HUDCO and NBCC Ink MoUs for Property Redevelopment and Asset Monetization
Housing and Urban Development Corporation Limited (HUDCO) and NBCC (India) Limited (NBCC) executed two Memorandums of Understanding (MoUs) on April 11, 2026. The agreements establish a framework for joint collaboration between the two entities.The joint work outlined in the MoUs covers two primary areas of mutual cooperation.
First, the parties will collaborate on the redevelopment of a leasehold plot located at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place, New Delhi. This plot measures approximately 18830 sqmt. The broad scope for this redevelopment includes undertaking a Techno-economic feasibility study, Construction and Project Management, and the Monetization of built-up space.
Second, the MoUs cover undertaking Asset Monetization activities for NBCC's self-sustainable model projects. With the requisite permission from the Government of India, HUDCO will provide funds necessary for NBCC’s ongoing and upcoming projects within this self-sustainable model. In return, NBCC is set to provide Project Management and consultancy services.
The Memorandum of Understanding stipulates that a separate project specific agreement will be signed after the scope for the redevelopment project is finalized.
For reference, the key details of the collaboration are summarized below:
| Activity | Scope |
|---|---|
| Redevelopment | Leasehold plot admeasuring approx. 18830 sqmt. at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place, New Delhi. |
| Scope Areas | Techno-economic feasibility study, Construction and Project Management, Monetization of built-up space. |
| Asset Monetization | HUDCO to provide funds for NBCC’s self-sustainable model projects. |
| NBCC Contribution | Project Management and consultancy services. |
The MoU remains valid for a period of two years from the execution date and is subject to an annual review.
HUDCO Stock Price Movement
On Friday, Housing & Urban Development Corporation Limited shares gained 1.30% on the previous day, closing at ₹183.96. The stock traded on a volume of 2.52 million shares, finishing within its daily range established between ₹182.79 and ₹186.57.Source:
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