HUDCO and NBCC Collaborate on Construction Projects Across India

Housing and Urban Development Corporation Ltd (HUDCO) entered into a memorandum of understanding (MoU) with NBCC (India) Ltd on September 19, 2025, in New Delhi. The document was signed by HUDCO Chairman and Managing Director Sanjay Kulshrestha and NBCC Chairman and Managing Director K. P. Mahadevaswamy in the presence of senior officials from both organisations.

Projects Identified

Reports indicate that the agreement covers four projects across Uttar Pradesh, Haryana, Gujarat, and Delhi. These include a commercial plot at Kaushambi in Ghaziabad, an institutional plot at Panchkula, new blocks at HUDCO’s regional office in Ahmedabad, and the reconstruction of residential flats at the Asian Games Village complex in New Delhi

Mode of Execution

As per HUDCO’s exchange filing, the projects will be developed on a turnkey basis. NBCC will act as the implementing agency, responsible for the actual execution of the works. The filing notes that the arrangements are classified as deposit works, where HUDCO provides the funds and NBCC undertakes the construction

NBCC’s Background

NBCC is a government-owned Navratna enterprise operating under the Ministry of Housing and Urban Affairs. It is frequently tasked with executing housing and infrastructure projects on behalf of government departments and public institutions.

HUDCO’s Role

HUDCO, set up as a public sector financial institution, is focused on financing and supporting housing and urban infrastructure projects in India. Agreements with agencies such as NBCC allow HUDCO to link its financial support with on-ground development across states.

HUDCO Share Price Performance

As of September 22, 2025, 10:17 AM, HUDCO share price was trading at ₹232.74, a 1.62% increase from the previous closing price.

Read more: HUDCO Signs MoU with NMRDA for ₹11,300 Crore Funding Support!

Conclusion

The MoU brings HUDCO and NBCC together on four new projects spanning different regions. With HUDCO funding and NBCC’s execution, the works are to proceed under the turnkey and deposit work framework.

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