New Delhi: State-owned construction firm NBCC (India) Limited has secured work orders worth approximately Rs 775.27 crore from the Delhi Development Authority (DDA) for redevelopment projects in the national capital.
According to a regulatory filing, the contracts have been awarded in the normal course of business and pertain to the comprehensive redevelopment of DDA staff quarters at two locations—Old Rajinder Nagar and Safdarjung Development Area.
The Old Rajinder Nagar project is valued at around Rs 437.79 crore, while the Safdarjung Development Area project is estimated at Rs 337.48 crore. Both contracts are for Project Management Consultancy (PMC) services and exclude marketing fees, which will be determined at a later stage.
The redevelopment projects will be executed under a self-sustainable model, wherein a portion of the developed built-up area (BUA) will be monetised to fund the construction, while the remaining area will be handed over to DDA for staff housing.
As per project details, the Old Rajinder Nagar site currently comprises 117 dwelling units, while the Safdarjung Development Area has 152 units being used as staff quarters. Upon redevelopment, the total built-up area is expected to be approximately 99,635 square metres at Old Rajinder Nagar and around 65,925 square metres at Safdarjung Development Area, subject to final approvals after detailed surveys and DPR submission.
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