NBCC (India) Limited, a Navratna CPSE under the Ministry of Housing and Urban Affairs (MoHUA), has signed a strategic Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) on March 26, 2025. This collaboration aims to jointly undertake a wide range of consultancy, fee-based, EPC and redevelopment projects from concept to commissioning. NBCC will be entering into redevelopment for the first time in Maharashtra after having great success in transforming the landscape of Delhi through this unique redevelopment model.
Under this partnership, NBCC and MAHAPREIT will collaborate on key infrastructure projects in Maharashtra, including cluster development projects in Thane Municipal Corporation, data centres, renewable energy initiatives, slum rehabilitation projects in the Mumbai Metropolitan Region (MMR) and various residential projects under the Pradhan Mantri Awas Yojana (PMAY). These projects, with an estimated value of ₹25,000 crore, will be executed in a phased manner over the next three to five years, contributing to sustainable urban development and affordable housing in line with the Government of India’s vision.
The MoU was signed in the august presence of Shri K. P. Mahadevaswamy, CMD, NBCC, and Shri Bipin Shrimali, IAS (R), MD, MAHAPREIT. The agreement was formalized by Shri Pradeep Sharma, Executive Director, NBCC, and Shri Murthy PRK, Project Director, MAHAPREIT, in the presence of senior officials from both organizations.
Copyright © 2017 Indian Grapevine a unit of Integrated Media Enterprises
