NBCC India Enters Dubai Real Estate Market
State-owned NBCC India enters the international real estate market with an AED 15 million land acquisition in Dubai for mixed-use development.
NEW DELHI- Marking its debut in the international real estate sector, state-owned Navratna firm NBCC (India) Ltd has acquired nearly 15,000 square feet of prime land in Dubai for AED 15 million. This strategic move signals the company's ambitious expansion into global construction markets.
The land, situated in the high-growth Dubai Mainland area, will be developed into a premium mixed-use project. Through its newly formed subsidiary, NBCC Overseas Real Estate LLC, the company aims to leverage its engineering expertise to tap into the UAE's lucrative property market.
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