New Delhi (05.08.2025): NBCC (India) Ltd and the Department of Posts (DoP) have signed a Memorandum of Understanding (MoU) to transform dormant postal lands into bustling modern hubs of development. 

This marks the beginning of a nationwide initiative to unlock the hidden value of prime government land parcels. With thousands of properties lying underutilized across the country, the Department of Posts has identified key sites—including Sarojini Nagar Postal Colony and Netaji Nagar Depot in the National capital—for immediate action. These locations will soon be buzzing with world-class infrastructure, commercial vitality and sustainable living.

The MoU was signed by Parimal Sinha, DDG (Estates & MM, Department of Post (DoP) & Pradeep Sharma, ED (Engg.), NBCC in the presence of Jitendra Gupta, DG DoP, K P Mahadevaswamy, CMD, NBCC, Dr Suman Kumar, Director (Commercial) NBCC and the senior officials from both sides were also present.

NBCC will lead the charge. The project will roll out in two stages: first, an intensive feasibility study by top-tier consultants, followed by on-ground transformation of land parcels found fit for development. The entire initiative will run on a self-sustaining model, powered by revenue generated through the sale and lease of new built-up spaces without burdening the exchequer.

This urban revamp will be governed by a transparent and accountable system. A joint escrow mechanism will manage funds, while a high-level Empowered Committee will oversee project approvals, pricing and progress monitoring. From energy-efficient buildings to smart infrastructure, the planned developments aim to set new benchmarks in green, inclusive and future-ready design.