NBCC sign MoUs for Bihar’s First Tech Park and over 3,000 Flats in Patna UPDATED

NBCC (India) Limited signed MoUs with various departments of the Government of Bihar for four major redevelopment projects in Patna under Phase-I. Spread over approx. 34.34 acres, the projects will deliver 3,331 homes, the State’s first Tech Park and Modern Commercial Spaces, and are estimated to generate around 40,000 direct and indirect employment opportunities. The initiative supports urban development and the best use of government land in the State.

The MoUs were signed in the presence of the Chief Minister of Bihar, Samrat Choudhary; Deputy CMs, Vijay Kumar Chaudhary and. Bijendra Prasad Yadav; and the Minister of UDHD, Nitish Mishra, along with senior officials of the State Government. NBCC was represented by Dr. K. P. Mahadevaswamy, CMD; Dr. Suman Kumar, Director (Commercial); R. N. Sinha, Head, Strategic Business Group (Bihar) and other senior officials of the company.

As Bihar’s first Tech Park, the facility in Patna will be a catalyst for economic and technological development, attracting IT companies, startups and private investment. It will create large-scale employment for local youth. By improving urban infrastructure and digital connectivity, the Tech Park will make Patna a more attractive destination for business and investment.

The four projects include two residential redevelopment projects of the Bihar State Housing Board (BSHB) at Sector 5 (TV Tower) and Sector 6 (Bahadurpur). NBCC will adopt green building practices, including rooftop solar power, rainwater harvesting and wastewater recycling. It will draw on its experience in redevelopment projects at New Moti Bagh, East Kidwai Nagar and Nauroji Nagar in New Delhi.

Phase-II proposals involving the Building Construction Department (BCD), Patna Municipal Corporation (PMC) and Bihar Urban Infrastructure Development Corporation (BUIDCO) are also at the approval stage.

Speaking on the occasion, Dr. K. P. Mahadevaswamy, Chairman and Managing Director, NBCC, thanked Bihar Chief Minister Samrat Choudhary for his confidence in the company and assured timely completion with high standards of quality and green construction.