Nagarjuna Construction Company (NCC) is likely to go ahead with its twin tower project NCC Harmony in Dubai. The project in Dubai is being taken up through NCC's subsidiary NCC Urban.

NCC was planning to construct twin towers for commercial and residential purposes covering 2.3 million sq ft. However, it had to put the project on hold due to slow down in Dubai property market.

Now, the company plans to go head with the project. It has invested close to Rs 50 crore from so far and also infused about Rs 180 crore collected in the form of advances from buyers on civil works. The twin towers are to have 32 floors. However, in the first tower, which the company plans to take up immediately, it is likely to seek further payments from the buyers after about six floors have been built.

The construction of both the towers is estimated to cost about Rs 1,500 crore and the first tower is expected to cost about Rs 750 crore.

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