Summary
The Major Infrastructure Win by NBCC (India) Limited marks a significant milestone with the company securing a ₹3,700 crore project to develop a state-of-the-art convention centre and IT hub in Rajasthan. Tasked by the Rajasthan government, NBCC will design, construct, and market the Rajasthan Mandapam Convention Centre along with associated commercial, residential, and hospitality infrastructure on a 95-acre site owned by the Rajasthan State Industrial Development and Investment Corporation (RIICO) in Jaipur. This project reflects NBCC’s expanding role as a leading public sector enterprise in urban development and large-scale infrastructure projects across India.
The Rajasthan Mandapam Convention Centre is the centerpiece of this development, planned over 25 acres with a built-up area exceeding 200,000 square meters and seating capacity for 7,000 to 7,500 people, positioning it among the largest and most advanced convention venues in the country. The project also includes the Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and commercial and residential facilities, aimed at fostering economic growth, technological advancement, and tourism in the region. The architectural design integrates cultural motifs symbolizing Rajasthan’s heritage, reinforcing the centre’s identity as a premier event destination.
This initiative aligns with broader government strategies such as the Government of India’s Semiconductor Mission and Rajasthan’s Integrated Clean Energy Policy, supporting innovation ecosystems and sustainable infrastructure development. The project is expected to generate employment, enhance the region’s commercial infrastructure, and attract international events and businesses, thereby contributing significantly to Rajasthan’s industrial and economic landscape. NBCC’s comprehensive mandate—encompassing construction, design, and marketing—demonstrates increased trust in its capacity to deliver complex, multifaceted urban projects.
While the project has been widely praised for its scale and potential benefits, challenges remain related to coordinating multiple development components, policy alignment, and ensuring sustainable financing and innovation ecosystem management. Nevertheless, media coverage and public reception have been largely positive, underscoring the project’s strategic importance in positioning Rajasthan as a leading hub for conventions, IT services, and integrated urban development.
Background
NBCC (India) Limited, a public sector undertaking under the Ministry of Housing and Urban Affairs, Government of India, has established itself as a key player in urban development and infrastructure projects across the country. The company operates mainly in three segments: project management consultancy (PMC), engineering, procurement and construction (EPC), and real estate development. It has been entrusted with implementing various government missions such as AMRUT, PMGSY, Solid Waste Management, and developmental work in the North Eastern Region. NBCC also serves as the PMC for the redevelopment of Pragati Maidan under the India Trade Promotion Organisation. Recognized as a ‘Navratna Company’ since June 2014, NBCC gained enhanced investment autonomy and expanded its operational capacity significantly, with an order book valued at around Rs. 60,000 crore as of 2021.
The Rajasthan government approved a major project worth approximately Rs 3,700 crore aimed at developing the Rajasthan Mandapam Convention Centre along with associated commercial and residential infrastructure. The convention centre, designed to have a seating capacity of 7,500, is to be developed on about 25 acres of land. This project is part of a larger development initiative on 95 acres owned by the Rajasthan State Industrial Development and Investment Corporation (RIICO) along Tonk Road, Jaipur. The developments include the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure. NBCC has been selected as the lead agency responsible for designing, building, and marketing these facilities.
The project’s scale is notable, spanning a built-up area of 390,000 square meters and featuring a world-class convention centre with a capacity for 7,000 attendees in a single format. It will also include six modern exhibition halls covering 150,000 square meters, ample underground parking, and robust infrastructure connectivity. The centre’s interior will showcase cultural elements, including small maps of Rajasthan depicting its vibrant forests and cities, carpets sourced from Uttar Pradesh and Kashmir, and the presence of India’s national bird, the peacock, symbolizing cultural pride. This development reflects NBCC’s growing prominence in shaping India’s infrastructure landscape and the Rajasthan government’s commitment to boosting tourism and business opportunities in the region.
Project Overview
NBCC (India) Limited has secured a significant infrastructure project valued at ₹3,700 crore to develop a state-of-the-art convention centre, IT hub, luxury hotels, and new commercial and residential infrastructure on a 95-acre site owned by the Rajasthan State Industrial Development and Investment Corporation (RIICO) along the B2 Bypass, Tonk Road in Jaipur. The project includes the Rajasthan Mandapam Convention Centre, the Global Capability Centre (GCC) Tower, and an IT Tower, making it a comprehensive urban development initiative aimed at boosting the region’s commercial and hospitality sectors.
The Rajasthan Mandapam Convention Centre itself is planned to be a world-class facility, sprawling over a 25-acre land parcel with a built-up area exceeding 2 lakh square meters. It is designed to host large-scale international exhibitions, trade fairs, conventions, and conferences with a seating capacity ranging between 7,000 and 7,500 people, positioning it as one of the largest convention destinations in India. NBCC will not only be responsible for designing and building the entire complex but will also manage the marketing efforts for the developed infrastructure.
