NBCC at the Helm of Rajasthan’s ₹3,700 Crore Urban Renewal & Innovation Project

·         NBCC entrusted with development of Rajasthan Mandapam and Tech Towers

·         Rajasthan Mandapam will be the 2^nd landmark project of its kind after the prestigious Bharat Mandapam in New Delhi to be executed by NBCC

·         Rajasthan Cabinet Greenlights Mega Urban Project

NBCC (India) Ltd. stands at the forefront of Jaipur’s most ambitious urban development initiative, having been selected as the lead agency to design, build, and market the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure on 95 acres of Rajasthan State Industrial Development & Investment Corporation (RIICO) land along the B2 Bypass, Tonk Road. This infrastructure push is seen as a cornerstone for the Viksit Rajasthan 2047 vision under the leadership of Shri Narendra Modi, Hon’ble Prime Minister of India and Shri Bhajan Lal Sharma, Hon’ble Chief Minister of Rajasthan envisioned to propel the state’s economy and solidify its status as a national and international convention and knowledge hub.  

 

Government of Rajasthan has announced this transformative development project with its recent cabinet approval with overall estimated investment reaching approximately ₹3,700 crore. ₹635 crore of this amount, will be provided by the State Government, underscoring robust official support and long-term economic vision for the region.

 

The project’s scope is ambitious and future-oriented, with plans for the Rajasthan Mandapam Convention Centre to be developed on approximately 25 acres at a cost of ₹2,200 crore. The planned Rajasthan Mandapam, with over 2 lakh sq. mtr. of built-up area, is envisioned as a 7000-7,500-seat world-class convention destination modelled on the Bharat Mandapam in Delhi, which was also executed by NBCC.

 

The development will also include the establishment of dedicated towers for IT and global capability centers, the creation of luxury hotels on designated plots, and extensive green and commercial spaces, all guided by NBCC’s detailed master plan. The project will utilize a self-financing approach where proceeds from sales and leases of plots and built-up assets will fund major construction activities, reducing upfront fiscal burden on the public exchequer.

 

In this context, it is also mentioned that NBCC has already received work order of approx. Rs 202 crore from RIICO for providing project management consultancy services for the construction of Unity Mall (PM Ekta Mall) in Jaipur, Rajasthan. The Union finance ministry already approved the project under a special assistance scheme and sanctioned Rs 100 crore, for its construction. Planned over 20,000 sq mtr in the RIICO Fintech Park near Jaipur airport, the Unity Mall will have shops for every ODOP, GI (geographical indication), and other state products.

 

NBCC’s involvement ensures robust technical due diligence, transparent financial management, and internationally benchmarked standards for all major project components. State government leaders and project officials have expressed confidence in NBCC’s proven model and ability to deliver world-class urban infrastructure encompassing employment, tourism, and service industry growth.