NBCC, appointed as the exclusive Executing Agency, will lead the transformation of a 95-acre prime land parcel. The scope of work includes master planning, architectural design, engineering, construction, and international-standard marketing.
The project will feature the Rajasthan Mandapam Convention Centre, Unity Mall, and various commercial and cultural infrastructure components, positioning Jaipur as a premier destination for global conventions and retail innovation.
RIICO will provide NBCC with an initial interest-free advance of Rs 50 crore. NBCC will mobilize the remaining funds through the sale and lease of built-up spaces and planned plots, while also leveraging public financial institutions as needed to ensure uninterrupted execution.
The project’s investments, including government financial support up to Rs 635 crore for the Rajasthan Mandapam, reflect the commitment to timely, transparent and accountable completion. A joint Empowered Committee will monitor progress, designs and milestones, ensuring rigorous oversight and quality.
The project is targeted for completion within 30 months upon receipt of statutory and internal approval.
NBCC (India) is in business and operates in three major segments, namely project management consultancy, real estate, and engineering procurement & construction.
The company's consolidated net profit advanced 26.3% to Rs 132.13 crore on a 11.6% rise in revenue from operations to Rs 2,391.19 crore in Q1 FY26 over Q1 FY25.
The counter added 0.01% to Rs 107.81 on the BSE.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."