In a regulatory filing, the company said the projects would be taken up under Phase I on a self-financing basis, without any budgetary assistance from the state government. The MoU was signed in the presence of Bihar Chief Minister Samrat Choudhary and NBCC Chairman and Managing Director K.P. Mahadevaswamy.
The redevelopment plan includes two residential projects in Patna, comprising a total of 3,331 flats across the Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group (MIG) and High Income Group (HIG) categories.
The other two projects include an IT Tech Park for the Department of Information Technology (DIT), Bihar, at Gardanibagh and the development of hotels and commercial spaces at the Water Resources Department site on Bailey Road in Patna.
