NBCC bags Rs. 5,828 crore AIIMS project.

State-run NBCC has bagged a Rs. 5,828-crore redevelopment project from AIIMS which involves construction of 3,000 flats.

'AIIMS issued a letter of award on November 23 to NBCC for the redevelopment of AIIMS western campus and Ayurvigyan Nagar, involving construction of 3,000 flats in 2.5 years with the financial implication of Rs. 5,828 crore,' NBCC said in a regulatory filing.

To make the project commercially viable, NBCC will sell 10% of the area.

NBCC would be charging 10% of the final project cost as project management consultancy fee and 1% for marketing expenses. The MoU between AIIMS and NBCC will be signed after the Union cabinet's approval.

TOI