NBCC Earns INR 821 Crore from Sale of Commercial Space in Delhi Through Auction

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    NBCC (India) Ltd, the state-owned construction firm, has successfully concluded an auction, generating INR 821 crore in revenue from the sale of commercial properties in Nauroji Nagar, New Delhi. The auction, the company’s 20th of its kind, featured commercial space within the World Trade Centre at Nauroji Nagar.

    In an official statement released on Wednesday, NBCC disclosed that a total of 1.98 lakh square feet of built-up area was sold, contributing to the significant revenue achieved. Notably, a substantial portion of the total space, equivalent to 1.23 lakh square feet, with a valuation of INR 518.08 crore, was acquired by private entities.

    To date, NBCC’s endeavors in the real estate sector have culminated in the sale of a total of 17.79 lakh square feet through open e-auctions, amassing an impressive value of INR 7,194.10 crore.

    The successful auction showcases NBCC’s prowess in strategically navigating the real estate market, thereby further solidifying its position as a prominent player in the industry.

    Also read: Gautam Buddha Nagar District Plans Auction of 38 Wave Group Shops over Debt

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