This project aligns with the government’s vision for infrastructural growth and development within Rajasthan, complementing other initiatives like the AIOT Innovation Hub and supporting the broader objectives under the Semiconductor Mission by the Government of India. The integration of commercial, residential, and hospitality components within this development is expected to enhance the economic ecosystem, attract international tourism, and create employment opportunities in the region.
Project Components
The Rajasthan infrastructure project led by NBCC (India) Limited encompasses multiple key developments spread across 95 acres of land owned by the Rajasthan State Industrial Development and Investment Corporation (RIICO) along the B2 Bypass, Tonk Road, Jaipur. The centerpiece of the project is the Rajasthan Mandapam Convention Centre, which alone occupies a 25-acre land parcel with over 200,000 square meters of built-up area. This convention centre is designed as a world-class facility with a seating capacity ranging from 7,000 to 7,500, positioning it among India’s premier convention venues.
In addition to the convention centre, the project includes the construction of a Global Capability Centre (GCC) Tower and an IT Tower, both intended to enhance the region’s technological infrastructure. The developments also feature luxury hotels and new commercial and residential infrastructure to support the broader ecosystem of business, hospitality, and living spaces in the area.
The initiative aligns with broader governmental policies and missions, such as the Semiconductor Mission by the Government of India, aiming to foster innovation and technology-driven growth in the region. It is expected to enable collaboration among startups, MSMEs, academic institutions, and industry players in areas including Industry 4.0, healthcare, agriculture, transportation, energy, environment, and security.
NBCC’s role encompasses the design, construction, and marketing of all these components, reflecting its expanding footprint in urban development and large-scale infrastructure projects nationwide. The total investment for the project is estimated to be around ₹3,700 crore, underlining its significance for Rajasthan’s economic and industrial development.
Financial Aspects
NBCC (India) Limited secured projects worth approximately Rs 3,700 crore from the Rajasthan government, including the design, construction, and marketing of the Rajasthan Mandapam Convention Centre and several other urban development works. This significant contract has contributed to NBCC’s financial growth, reflected in its recent quarterly performance. For the first quarter of FY26, NBCC reported a consolidated net profit of Rs 132 crore, marking a 26.3 percent increase compared to Rs 104.6 crore in the same period of the previous year.
The company’s revenue rose by 11.6 percent to Rs 2,391 crore, while EBITDA improved by 20.3 percent to Rs 110 crore, and the operating margin increased from 4.3 to 4.6 percent. These financial improvements coincide with NBCC’s expanding project portfolio and enhanced operational efficiencies following the Rajasthan contract award. Furthermore, NBCC’s shares have shown robust performance, appreciating by over 32 percent in the last six months and gaining 12.4 percent in 2025 so far.
The investment in the Rajasthan Mandapam Convention Centre is part of a broader push to develop world-class infrastructure, with the convention centre itself planned on a 25-acre site with a built-up area exceeding 2 lakh square metres and seating capacity for 7,000 to 7,500 people. This large-scale project exemplifies NBCC’s strategic positioning as a Navratna PSU, a status that empowers it to undertake investments up to Rs 1,000 crore without explicit government approval and supports its ability to manage substantial infrastructure projects.
Project Approval and Governance
The Rajasthan government has officially approved the development project led by NBCC (India) Limited, with an estimated total investment of approximately Rs 3,700 crore. The project encompasses the design, construction, and marketing of the Rajasthan Mandapam Convention Centre along with other significant urban infrastructure developments on a 95-acre site owned by the Rajasthan State Industrial Development and Investment Corporation (RIICO) along Tonk Road, Jaipur.
NBCC has been appointed as the lead agency responsible for the comprehensive execution of the project. This includes the Rajasthan Mandapam Convention Centre, which will have a seating capacity of 7,500 and will be developed over around 25 acres. In addition to the convention centre, the project involves the creation of a Global Capability Centre (GCC) Tower, an IT Tower, luxury hotels, and new commercial and residential infrastructure.
As a government-owned enterprise specializing in project management consultancy and real estate development, NBCC’s mandate extends beyond construction to include marketing and management of the developed assets. This highlights the increasing trust placed in NBCC for managing large-scale urban infrastructure initiatives within the country.
The governance framework for the project is aligned with the policies and development goals set by the Rajasthan government, facilitating streamlined clearances and approvals through portals such as RajNivesh and e-Mitra, which provide integrated online services for registration, tracking, and approvals. These mechanisms ensure efficient project implementation in accordance with state regulations and timelines.
