NBCC Makes Overseas Debut with Dubai Land Purchase Worth INR 37 Crore

• NBCC acquires nearly 15,000 sq ft of land in Dubai Mainland

• Purchase valued at AED 15 million (around INR 37 crore)

• Project to be developed as a mixed-use real estate asset

State-owned NBCC (India) Ltd has formally entered the Dubai real estate market with the acquisition of a prime land parcel in Dubai Mainland, signalling a major step in the company’s international expansion strategy.

According to a regulatory filing, NBCC has purchased 14,776.80 sq ft of land for AED 15 million, equivalent to approximately INR 37 crore. The site will be developed into a mixed-use real estate project, marking NBCC’s first overseas property development initiative.

The acquisition has been executed through NBCC Overseas Real Estate LLC, a wholly owned subsidiary established specifically to lead the company’s international real estate operations. With this move, NBCC aims to diversify its portfolio beyond India and tap into high-growth global property markets.

NBCC is best known for its role in project management consultancy and real estate development across India, including government-backed redevelopment and infrastructure projects. The Dubai entry aligns with the company’s broader strategy to explore global opportunities while leveraging its execution capabilities.

Dubai continues to attract strong interest from Indian developers and investors, supported by investor-friendly regulations, high rental yields, and robust demand across residential and mixed-use segments. Indian nationals remain one of the largest investor groups in the emirate’s real estate market.

Several Indian developers already have a presence in Dubai. Sobha Group has built a strong footprint over the years, while Sunteck Realty recently announced its entry into the market. NBCC’s move further highlights the growing confidence of Indian companies in Dubai’s real estate potential.

Industry observers say NBCC’s entry could open doors for more state-backed Indian entities to explore international real estate development, especially in markets that offer regulatory clarity and long-term growth prospects.