NBCC to build Supreme Court building in Mauritius

The Dollar Business Bureau

Indian real estate giant National Buildings Construction Corporation Ltd (NBCC) on Friday announced it has signed an agreement with the Mauritius government and Landscope (Mauritius) Ltd. for the construction of New Supreme Court building in Mauritius. 

The $35 million (Rs.250 crore) project will be built on project management contract basis, with the targeted completion period of 24 months. 

NBCC is a New Delhi-headquartered real estate company, operating mainly across three main real estate segments: project management consultancy (PMC), real estate development and EPC contracting. 

Earlier this year, NBCC signed a MoU with the Indian navy to construct Sahara Widows Hostel at Vasant Kunj in New Delhi for Indian Navy under CSR initiative of NBCC. 

Many Indian real estate companies have undertaken infrastructure projects in the Middle East, South Asia and Africa. 

Despite ups and downs, the Indian real estate industry has managed to grow at a respectable pace, especially backed up by a constant growth across retail, hospitality and commercial real estate segment. 

The Indian real estate industry is projected to grow at a CAGR of 11% for the period 2008-2020, and is expected to reach $180 billion by 2020.