NBCC (India) Limited, appointed as the exclusive Executing Agency, will lead the transformation of a 95-acre prime land parcel through master planning, architectural design, engineering, construction and international-standard marketing. The project will feature the Rajasthan Mandapam Convention Center, Unity Mall and associated commercial and cultural infrastructure, positioning Jaipur as a premier destination for global conventions and retail innovation. RIICO will provide NBCC an initial interest-free advance of INR 50 million, while NBCC will mobilize the remaining funds through the sale and lease of built-up spaces and planned plots.
NBCC will implement a robust, self-financing model and leverage public financial institutions when required for uninterrupted work. The project's investments, includingment financial support up to INR 635 million for the Rajasthan MandapAM, reflect the commitment to timely, transparent and accountable completion. A joint Empowered Committee will monitor progress, designs and milestones, ensuring rigorous oversight and quality.
The project is targeted for completion within 30 months upon receipt of statutory and internal approval. The project is targeted for completed within 30 months upon receipt of federal and internal approval.
