Minister Jaishankar laid foundation stone of MEA residential complex
The complex will be built at a cost of Rs. 261.70 crore.

New Delhi: Shri Dr. S. Jaishankar, Minister of External Affairs, laid the foundation stone of the new MEA residential complex at KG Marg, New Delhi on September 5, 2023.
The complex will be built at a cost of Rs. 261.70 crore and is expected to be completed in three years.
Smt. B.K. Sokhey, Director (Finance), NBCC & Shri Rajendra Chaudhari, Sr. ED (Coord), NBCC were also present.
Background
In August 2022, NBCC had signed a Memorandum of Understanding with the ministry for redevelopment of MEA housing complex (Old) at Kasturba Gandhi Marg for a tentative cost of Rs 175 crore.
NBCC inked an MoU with Currency Note Press (CNP) under Security Printing and Minting Corporation of India Ltd (SPMCIL), Maharashtra for planning, designing and execution of upcoming works such as state of art museum, infrastructure development works like treatment plants etc at CNP, Nashik.