NBCC inks MoU with SDMC to build Rs 525-cr office bldg

State-owned NBCC today said it has entered into an agreement with the South Delhi Municipal Corporation (SDMC) to construct an office building in the national capital at a cost of Rs 525 crore.
In a regulatory filing, NBCC said it has "signed a memorandum of understanding (MoU) with South Delhi Municipal Corporation, Government of NCT, Delhi for planning, designing and construction of office building/ SDMC headquarter near Pragati Maidan at IP Estate amounting to Rs 525 crore."
Last week, NBCC joined hands with Rail Land Development Authority for redevelopment of 10 railway stations across the country on global standards.
The identified stations to be taken up initially by NBCC for redevelopment are Tirupati, Sarai Rohilla (Delhi), Nellore, Puducherry, Madgaon, Lucknow, Gomtinagar, Kota, Thane (New) and Ernakulam.