India, Sept. 23 -- New Delhi

The NBCC and Housing and Urban Development Corporation Ltd (HUDCO) on Monday signed a Memorandum of Understanding (MoU) to execute several development projects in multiple cities, including New Delhi, which will see the reconstruction of residential flats in the Asian Games Village.

In an official statement, the NBCC said MoUs worth Rs.117 crore were signed by HUDCO chairman Sanjay Kulshrestha and NBCC chairman KP Mahadevaswamy, for the projects in Panchkula, Kaushambi, Ahmedabad and New Delhi.

"Under this agreement, NBCC will spearhead the development of a commercial complex at Kaushambi in Ghaziabad, the integrated redevelopment of HUDCO's land parcel in Panchkula, the construction of new blocks at HUDCO'...