NBCC (India) Ltd signed a Memorandum of Understanding (MoU) with the Board of Mumbai Port Authority for developing the CGO Complex on 25 acres of prime land. This strategic partnership aims to transform the site into a modern commercial hub, boosting urban infrastructure in Mumbai.
Project Agreement Details
NBCC, a leading public sector undertaking under the Ministry of Housing and Urban Affairs, entered into the MoU on December 24, 2025, for the redevelopment of the Central Government Office (CGO) Complex at Mumbai Port lands. Spanning 25 acres, the project envisions state-of-the-art office spaces, commercial facilities, and sustainable infrastructure, aligning with India's smart city initiatives and port modernization efforts.
Agreement Highlights
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MoU covers 25 acres at Mumbai Port Authority lands for CGO Complex
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Focus on commercial development including offices and mixed-use spaces
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NBCC to handle design, execution, and project management
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Supports Mumbai's infrastructure growth and revenue generation for port authority
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Part of broader PSU-led urban redevelopment initiatives
Development Outlook
The project promises enhanced connectivity, green buildings, and economic activity, positioning Mumbai Port as a key commercial node amid rising demand for premium office spaces.
Sources: BSE Announcements, NBCC Filings, Mumbai Port Authority Disclosures