NBCC (India) Limited, a major government-owned enterprise under the Ministry of Housing and Urban Affairs (MoHUA), has entered Dubai’s real estate market, marking its first overseas venture as a real estate developer in the emirate.
The company’s wholly owned subsidiary, NBCC Overseas Real Estate LLC, acquired a prime land parcel in Dubai Mainland for Dh15 million to develop a mixed-use project. Pradeep Sharma, Executive Director at NBCC, said the project will cover a gross floor area of 51,718 sq ft, featuring a G+2 podium with eight floors. “It will predominantly be a residential development aimed at the mid-income segment,” Sharma said, adding that the project is designed to meet end-user demand.
KP Mahadevaswamy, Chairman and Managing Director of NBCC (India) Limited, described the Dubai project as a major milestone in the company’s global expansion. “We have taken a big step in international real estate by starting our overseas operations in Dubai through NBCC Overseas Real Estate LLC,” he said. “We are excited about this venture and see strong potential to create quality, affordable housing for the Indian diaspora and other residents in Dubai.”
The land acquisition was formally completed on Wednesday, December 23, with NBCC officials Pradeep Sharma and Sonu Ram handing over the manager’s cheque to the seller at the Dubai Land Department.
Mahadevaswamy emphasized that NBCC’s entry into Dubai was facilitated by approvals and support from the Government of India and MoHUA as part of a strategic push for global expansion. This move makes NBCC the first Central Public Sector Undertaking from India to launch itself as a real estate developer in Dubai. “NBCC’s management acted proactively, leveraging the company’s strong brand credibility and disciplined pricing approach. This marks a key milestone in our growth journey,” he said.
NBCC has an established record in India and abroad, having delivered major projects such as the World Trade Centre in New Delhi, valued at around Dh1 billion, and Bharat Mandapam, the convention and exhibition complex in New Delhi, valued at about Dh1.2 billion. The company gained prominence in India’s housing sector after taking over and completing stalled Amrapali Group projects in Noida, providing relief to thousands of homebuyers.
Previously, NBCC executed the India Pavilion at Dubai South for Expo 2020, a project worth around Dh172 million, showcasing Indian design and execution capabilities on an international platform.
The land acquisition process followed a structured and transparent approach, including public invitations, internal evaluations, independent feasibility studies, and multiple rounds of senior-level review under NBCC’s public-sector governance framework.
Industry observers said NBCC’s entry strengthens Dubai’s mid-income residential segment while expanding the company’s global footprint and opening new growth opportunities beyond India.
