1. GPRA colony redevelopment - The 7 GPRA projects hold \~₹10,000 cr of balance work, with \~₹5,000-6,000 cr expected top line over the next 18 months; Bharat Business Park alone generated \~₹10,000 cr in three auctions. The 5 GPRA package (\~₹30,000 cr order value) is with Cabinet for approval, and management expects ₹50,000-60,000 cr new business this year from GPRA plus two-three big orders.
2. Amrapali Phase 2 completion - Phase 2 has \~₹10,500 cr awarded in packages, with \~₹17,000 cr of sales against ₹12,000 cr construction cost; \~₹2,370 cr already received from bulk sale of 4,800 units. Management expects ₹5,000-6,000 cr top line from Amrapali over two years, with 8% PMC fee plus 1% marketing fee on ₹4,000-5,000 cr of inventory yet to sell.
3. Supertech stalled project award - The Supreme Court upheld NBCC's appointment to complete 16 Supertech projects with \~49,748 houses; tentative construction cost \~₹9,445 cr with PMC fee fixed at 8%. Management guides \~₹10,000 cr top line and ₹800-900 cr bottom line, with tenders expected this quarter and turnover from next quarter.
4. Ghitorni land development - The 21.23-acre South Delhi parcel has revenue potential of \~₹8,500 cr and estimated PAT of ₹4,000-5,000 cr; consultant tender is expected to finalize this quarter. Revenue books after handover, expected FY27-28, with cash inflow starting earlier.
5. 5 GPRA redevelopment approval - The 5 GPRA project (Lodhi, Andrews Ganj, DIZ, Lakshmi Bai Nagar) cleared by group of ministers and PIB, now with Cabinet for approval; expected order value \~₹30,000 cr. This would roughly triple the current 7 GPRA order book and extend the redevelopment pipeline for years.
6. State government redevelopment model - Discussions at final stage with Rajasthan, Chhattisgarh, Jharkhand for redevelopment of government townships; the model offers states 4x area and 2x units with no investment, NBCC charging only PMC fee. Kerala Housing Board project (\~₹2,000 cr) is already secured, proving the model works beyond Delhi.
7. J&K Satellite City - A ₹3,500 cr tender package is ready to be floated this month, with one infrastructure tender already under technical evaluation. Management includes ₹3,500 cr Phase 1 in FY27 order awarding guidance, with revenue recognition from Q3 next year.
8. MAHAPREIT order - The ₹25,000 cr order book component is delayed on approvals but expected to start next quarter; HUDCO has sanctioned ₹3,000 cr for construction of 3 packages. Management excludes it from FY27 projections, so any award is upside to current guidance.
9. Naveen Nagpur infrastructure - HUDCO sanctioned ₹11,000 cr for the first phase (including land acquisition); infrastructure development alone is \~₹10,000 cr, with consultant appointed and DPR in final stage. Infrastructure tender is expected this quarter or next, with the project modelled like GIFT city.
10. CPSE REIT creation - NBCC is entrusted with structuring the country's first CPSE REIT per the Finance Minister's budget 2026 announcement; Board approved a wholly owned SPV, with 75,000 sq ft of rentable assets to transfer initially. NBCC becomes the natural partner for fitting out and redeveloping CPSE assets, creating recurring fee and monetisation income.