NBCC India Eyes 139-Acre Seychelles Project

NBCC (India) Limited is in discussions to undertake large-scale infrastructure development, including housing, across nearly 139 acres on an island in Seychelles.

The proposed project is expected to feature affordable social housing, leisure and hospitality facilities, premium villas, a sports arena, and other key social infrastructure components.

In a statement issued on February 23, NBCC confirmed that Sebastien Pillay, Vice-President of the Republic of Seychelles, visited NBCC’s headquarters in New Delhi with a high-level delegation.

Key Highlights

• NBCC in talks for 139-acre housing and infrastructure project in Seychelles
• Builds on $130 million Maldives social housing EPC success
• Seychelles Vice-President meets NBCC to deepen cooperation

During the visit, Pillay met senior NBCC officials and expressed confidence in the company’s capabilities following a presentation highlighting its successful social housing project in the Maldives.

The Seychelles delegation held detailed discussions with K. P. Mahadevaswamy, CMD of NBCC, and other senior officials regarding potential projects in Seychelles. Mahadevaswamy reaffirmed NBCC’s commitment to delivering high-quality, sustainable infrastructure solutions and expressed optimism about deepening cooperation with Seychelles across multiple sectors.

“During the meeting, comprehensive presentations were made to the delegation outlining infrastructure development for an area of about 139 acres of an island. The proposed development would include affordable social housing, leisure and hospitality, premium villas, sports arena, social infrastructure etc. This visit builds upon earlier high-level deliberations by CMD, NBCC with the Government of Seychelles during his visit to Seychelles in January this year,” the company said in a statement.

"The delegation were also made aware of the capabilities of NBCC by showcasing the successful execution of the 2000 Social Housing Project at Hulhumale, Maldives," the statement said.

Notably, NBCC recently completed its largest overseas EPC (Engineering, Procurement, and Construction) project — the design and construction of 2,000 social housing units in Hulhumalé, Maldives — with a contract value of $130 million. Funded by EXIM Bank of India under the Government of India’s NEIA framework, the project is regarded as a key symbol of India–Maldives cooperation. Prime Minister Narendra Modi formally handed over the completed flats to the Maldivian government in 2025.

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NBCC is also currently executing the construction of the Indian Chancery Building, along with a Cultural Centre and residential units in Seychelles.