NBCC in discussions to secure a 139-acre housing and infrastructure project in Seychelles

The government’s construction arm, NBCC (India) Limited, is in discussions to undertake infrastructure development, including housing, across nearly 139 acres on an island in Seychelles. The proposed project is expected to include affordable social housing, leisure and hospitality facilities, premium villas, a sports arena, and other social infrastructure.

In a statement issued on February 23, NBCC said Sebastien Pillay, vice-president of the Republic of Seychelles, visited NBCC’s headquarters in New Delhi, leading a high-level delegation. During the visit, Pillay met senior NBCC officials and expressed confidence in the company’s capabilities following a presentation highlighting its successful social housing project in the Maldives.

The Seychelles delegation held discussions with K. P. Mahadevaswamy, CMD, NBCC and other senior officers of the company regarding projects in Seychelles.

Mahadevaswamy reaffirmed the company’s commitment to delivering high-quality, sustainable infrastructure solutions and expressed confidence in further deepening cooperation with Seychelles across multiple sectors.

“During the meeting, comprehensive presentations were made to the delegation outlining infrastructure development for an area of about 139 acres of an island. The proposed development would include affordable social housing, leisure and hospitality, premium villas, sports arena, social infrastructure etc. This visit builds upon earlier high-level deliberations by CMD, NBCC with the Government of Seychelles during his visit to Seychelles in January this year,” the company said in a statement.

“The delegation were also made aware of the capabilities of NBCC by showcasing the successful execution of the 2000 Social Housing Project at Hulhumale, Maldives,” the statement said.

It should be noted that the company has completed its largest overseas EPC (Engineering, Procurement, and Construction) project, the design and construction of 2,000 social housing units in Hulhumalé in the Maldives, with a contract value of $130 million. Funded by EXIM Bank of India under the Government of India’s NEIA framework, the project is regarded as a key symbol of India–Maldives cooperation and Prime Minister Narendra Modi formally handed over the completed flats to the Maldivian government in 2025.

NBCC (India) Limited is also currently executing the construction of the Indian Chancery Building, along with a Cultural Centre and residential units in Seychelles.

Latest

Brigade Group plans 8 million sq ft housing projects in Hyderabad, eyes ₹4–5.5 crore segment

Hyderabad real estate: Brigade Group said the planned housing launches will be in Secunderabad and Neopolis

Dubai real estate: Will mid-segment properties face pressure amid the US–Israel–Iran war?

Dubai real estate: Buyers who have invested in or planned to purchase properties worth ₹3–8 cr may bargain hard or delay decisions amid the US–Israel–I

Dubai real estate: X post suggests Mumbai, Bengaluru, GIFT City as alternatives, sparks debate

The Iran–US–Israel war has sparked social media discussions on alternatives to Dubai, with users suggesting Mumbai, Bengaluru and GIFT City as possible opti

Dubai real estate update: ‘Over 60% of on-hold deals likely to close next quarter if uncertainty eases in 4-8 weeks’

Dubai real estate: If geopolitical uncertainty lasts 4–8 weeks but fundamentals hold, 60–80% of stalled deals may close next quarter, some with re-pricing

South Mumbai luxury property deal: Luxury apartment in Godrej project sells for ₹69 crore at ₹1.58 lakh per sq ft

Mumbai real estate: The purchaser of the apartment is Menon Realty LLP, and the unit is located in the Godrej Carmichael project in South Mumbai

Topics

Joy Bangla vs Jai Shri Ram: TMC, BJP workers face off during Ravi Kishan’s rally

TMC and BJP supporters traded slogans and heated words during Ravi Kishan's roadshow in Howrah. Central forces used a mild lathicharge on the crowd to prevent a

Digital fraud is rising. Are banks doing enough to keep your money safe?

Digital fraud is getting smarter as AI fuels more complex scams, but are banks ready to keep your money safe in the age of instant payments?

When risk itself begins to drift: Reading the Mythos moment for Indian finance

Why Finance Minister Nirmala Sitharaman raised concerns about the security of our financial systems in the wake of the emergence of Mythos, should India worry,

Microsoft finally lets you pause Windows updates for 35 days, here is how

Microsoft is addressing a major complaint that Windows users have had for years now. The company will now give you the control to pause Windows updates indefini

Odisha schools announce early summer vacation from April 27 amid heatwave

Amid rising heatwave conditions, Odisha has advanced summer vacation for all schools from April 27. The decision was taken to ensure the safety and well-being o

IPhone Fold launching soon: Design, specs, price and everything else to know

Apple's long-rumoured foldable iPhone is tipped to arrive in September 2026 with Ultra branding. The device could mark a new Apple hardware chapter with a wider

When will NEET UG admit cards be released? Check latest updates from NTA

NTA will release the NEET UG 2026 admit cards anytime soon on the official website. Nearly 22 lakh candidates are expected to appear for NEET UG this year and a

Goa Board to declare Class 10 results today at 5 pm. Direct link here

The Goa Board will declare the much-awaited Class 10 results today at 5 pm. Students can check their Goa Board Class 10 results on the official GBSHSE website o
spot_img

Related Articles

Popular Categories

spot_imgspot_img