State-owned construction and project management firm NBCC (India) Limited has acquired a prime land parcel in Dubai Mainland for AED 16 million (around ₹38 crore), marking a significant step in its international expansion strategy.
The land has been purchased through NBCC Overseas Real Estate LLC, a wholly owned subsidiary of the company. The total transaction value includes an additional AED 1 million paid towards charges such as fees to the Dubai Land Department, brokerage, and other related expenses. The site is planned for a mixed-use development.
According to the company, the project will be developed on a plot measuring 51,718 square feet and will feature a G+2 podium+8-storey configuration. The development is expected to generate revenues of approximately AED 58–60 million (around ₹150 crore) upon completion.
The Dubai foray has been undertaken with approvals from India’s Ministry of Housing and Urban Affairs, as part of a broader push to expand the global footprint of central public sector enterprises. With this move, NBCC becomes the first Central Public Sector Undertaking (CPSU) from India to enter the Dubai real estate development market.
NBCC is best known domestically for its role in reviving stalled housing projects. Acting under directions from the Supreme Court of India, the company took over the troubled Amrapali Group projects, delivering relief to thousands of homebuyers. Of its mandate to complete around 38,000 housing units, NBCC has already delivered close to 30,000 units. It is also advancing plans to monetise unused floor area ratio (FAR) by launching an additional 8,200 housing units.
The company has prior experience executing high-profile international projects. It successfully delivered the India Pavilion at Dubai South for Expo 2020, a project valued at approximately AED 172 million (about $46.8 million). That development showcased Indian design and engineering capabilities on a global platform.
NBCC’s latest move into Dubai is expected to strengthen its overseas presence and create new growth avenues as it looks to diversify beyond domestic projects and leverage opportunities in international real estate markets.
