India’s NBCC (India) Ltd., a Government of India Navratna enterprise with a project portfolio exceeding AED53 billion, has entered into a strategic partnership with Pantheon Elysee Real Estate Development LLC to expand their real estate footprint in the UAE.
Under the collaborative agreement, Pantheon Development will spearhead project ideation, financing, and market development, while NBCC will provide comprehensive engineering, procurement, and construction expertise. The partnership aims to blend NBCC’s six-decade infrastructure experience with Pantheon’s design-led approach to creating affordable luxury developments.
Shri K. P. Mahadevaswamy, Chairman and Managing Director of NBCC (India) Ltd., highlighted the strategic significance: This collaboration with Pantheon Developments reinforces NBCC’s global growth trajectory. Our track record of completing landmark projects in India and abroad positions us perfectly to bring Indian engineering excellence to the UAE’s dynamic real estate landscape.
Kalpesh Kinariwala, Founder of Pantheon Development, emphasized the partnership’s broader vision: Partnering with a global powerhouse like NBCC aligns with our mission to scale Pantheon’s AED3 billion pipeline of projects across Dubai and Ras Al Khaimah. This partnership is about more than construction — it’s about blending world-class engineering with our design-led approach to deliver affordable luxury that endures.
The collaboration is strategically positioned to fast-track sustainable, community-centric developments and strengthen bilateral cooperation between India and the UAE in real estate and infrastructure sectors.
The partnership builds upon the growing economic ties between India and the UAE, which have seen increased collaboration in recent years.
