Mumbai, Dec. 26 -- NBCC said it has entered the international real estate market by commencing overseas operations in Dubai through its wholly owned subsidiary, NBCC Overseas Real Estate LLC. The subsidiary has acquired a prime land parcel measuring 14,776.80 sq ft in Dubai Mainland for AED 15 million, which will be developed as a mixed-use project.

Separately, the company received in-principle approval from Mumbai Port Trust to be engaged as the executing agency at an agency charge of 7% of the project cost. The scope of work includes planning, design, execution and supervision of multiple projects such as a CGO Complex, an iconic building, a multi-level car parking facility and an international convention centre, along with maintenance...