Project Execution and Management
NBCC Ltd has been designated as the lead agency responsible for the design, construction, and marketing of a large-scale mixed-use development project in Rajasthan, valued at approximately ₹3,700 crore. This 95-acre project, located on land owned by the Rajasthan State Industrial Development and Investment Corporation (RIICO) along the B2 Bypass, Tonk Road in Jaipur, encompasses several key infrastructures including the Rajasthan Mandapam Convention Centre, a Global Capability Centre (GCC) Tower, an IT Tower, luxury hotels, and new commercial as well as residential facilities.
The Rajasthan Mandapam Convention Centre, a centerpiece of the development, is planned as a world-class facility featuring a built-up area exceeding 2 lakh square meters and a seating capacity for 7,000 to 7,500 attendees, reflecting the project’s ambition to cater to both national and international events. NBCC’s role extends beyond construction to include comprehensive marketing responsibilities, underscoring its growing expertise and leadership in managing complex urban infrastructure projects across India.
NBCC’s involvement in this project aligns with its broader mandate, which includes executing and managing various government initiatives such as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Pradhan Mantri Gram Sadak Yojna (PMGSY), Solid Waste Management (SWM), and developmental projects in the North Eastern Region. Additionally, NBCC serves as the project management consultant for the redevelopment of Pragati Maidan under the India Trade Promotion Organisation, highlighting its established credentials in handling multifaceted infrastructure developments.
This strategic project is expected to significantly contribute to the region’s economic growth, positioning NBCC as a key player in the urban development sector and supporting Rajasthan’s vision for enhanced industrial, commercial, and residential infrastructure.
Project Timeline
The project to develop the Rajasthan Mandapam Convention Centre and associated infrastructure began gaining momentum following the selection of NBCC (India) Limited as the lead agency to design, build, and market the complex. This development is situated on 95 acres of land owned by the Rajasthan State Industrial Development and Investment Corporation (RIICO) along the B2 Bypass, Tonk Road in Jaipur.
Key milestones in the timeline include the signing of a joint venture agreement on 22nd February 2022 between RISL, JCKIF, and IIT Jodhpur to establish the AIOT Innovation Hub, which is intended to complement the larger infrastructure initiative by fostering technological innovation in areas such as Industry 4.0, healthcare, and energy. The hub is being registered as a not-for-profit entity, with RISL and JCKIF as shareholders, highlighting the collaborative ecosystem surrounding the project.
Following this, NBCC’s involvement marked a significant phase in the project’s progress, leveraging its extensive experience in urban development and infrastructure projects across India. The Rajasthan Mandapam Convention Centre is planned to be a world-class facility spanning 25 acres, featuring over 2 lakh square metres of built-up area and a seating capacity ranging from 7,000 to 7,500 people. The convention centre is part of a larger development plan that includes the Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure, all aimed at transforming the region’s industrial landscape.
The project aligns with broader governmental initiatives, including the Semiconductor Mission by the Government of India and local policies in Rajasthan, reinforcing the strategic importance of this development in advancing the state’s technological and industrial capabilities. Additionally, companies involved in the project benefit from significant incentives such as a 75% State Goods and Services Tax (SGST) reimbursement for up to seven years and turnover-linked financial support, encouraging sustained economic growth post-installation.
As of the latest updates, NBCC has reported a robust financial performance, with a consolidated net profit increase of 26.3% to Rs 132 crore in the April–June quarter (Q1) of FY26, reflecting the company’s strengthened position to execute this large-scale project effectively.
Architectural and Engineering Features
The Rajasthan Mandapam Convention Centre and the associated development project showcase a blend of modern architectural innovation and culturally inspired design elements. The master plan and architectural design for the exhibition halls and convention centre were crafted by a consortium led by Arcop (Delhi) and Aedas (Singapore), with architects Sanjay Singh and Simón Núñez de Arenas Fraile spearheading the effort. This collaboration resulted in the Integrated Exhibition-cum-Convention Centre (IECC) at Pragati Maidan, constructed at a cost exceeding ₹2,600 crore by the National Buildings Construction Corporation (NBCC).
The convention centre itself is planned on a 25-acre parcel with over 2 lakh square metres of built-up area, aiming to serve as a world-class facility with a seating capacity between 7,000 and 7,500 people. The overall development spans 95 acres and includes the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and commercial as well as residential infrastructure, all designed and built under NBCC’s leadership.
Incorporating cultural motifs, the interiors feature small maps of Rajasthan on the walls that depict vibrant forest and cityscapes, symbolizing a living ecosystem and positive urban environment. Traditional craftsmanship is highlighted by carpets sourced from Uttar Pradesh and Kashmir, while the national bird, the peacock, is prominently represented within Bharat Mandapam, adding a distinct regional identity to the design.
