NBCC to develop Rs 1,600 crore project in Delhi for MTNL

NBCC (India) Limited and Mahanagar Telephone Nigam Limited (MTNL) have signed a Memorandum of Understanding (MoU) to develop a prominent land parcel of MTNL on Pankha Road, New Delhi valued at Rs 1,600 crore.

This landmark project aims to transform the land into a residential and commercial space, leveraging the expertise and resources of both organizations.

MTNL, a leading public sector telecommunications company and NBCC, a Navratna enterprise under the Ministry of Housing & Urban Affairs, have committed to this development project.



NBCC will act as the executing and implementing agency for the development of the land parcel. It will handle the master planning, architectural design, and detailed project reports, ensuring compliance with local town planning norms.


The project will be executed in phases over a period of three years from the date of commencement of the project, with a focus on maximizing both residential/ commercial benefits.

MTNL will provide the land, free from encumbrances and assist with necessary regulatory approvals. NBCC will be responsible for project management, including tendering, construction and post-construction activities.