NBCC Aims for ₹18,000 Crore Revenue in FY27 Amid Expansion Plans
NBCC targets Rs 18,000 crore revenue in FY27: MD
The Economic TimesImage: The Economic Times
NBCC (India) Ltd targets ₹18,000 crore (approximately $2.2 billion USD) in revenue for FY27, up from ₹14,000 crore in FY26, driven by real estate and redevelopment projects across India. The company is also expanding internationally with projects in Seychelles and Dubai.
- 01NBCC aims for ₹18,000 crore revenue in FY27, a significant increase from ₹14,000 crore in FY26.
- 02Delays in project approvals have impacted previous revenue but are now on track.
- 03Major revenue sources include a residential project in Ghitorni, south Delhi, and sales in Sarojini Nagar.
- 04The company is expanding internationally with projects in Seychelles and Dubai.
- 05NBCC's redevelopment projects in Goa and Jammu & Kashmir will follow a self-sustainable model.
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NBCC (India) Ltd, a state-run property developer, is targeting ₹18,000 crore (approximately $2.2 billion USD) in revenue for the financial year 2027, marking a significant rise from the ₹14,000 crore expected for FY26. The chairman and managing director, KP Mahadevaswamy, noted that previous delays in project approvals had pushed some redevelopment initiatives into FY27, affecting revenue generation. However, he expressed confidence that most projects are now on track. Key revenue drivers include a 32-acre residential project in Ghitorni, south Delhi, projected to generate over ₹9,000 crore, and additional revenue from ₹6,500 crore in sales from Sarojini Nagar. The company also plans to implement redevelopment projects in Jammu & Kashmir and Goa, utilizing a self-sustainable funding model. Furthermore, NBCC is expanding its international footprint with developments in Seychelles and Dubai, including a mixed-use project acquired for AED 16 million (approximately ₹38 crore).
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The revenue growth could lead to increased job opportunities and economic activity in the regions where NBCC is developing projects.
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