State-owned NBCC (India) Ltd has made its first move into the overseas real estate market by acquiring a land parcel in Dubai for AED 15 million (around Rs 37 crore), marking a key step in its global expansion strategy.

According to a regulatory filing, NBCC has purchased nearly 15,000 square feet of prime land located in Dubai Mainland through its wholly owned subsidiary, NBCC Overseas Real Estate LLC. The land, measuring 14,776.80 sq ft, will be developed into a mixed-use project, combining residential, commercial or allied components.

The company said the acquisition reflects its intent to diversify and strengthen its real estate portfolio beyond India, leveraging opportunities in high-growth international markets such as the UAE.

NBCC is primarily engaged in project management consultancy and real estate development across the country and has been gradually expanding its footprint.

Dubai continues to attract strong interest from Indian developers and investors. Realty majors such as Sobha Group already have a significant presence in the Dubai property market, while Sunteck Realty has also recently announced its entry. Indian nationals remain among the largest investors in Dubai’s real estate sector.