NBCC to Develop Housing Project in Mauritius for Rs 150 cr

NBCC, a blue chip Navratna company under urban development ministry, has signed a Memorandum of Understanding (MoU) with Mauritius government to develop a social housing project worth Rs 150 crore. The agreement is finalised in the presence of the urban development minister Venkaiah Naidu and the vice-prime minister and minister of housing and lands of Mauritius Showkutally Soodhun.

Under this project, the company has to construct 700 duplex type houses with 50 square meter net floor area in next 18 months. Each house will have two bedrooms, living and dining rooms, kitchen, bathrooms and toilets.

“This is to inform that NBCC (India) Limited has signed an agreement with the Republic of Mauritius for project management services (PMS) for construction of social housing units in Mauritius. The value of the project is $22 million (Rs 150 crore) approx having completion period of 18 months,” says NBCC in a statement.

Also, NBCC is given responsibility to complete the construction of the new Supreme Court building in Port Louis at a cost of Rs 250 crore in the next 24 months. Earlier, the Indian government has sanctioned the execution of five projects worth $353 million in Mauritius that includes Metro Express Project, new ENT Hospital and supply of digital tablets to primary school children.

Source: ET Realty


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