Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with NBCC (India) Limited on September 19, 2025. The MoU focuses on the development of commercial plots at Kaushambi, Ghaziabad (Uttar Pradesh), institutional plots at Panchkula (Haryana), construction of additional blocks at HUDCO Regional Office, Ahmedabad (Gujarat), and reconstruction of residential flats at Asian Games Village Complex, New Delhi.
Partnership for Urban Development
HUDCO and NBCC (India) Limited have formalized a partnership through a Memorandum of Understanding (MoU). This agreement, signed on September 19, 2025, aims to leverage the expertise of both organizations to undertake significant urban development projects.
Key Projects Under the MoU
The MoU outlines several key areas of collaboration, including:
- Development of a commercial plot at Kaushambi, Ghaziabad (Uttar Pradesh).
- Development of an institutional plot at Panchkula (Haryana).
- Construction of additional blocks at the HUDCO Regional Office, Ahmedabad (Gujarat).
- Reconstruction of residential flats at Asian Games Village Complex, New Delhi.
These projects will be executed on a turnkey basis as Deposit work.
Leadership Involvement
The MoU was signed by Shri Sanjay Kulshrestha, CMD, HUDCO and Shri K. P. Mahadevaswamy, CMD, NBCC. Senior officials from both organizations were present, highlighting the importance of this collaboration.
Source: BSE