New Delhi, Oct 3, 2024* — In a significant boost to its redevelopment portfolio, NBCC (India) Limited has been awarded the Small Industries Development Bank of India (SIDBI) Vashi Redevelopment Project, valued at Rs 142 crore. The project underscores NBCC’s leadership in urban transformation, aligning with the government’s ‘Smart City’ and sustainable infrastructure initiatives.
The comprehensive project scope includes demolition of existing structures, obtaining essential No Objection Certificates (NOCs) and regulatory approvals, conducting topographical and geographical surveys, and delivering pre-construction services. NBCC will also manage architectural design, contractor selection, and tendering, ensuring seamless execution of the project.
The Memorandum of Understanding (MoU) signed between NBCC and SIDBI in 2023 formalized this collaboration, integrating planning, designing, and architectural development for SIDBI’s infrastructure modernization. This marks a continuation of their strategic partnership, further advancing the modernization of SIDBI’s properties nationwide.
With a focus on sustainable development, NBCC aims to create energy-efficient and eco-friendly buildings that enhance SIDBI’s operational efficiency. This aligns with India’s broader infrastructure goals, including green building standards and the use of modern construction technologies. The project is set to play a pivotal role in accelerating SIDBI’s mission to support MSME growth while contributing to India’s larger sustainable development objectives.
Key Project Highlights:
– Project Value: Rs 142 crore
– Scope: Demolition, design, tendering, contractor selection, and NOC approvals
– Objective: Modernize SIDBI’s infrastructure with energy-efficient, eco-friendly buildings
– Strategic Partnership: Strengthened collaboration between NBCC and SIDBI since 2023
This redevelopment marks a key milestone in the Indian infrastructure sector, reflecting the growing demand for urban renewal projects that meet international standards of sustainability and efficiency.
