In a landmark move for international property development, Indian government-owned construction behemoth NBCC (India) Limited has officially entered Dubai’s real estate market. The company’s wholly-owned subsidiary, NBCC Overseas Real Estate LLC, has secured a prime mainland Dubai parcel for AED 15 million, marking its inaugural overseas development project.
The strategic acquisition follows comprehensive approvals from India’s Ministry of Housing and Urban Affairs (MoHUA), positioning NBCC as the first Central Public Sector Undertaking (CPSU) from India to establish itself as a real estate developer in Dubai. The mixed-use development will feature a gross floor area of 51,718 square feet with a G+2 podium +8 floors configuration, specifically targeting mid-income residential buyers.
Company leadership emphasized the project’s significance within their global expansion strategy. Chairman and Managing Director KP Mahadevaswamy characterized the venture as a “significant milestone” that leverages NBCC’s established brand credibility and disciplined pricing approach. “We see strong potential to create quality, affordable housing for the Indian diaspora and other residents in Dubai,” Mahadevaswamy stated in an interview with Khaleej Times.
The land acquisition process adhered to rigorous public-sector governance standards, involving public invitations, internal evaluations, independent feasibility studies, and multiple senior-level reviews. This systematic approach reflects NBCC’s reputation for transparency and execution excellence, demonstrated through previous high-profile projects including the World Trade Centre in New Delhi (approximately AED 1 billion) and the Bharat Mandapam convention complex (approximately AED 1.2 billion).
Industry analysts note that NBCC’s entry introduces a new dimension to Dubai’s property landscape, particularly in the mid-income segment where demand continues to outpace supply. The company brings considerable expertise from having completed stalled Amrapali Group housing projects in Noida under Supreme Court directive, providing relief to thousands of homebuyers. NBCC previously demonstrated its capabilities in the UAE through its execution of the India Pavilion at Dubai South for Expo 2020, a AED 172 million project that showcased Indian design and construction prowess on a global platform.