State-owned construction firm NBCC Ltd. has signed a memorandum of understanding with Delhi Transport Corporation for development of various land parcels in the national capital.
In a regulatory filing, NBCC informed that the company and DTC signed the MoU on Oct. 27.
NBCC will work as Project Management Consultant for developing land parcels on a self-revenue generation model, it added.
The land parcels are located at Shadipur Colony (6.8 acre), Hari Nagar Colony (11.12 acre), Vasant Vihar Depot (5 acre) and Hari Nagar I & II Depot (6.224 acre).
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