NBCC and Bihar Government sign MoUs for Bihar's first Tech Park and over 3,000 flats in Patna

NBCC ( India) Limited, a Navratna CPSE under the Ministry of Housing and Urban Affairs, Government of India, signed MoUs with various departments of the Government of Bihar for four major redevelopment projects in Patna under Phase-I. Spread over an area of ​​approximately 34.34 acres, these projects will deliver 3,331 houses, the state's first tech park and modern commercial spaces and are expected to generate around 40,000 direct and indirect employment opportunities. This initiative supports urban development and optimal use of government land in the state.

These MoUs were signed in the august presence of the Honourable Chief Minister of Bihar, Samrat Chaudhary ; Honourable Deputy Chief Ministers, Vijay Kumar Chaudhary and Bijendra Prasad Yadav; and Nitish Mishra, Honourable Minister of Urban Development and Housing Department (UDHD), along with senior officials of the State Government. NBCC was represented by Dr. K. P. Mahadevaswami, Chairman and Managing Director ; Dr. Suman Kumar, Director ( Commercial) ; R. N. Sinha, Head, Strategic Business Group ( SBG), Bihar, and other senior officials of the company.

Bihar's first tech park: A new engine of growth

As Bihar's first tech park, this Patna-based facility will be a catalyst for economic and technological growth, attracting IT companies, startups, and private investment. It will generate significant employment for local youth and help reduce job migration to other metropolitan cities. As a technology business hub, it will encourage innovation, entrepreneurship, and skill development among the local workforce, while boosting allied sectors such as housing, hospitality, and retail, contributing to overall economic growth. By improving urban infrastructure and digital connectivity, this tech park will make Patna an even more attractive destination for business and investment.

Housing and modern commercial space for every income group

Spanning an area of ​​approximately 34.34 acres, these four projects include two residential redevelopment projects of the Bihar State Housing Board (BSHB) in Sector 5 ( TV Tower) and Sector 6 (Bahadurpur). A total of 3,331 residential flats will be provided for EWS, LIG, MIG, and HIG categories, with modern amenities such as shopping complexes, clubhouses, gyms, community facilities, office spaces, and other ancillary facilities. Commercial developments include a modern IT tech park for DIT Bihar in Gardanibagh, the state's first tech park, and hotels and commercial spaces at the Water Resources Department complex on Bailey Road.

A self-financing model of urban renewal

These projects will transform existing residential colonies and government land into modern residential and commercial developments, providing improved housing and community amenities while generating financial returns for the relevant departments. They do not require any budgetary support from the state government, making them a fiscally prudent model of urban renewal that covers its own costs.

All four projects From Total by mixing expected Sale / lease receipts About Rs. 5,152 crore Must be. Its additional, provisional Project Cost About Rs. 2,000 crore ( GST) To (Except ) will be.

Large-scale employment generation

These projects will generate ample employment for the people of Bihar during construction and even after completion.

During construction: Approximately 7,500 direct jobs for construction workers, engineers, supervisors and technical staff and approximately 11,000 indirect jobs in supply of construction materials, transportation, logistics and associated local services, equivalent to over 10 million person-days during the construction period.

Upon completion: The Tech Park is expected to generate over 5,000 direct jobs, along with around 15,000 indirect jobs in accommodation, hospitality, retail, transportation and support services, and house over 100 companies in the IT, ITES and electronics sectors. Around 2,500 additional direct jobs will be created in the areas of operation, maintenance, facility management and security of hotels, commercial spaces and residential complexes.

In total, the four projects are expected to generate around 40,000 direct and indirect employment opportunities, providing quality jobs closer to home to the youth of Bihar. Can be found.

Proven expertise, green manufacturing and timely delivery

NBCC leverages proven expertise in this initiative. It has completed similar landmark redevelopment projects in New Moti Bagh, East Kidwai Nagar, and Naoroji Nagar in New Delhi under the 7 GPRA Redevelopment Project, which are nationally recognized as benchmarks for planned and self-financed urban redevelopment. NBCC has also undertaken redevelopment/development projects with the state governments of Rajasthan and Goa and the Union Territory of Jammu and Kashmir.

Patna projects will be built on green building principles, including features such as rooftop solar power generation, LED lighting, energy-efficient elevators and electrical equipment, rainwater harvesting, water-efficient fixtures, wastewater treatment and reuse, and green landscaping. Building orientation, natural daylighting, efficient ventilation, and heat-insulating building envelopes will further reduce energy consumption and improve occupant comfort.

NBCC is committed to completing all projects on time and with the highest quality, safety and construction standards. Strong project monitoring, reputed contractors, regular quality audits and transparent processes will ensure that the people of Bihar get world-class infrastructure within the stipulated timeframe.

Phase-II in the pipeline

Building on this momentum, proposals for Phase II from other departments, including the BCD ( Building Construction Department), the PMC ( Patna Municipal Corporation), and BUIDCO ( Bihar Urban Infrastructure Development Corporation), are in the approval stage. MoUs with these departments are expected to be signed soon.

A partnership for the development of Bihar and progress of the nation

it Initiative This is the beginning of a new chapter in the urban development of Bihar. It will provide Patna with planned housing for every income group, modern commercial infrastructure, and the state's first tech park, while creating value for government land for the public good. This reflects the visionary leadership of the Bihar government and its commitment to improved living standards, jobs for youth, and sustained economic growth across the state.

This partnership further strengthens the long-standing relationship of trust between NBCC and the Government of Bihar, with Phase- II set to further expand this partnership. At the national level, it supports the Government of India's vision of planned urbanization, housing for all and a developed India @ 2047. For NBCC, the series of Phase- I projects and upcoming Phase-II projects enhance its order book and strengthen long-term business prospects, further reinforcing its position as India's leading agency for redevelopment of government land.

Speaking on the occasion, Dr. K. P. Mahadevaswamy, Chairman and Managing Director, NBCC ( India) Limited said: We are grateful to the Honorable Chief Minister, Mr. Samrat Chaudhary, and the Government of Bihar for their confidence in NBCC. These four projects will provide modern housing for all income groups to the people of Patna without any financial burden on the state treasury, the state's first tech park, which will create thousands of new employment opportunities for the youth of Bihar, and quality commercial space. Our completed redevelopment projects in New Moti Bagh, East Kidwai Nagar, and Naoroji Nagar have demonstrated what this model can achieve, and NBCC assures the Government and people of Bihar that these projects will be completed on time, with the highest quality standards and green construction. With the Phase II proposal already underway, this marks the beginning of a long-term and fruitful partnership with the Government of Bihar. For NBCC, this further strengthens our order book and reaffirms our role as a trusted partner of the Government in building a developed India. "