NBCC (India) Limited, a Navratna Central Public Sector Enterprise under the Ministry of Housing & Urban Affairs (MoHUA), Government of India, has signed a formal Agreement with the Nagpur Metropolitan Region Development Authority (NMRDA) for the development of the Naveen Nagpur Project, an ambitious and integrated township spread across approximately 692 hectares (1,710 acres). The Agreement is in continuation of the Memorandum of Understanding (MoU) signed on 8 September 2025, through which NBCC has been appointed as the Executing and Implementing Agency as well as the Project Management Consultant (PMC). The first phase of the project is valued at an estimated 2966 crore and marks the beginning of one of the largest planned urban development initiatives in the region. The Naveen Nagpur Project envisions a modern, sustainable, and future-ready urban ecosystem that will include residential, commercial, institutional and social infrastructure. NBCC will take the lead in preparing the Detailed Project Report (DPR), undertaking financial feasibility studies, coordinating architectural and engineering designs, managing tendering processes, overseeing the construction programme, and ensuring the delivery of world-class infrastructure. The planning and execution approach will focus heavily on quality, safety, sustainability and inclusivity, with all construction adhering strictly to statutory norms and green development principles. Inorder to ensure smooth progress and timely approvals, an Empowered Committee is being constituted under the Chairmanship of the Metropolitan Commissioner, NMRDA. The Committee will include senior representatives from both NBCC and NMRDA and will be responsible for examining and approving plans, reviewing deviations, resolving issues, monitoring timelines, and overseeing overall project performance. The Committee’s findings will be reported periodically to the Steering Committee of the Government of Maharashtra. With this Agreement, both organisations have taken a significant step toward shaping a transformative urban landscape for Nagpur. The project is expected to contribute meaningfully to the city's long-term growth vision by introducing advanced infrastructure, improved mobility systems, modern urban amenities, and a strong emphasis on environmental stewardship. NBCC’s extensive experience in delivering large-scale government infrastructure projects across India and abroad will play a crucial role in ensuring the timely and efficient execution of this landmark development. The construction work is planned to be completed within three years, with possible extensions up to five years subject to approval by the Empowered Committee.