NBCC (India) Ltd and Mahanagar Telephone Nigam Ltd (MTNL) have signed an MoU to develop a residential and commercial space in Pankha Road, New Delhi. The upcoming project sprawls an anticipated 13.88 Acres of land parcel and is valued at an estimated 1,600 INR-Crore.
NBCC and MTNL will further combine their expertise to create this state-of-the-art development. With a mix of high-quality residential units and modern commercial facilities, this project will elevate the real estate landscape of New Delhi.
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Furthermore, it will contribute to the growth and modernization of the city, enhancing the urban experience on Pankha Road. This partnership highlights the growing trend of public-private collaborations in India’s real estate sector. It also aims to revitalize key urban areas and maximize the potential of underutilized assets.
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