After making significant strides in Bharat (India), NBCC (India) Limited is now expanding its horizons to Australia. In a recent conversation with NewsIP, a top official from NBCC expressed enthusiasm about this new venture, stating, “It is a great opportunity for NBCC, and the first time we are signing such an agreement with a country like Australia.”
The expansion involves a strategic Memorandum of Understanding (MoU) with Goldfields Australia Pty Ltd, a premier real estate developer based in Melbourne. This alliance aims to foster collaboration on a variety of projects including real estate, infrastructure, and redevelopment across Australia. The signing ceremony saw the participation of key executives including Shri Pradeep Sharma, ED (BD) of NBCC, and Dr. Harsha Vardhan, Managing Director of MedAchievers Pvt. Ltd., which is the exclusive and official partner of Goldfields Australia. Also present were Shri K.P. Mahadevaswamy, CMD of NBCC, and Mr. Marco Gattino, Managing Director of Goldfields Australia, alongside other notable directors from NBCC.
The agreed framework outlines a cooperative strategy where both entities will identify, develop, and execute projects with mutually agreed terms. NBCC, known for its expertise in construction, engineering, and project management on an international scale, will synergize with Goldfields’ extensive experience in developing various high-value projects. These include residential apartments, build-to-rent projects, master-planned communities, as well as hospitality and commercial spaces in major Australian cities like Melbourne, Brisbane, and Perth.
As part of the agreement, NBCC will also set up a branch office in Australia, aligning with both Indian and Australian regulatory standards. This office will serve as a base for overseeing joint projects, with Goldfields providing essential local support and coordination. MedAchievers Pvt. Ltd. will facilitate communication and manage documentation for Goldfields in India.
Initial projects under this collaboration may include developments like 88 Robertson Street in Fortitude Valley, Brisbane, and the Shepparton Master planned Community in Victoria. Each project will see Goldfields as the lead developer, contributing design, technical, and investment expertise, while NBCC will engage as a Joint Partner, Project Management Consultant, Engineering Procurement Construction Contractor, or Joint Development Partner, based on the project-specific agreement.
This MoU, valid for five years with an option for renewal, underscores a commitment to confidentiality and discretion regarding all data, financial details, and strategic project information shared between the two parties.
This partnership not only marks a significant chapter in NBCC’s global expansion but also reinforces its dedication to promoting India’s prowess in the international construction and real estate sectors. With an impressive portfolio that includes projects in the Maldives, Mauritius, Seychelles, and Oman, NBCC continues to set benchmarks in quality, innovation, and timely project delivery, now with a promising future in Australia.
