Particle.news
Download on the App Store

NBCC Wins Rs 642.82 Crore GDA Contract to Manage Tulsi Niketan Redevelopment

The long-delayed overhaul follows safety audits that reportedly found many flats unfit to live in.

Overview

  • NBCC disclosed the award in a December 3 regulatory filing, naming its role as project management consultant for the Ghaziabad housing colony.
  • The new orders total about Rs 665.38 crore for the company, with the Tulsi Niketan project accounting for more than 96% of the value.
  • Additional work orders include ICSI Kanpur (Rs 4.42 crore), ICSI Lucknow (Rs 7.14 crore), NFSU guest house renovation in Delhi (Rs 6.95 crore), and Institute of Cost Accountants renovations (Rs 4.05 crore).
  • The filing did not specify implementation timelines or resident rehabilitation arrangements for the redevelopment.
  • NBCC, a state-owned firm focused on PMC and real estate, was engaged by the Ghaziabad Development Authority for the project.