A significant milestone in Seychelles' housing development was marked this morning with the signing of an agreement between the Government of Seychelles andNBCC (India) Limitedfor the implementation of the first phase of theÎle Aurore Housing Development Project,which will deliver1,008 affordable housing units.

The agreement was signed during a ceremony held at the Office of the Vice President Sebastien Pillay by theSecretary of State for Lands, Housing and Infrastructure, Mr Joseph François, on behalf of the Government of Seychelles, andMr Pradeep Sharma,Executive Director of NBCC (India) Limited.

The project forms part of the development partnership between Seychelles and India following PresidentDr Patrick Herminie'sState visit to India in February 2026, during which the Government of India announced aUSD 175 million Special Economic Packagefor Seychelles. As part of that package,USD 75 millionhas been allocated through theExport-Import (EXIM) Bankof Indiato finance the construction of the affordable housing project and its supporting infrastructure.

Under the agreement, NBCC (India) Limited will provide comprehensive project management and consultancy services for the planning, design, procurement and implementation of the development, including the construction of1,008 affordable housing units,associated roads and utility infrastructure, and a new sewage treatment plant that will serve Île Aurore and surrounding areas.

The first phase of the project, expected to be completed by2029,will comprise moderntwo-bedroom and three-bedroom apartmentswithin multi-storey residential buildings, representing the first high-rise affordable housing development of its kind in Seychelles.

The Île Aurore Master Plan is a flagship national development project that will ultimately accommodate at least1,800 residential units,alongside schools, commercial facilities, recreational spaces, supporting infrastructure and other public amenities, contributing significantly to the Government's vision of expanding access to quality, affordable housing for Seychellois families.

Today's agreement marks another important step in strengthening the longstanding partnership between Seychelles and India while advancing Government's commitment to addressing the country's housing needs and building sustainable communities for future generations.