NBCC sells 8.80 lakh sq ft of Delhi residential property for ₹5,191 crore

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The state-owned company conducted the auction on behalf of the central government and will receive a marketing fee linked to the sale.

By PTI

Updated - October 29, 2026 at 04:14 PM. | New Delhi

NBCC Ltd sold residential apartments covering 8.80 lakh sq ft at Avenue Towers in Sarojini Nagar, New Delhi, for ₹5,191 crore.

State-owned NBCC Ltd has sold 8.80 lakh sq ft of residential real estate in the national capital for Rs 5,191 crore.

The sale is on behalf of the central government to fund redevelopment projects.

In a regulatory filing on Thursday, the company said it has "successfully sold residential apartments of approximately 8.80 lakh sq ft area at Avenue Towers, Africa Avenue Marg Sarojini Nagar, New Delhi through an e-auction at total sale value of approximately Rs 5,191 crore."

NBCC will get marketing fee of 1 per cent of the sale value.

Delhi-based NBCC is into project management consultancy (PMC) and real estate businesses.

Published on October 29, 2026

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