NBCC (India) Ltd has signed a memorandum of understanding with Dubai’s Pantheon Elysee Real Estate Development LLC to explore joint development of residential, hospitality and mixed-use projects in the UAE.
Source: NBCC Press Release (NSE Exchange Fillings) | Published on Nov 10, 2025
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As quoted in the press release of NBCC (NSE Exchange Filings), the company has just crossed the line for a new market outside of domestic work. Specifically, it has signed a strategic memorandum of understanding (MoU) with a Dubai-based real-estate developer, Pantheon Elysee Real Estate Development LLC. This partnership signifies NBCC's intention to collaborate internationally with a focus on construction and infrastructure of hospitality and mixed-use developments in the United Arab Emirates (UAE).
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This MoU lays the groundwork for collaborative efforts in construction, project management, infrastructure, residential, hospitality, and mixed-use real-estate projects in the UAE.
NBCC refers to this partnership as a "normal course of business."
This MoU facilitates exposure for NBCC outside India and introduces them to the Gulf real-estate market.
Specific values, timelines, and project awards, as referenced in the MoU, have not been publicly identified yet.
NBCC has signed the MoU with Pantheon Elysee Real Estate Development LLC to collaborate strategically on mutual areas of interest. The areas of focus include:
construction and development works
infrastructure development
high-quality residential projects
hospitality ventures
mixed-use real-estate assets
NBCC will leverage its engineering, procurement and construction (EPC) capabilities and extensive real estate development experience, while Pantheon Elysee brings a strong real estate presence and development experience in the UAE. The MoU is still a stage of intention; no binding contracts for specific projects have been authorized at this stage.
Item | Details |
Signing parties | NBCC (India) Ltd & Pantheon Elysee Real Estate Development LLC |
Sector / scope | Construction, infrastructure, residential, hospitality, mixed-use in UAE |
Status | Memorandum of Understanding (intent phase) |
Geographic focus | United Arab Emirates |
NBCC share price currently stands at ₹113.19 per share on the BSE as of 10 November 2025 at 15:30 PM IST.
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