In a significant step toward strengthening India–UAE economic cooperation, NBCC (India) Ltd., a Government of India Navratna enterprise with a project portfolio exceeding Rs 1.2 trillion (approx. AED 53 billion), has signed a Memorandum of Understanding (MoU) with Pantheon Elysee Real Estate Development LLC, one of the UAE’s fastest-growing developers.
The partnership aims to combine NBCC’s six-decade expertise in large-scale engineering, procurement, and construction (EPC) with Pantheon Development’s innovative approach to affordable luxury housing. Pantheon currently has AED 3 billion worth of upcoming residential and mixed-use projects across Dubai and Ras Al Khaimah.
Under the MoU, Pantheon will lead project ideation, financing, and market development, while NBCC will ensure execution excellence through its technical and sustainable infrastructure capabilities. The collaboration will focus on co-developing major residential, hospitality, and community projects across the Emirates.
Shri K. P. Mahadevaswamy, Chairman and Managing Director of NBCC (India) Ltd., said the agreement marks a new chapter in global cooperation for infrastructure and real estate development, reinforcing India’s growing presence in the international construction sector.
