(03.11.26 – By NewsIP Bureau – Patna)
“All without any burden on the State exchequer,” NBCC (India) Limited Chairman and Managing Director Dr. K. P. Mahadevaswamy said of four redevelopment projects planned in Patna under Phase I. The projects are expected to provide 3,331 homes, Bihar’s first Tech Park and modern commercial spaces.
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Four projects planned across Patna
NBCC signed memoranda of understanding with departments of the Government of Bihar for the four projects, which cover about 34.34 acres. The signing took place in August, but the source information does not specify the year. Chief Minister Sh. Samrat Choudhary, Deputy Chief Ministers Sh. Vijay Kumar Chaudhary and Sh. Bijendra Prasad Yadav, and UDHD Minister Sh. Nitish Mishra were among those present.
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3,331 homes across income groups
Two residential projects will redevelop Bihar State Housing Board sites at Sector 5 (TV Tower) and Sector 6 (Bahadurpur). Together, they are planned to provide 3,331 flats for EWS, LIG, MIG and HIG categories, alongside facilities including shopping areas, clubhouses, gyms, community spaces and offices.
Tech Park and commercial development
A proposed IT Tech Park for DIT Bihar at Gardanibagh is described as the state’s first. NBCC says it is intended to attract IT companies, startups and investment, while supporting local employment and skills development. The other commercial project is planned at a Water Resources Department site on Bailey Road and includes hotels and commercial spaces.Estimated project value and employment
Expected sale and lease proceeds from the four projects are estimated at about ₹5,152 crore, while the tentative project cost is about ₹2,000 crore, excluding GST. The source says the projects require no budgetary assistance from the state government. These are estimates, not reported project outcomes. A
NBCC estimates around 40,000 direct and indirect employment opportunities across construction and operational phases. Its breakdown includes construction jobs and related supply-chain work, more than 5,000 direct jobs expected at the Tech Park, and additional jobs in residential, hotel and commercial operations. The figures are projections supplied for the projects.Green construction and next phase
NBCC says the developments will incorporate measures such as rooftop solar, LED lighting, rainwater harvesting, wastewater treatment and reuse, and green landscaping. It cites its redevelopment work in New Delhi, including New Moti Bagh, East Kidwai Nagar and Nauroji Nagar, as relevant experience.
Proposals for a second phase involving the Building Construction Department, Patna Municipal Corporation and Bihar Urban Infrastructure Development Corporation are at the approval stage, according to the supplied information. NBCC says MoUs with those departments are expected to be signed shortly.
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