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.
Also Read: Srinagar Satellite Township: A Landmark Development in Urban Planning
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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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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