Housing and Urban Development Corporation Limited (HUDCO) and NBCC (India) Limited sign two MoUs for Delhi redevelopment and asset monetisation.

Exam-focused facts from the 16 April 2026 current affairs briefing.

Key facts

HUDCO and NBCC (India) Limited (NBCC) signed two MoUs on 11 April 2026.
First MoU covers redevelopment of leasehold plot of approx. 18,830 sq mt at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place, New Delhi.
First MoU includes techno-economic feasibility study, construction, project management, and monetisation of built-up space.
Second MoU focuses on asset monetisation for NBCC's self-sustainable model projects.
HUDCO will provide funds for ongoing and upcoming NBCC projects with permission of Government of India.
NBCC will provide project management and consultancy services under the agreements.
Each MoU is valid for 2 years from execution date and is subject to annual review.
Either party can exit the MoUs by giving one month's written notice.