New Delhi: State-owned National Buildings Construction Corporation (NBCC) has signed an MoU to construct a new Andhra Pradesh Bhawan in the national capital with a cost of Rs 105 crore.
The new Andhra Pradesh Bhavan will have a total built-up area of nearly 2.5 lakh sq ft.
In a statement on Wednesday, the company said it has signed an MoU with the Government of Andhra Pradesh for the "planning, design, and construction" of the new Andhra Pradesh Bhavan in New Delhi at an estimated project cost of Rs 105.5 crore.The cost excludes GST and PMC (project management consultancy) charges. The project will be executed on a turnkey deposit work basis. As the designated executing agency, NBCC said it will spearhead the entire lifecycle of the project. NBCC is in the PMC and real estate business.