary beyond NBCC’s ownership.
Positioning for Growth
This overseas move comes amid NBCC’s strong financial performance and growing order book. With this new venture, the company is looking to capitalize on the booming Dubai real estate market while reinforcing its image as a globally competitive public sector enterprise.
About NBCC
NBCC (India) Limited is a Navratna public sector enterprise under the Ministry of Housing and Urban Affairs. It specializes in redevelopment and infrastructure projects. NBCC handled iconic assignments such as university campuses, residential colonies, zoos, and performance centers. Operating nationwide, it enforces strict adherence to environmental and heritage norms.
