State-owned NBCC (India) Ltd has marked its entry into international real estate markets with the acquisition of prime land in Dubai for AED 15 million, equivalent to ₹37 crore. The strategic purchase represents the company's first step in expanding its real estate business beyond Indian borders.

Strategic Land Acquisition in Dubai

The company announced in a regulatory filing on Wednesday that it has purchased the land through NBCC Overseas Real Estate LLC, a wholly-owned subsidiary established specifically for overseas operations. The acquisition details highlight the company's commitment to international expansion:

Company's Core Business Operations

NBCC operates primarily in two key segments - project management consultancy and real estate development. The Dubai venture marks a significant diversification of its real estate portfolio into international markets, leveraging its established expertise in construction and development.

Growing Indian Presence in Dubai Real Estate

The move positions NBCC among a growing list of Indian real estate companies expanding into Dubai's property market. Sobha Group has already established a significant presence in Dubai real estate, while Sunteck Realty recently announced its foray into the Dubai market. The Dubai property sector continues to attract substantial investment from Indian nationals, making it an attractive destination for Indian real estate developers.

Market Expansion Strategy

This acquisition represents NBCC's inaugural step into overseas real estate operations, with the Dubai Mainland location chosen for its prime positioning and mixed-use development potential. The establishment of NBCC Overseas Real Estate LLC as a dedicated subsidiary demonstrates the company's structured approach to international market entry and its commitment to building a sustainable overseas presence.

NBCC (India) Limited has signed a strategic Memorandum of Understanding (MoU) with Mumbai Port Authority on December 23, 2025, marking a significant business development for the Navratna CPSE. The agreement positions NBCC as the executing agency for a comprehensive infrastructure development project at Mumbai Port's land.

Project Scope and Financial Terms

The MoU outlines the following key details:

Comprehensive Infrastructure Development

The project encompasses multiple infrastructure components that NBCC will handle through planning, designing, execution, and supervision. The scope includes:

• CGO Complex development
• Iconic building construction
• Multilevel car parking facility
• International Convention Centre
• Maintenance of existing buildings, sheds, wharfs, storage areas, and roads

Business Impact

The MoU represents a deposit work arrangement on a turnkey basis, with NBCC serving as the Project Management Consultant for the CGO Complex development. The company has indicated that this agreement falls within the normal course of its business operations, aligning with its core competencies in project management consultancy and execution.

Corporate Disclosure

NBCC has fulfilled its regulatory obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this business development under Regulation 30. The company has also made the information available on its official website for stakeholder access and transparency.