The architectural vision balances functional requirements with aesthetic considerations to create an integrated hub
Expected Impact and Benefits
The Rajasthan project awarded to NBCC (India) Limited is poised to deliver significant economic and infrastructural benefits to the region. With an estimated investment of approximately Rs 3,700 crore, the development will include the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure on a 95-acre site along Tonk Road, Jaipur. The convention centre alone will occupy around 25 acres with over 2 lakh square metres of built-up area, featuring a seating capacity of 7,000 to 7,500 people, establishing it as a world-class facility for large-scale events.
Economically, the project is expected to boost NBCC’s revenue and profitability, reflecting the company’s growing footprint in real estate and urban infrastructure development. The Rajasthan government’s support, including incentives under the Integrated Clean Energy Policy, will further reduce operational costs for related renewable energy initiatives, fostering sustainable growth. These incentives include a 75% reimbursement on State Goods and Services Tax (SGST) for up to seven years and turnover-linked financial support, encouraging long-term investment in green energy projects within the ecosystem.
The development aligns with broader national initiatives, such as the Semiconductor Mission and the AIOT Innovation Hub, creating a synergistic environment for technological advancement and entrepreneurship in Rajasthan. This ecosystem will facilitate collaboration among start-ups, MSMEs, academic institutions, and industry players across diverse sectors including Industry 4.0, healthcare, agriculture, and energy. Additionally, the Rajasthan Centre of Advance Technology (R-CAT) aims to enhance the employability and entrepreneurship skills of local youth by partnering with global tech companies, thereby strengthening the state’s human capital.
Challenges and Risks
The development of the Rajasthan Mandapam Convention Centre and the associated IT hub faces several challenges and risks that could impact its successful completion and operation. One significant risk is the complexity of coordinating multiple large-scale infrastructure projects simultaneously on the 95-acre site, including the Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure. Managing timelines, budgets, and quality standards across such diverse developments requires robust project management and stakeholder collaboration.
Another challenge involves aligning the project with broader policy initiatives, such as the Government of India’s Semiconductor Mission and Rajasthan’s Renewable Energy Policy 2023. While the proposed ecosystem aims to foster innovation in AIOT technologies and renewable energy, regulatory changes or delays in policy implementation could affect the pace and scope of development. Ensuring synergy with local policies and integrating renewable energy solutions like green hydrogen under flexible financing models also introduces financial and operational risks.
Land acquisition and financing models present additional challenges. Although the flexible land payment scheme—requiring only 25% upfront payment with the remainder spread over ten years at 8% interest—is designed to ease financial burdens, any delays or defaults in payments could jeopardize project cash flows and timelines. Moreover, attracting and retaining companies willing to enter long-term captive power agreements (12+ years) to benefit from asset creation incentives is critical but may be challenging amid market uncertainties.
Finally, fostering innovation through collaboration among startups, MSMEs, academic institutions, and industry players demands sustained effort to build an effective innovation ecosystem. Registering the AIOT Innovation Hub as a not-for-profit company is a positive step, but its success depends on continuous engagement and adequate funding, which could be constrained by economic fluctuations or competing priorities.
Media Coverage and Public Reception
The announcement of NBCC (India) Limited securing the ₹3,700 crore project to develop the Rajasthan Mandapam Convention Centre, along with the Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and associated commercial and residential infrastructure, garnered significant media attention. Reports highlighted the scale and ambition of the project, emphasizing its location on 95 acres of RIICO land along Tonk Road in Jaipur and its positioning as a world-class facility designed to boost the region’s economic and infrastructural landscape.
Media outlets praised NBCC’s selection as the lead agency responsible for the design, construction, and marketing of this extensive development, noting the project’s comprehensive approach that includes not only convention and IT facilities but also hospitality and residential components. The Rajasthan Mandapam Convention Centre, with a planned seating capacity of 7,000 to 7,500 people, was frequently cited as a key feature expected to host major events, such as the G-20 main events held at Bharat Mandap’s convention venues, which offer advanced amenities like 16-language translation services and extensive parking facilities.
Public reception has been largely positive, with stakeholders recognizing the potential economic benefits, including job creation and enhanced business opportunities. The project also attracted attention due to incentives offered by the state government, such as a 75% reimbursement of State Goods and Services Tax (SGST) for up to seven years and turnover-linked financial incentives that reduce operational costs and promote sustained business growth. These incentives, coupled with the project’s scale and strategic planning, have been viewed as instrumental in positioning Rajasthan as a burgeoning hub for conventions, IT services, and commercial development.
The content is provided by Avery Redwood, 11 Minute Read
