In a major boost to Maharashtra’s infrastructure, NBCC (India) Ltd has signed a Rs 25,000 crore MoU with MAHAPREIT (Maharashtra Real Estate Regulatory Authority Infrastructure Trust). The announcement sent NBCC’s stock soaring by 2.85% to Rs 83.37, reflecting investor confidence in this massive collaboration.
What’s the Plan?
The partnership aims to transform Maharashtra’s urban landscape through:
- Redevelopment projects (NBCC’s first in Maharashtra)
- Cluster development in Thane
- Slum rehabilitation in Mumbai Metropolitan Region (MMR)
- Affordable housing under PMAY
- Data centers & renewable energy projects
These projects, to be executed over 3-5 years, will follow NBCC’s successful Delhi redevelopment model.
NBCC has a strong track record in consultancy, real estate, and construction. With Q3 FY25 profits up 25.41% and revenue rising 16.65% YoY, this deal could further accelerate growth.
Expect major infrastructure upgrades in Maharashtra, creating jobs and modernizing housing. For investors, NBCC’s strategic expansion makes it a stock to watch!
Also Read: NCC Stock Jumps 6% on ₹2,130 Crore Amaravati Project Win – What’s Next?
