NBCC sells Delhi residential property for ₹5,191 crore
State-owned NBCC auctioned 8.80 lakh square feet of residential property in New Delhi for Rs 5,191 crore on behalf of the central government.
via Business Line
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NBCC sells Delhi residential property for ₹5,191 crore
State-owned NBCC auctioned 8.80 lakh square feet of residential property in New Delhi for Rs 5,191 crore on behalf of the central government.
- NBCC sold 8.80 lakh square feet of residential property in New Delhi.
- The e-auction generated a total sale value of Rs 5,191 crore.
- The sale was conducted on behalf of the central government.
- Proceeds will be used to fund urban redevelopment projects.
- NBCC will receive a one percent marketing fee for the sale.
State-owned NBCC has completed the sale of 8.80 lakh square feet of residential apartments at Avenue Towers in New Delhi. The e-auction generated a total value of Rs 5,191 crore for the central government.
The proceeds from the sale are earmarked to fund redevelopment projects in the capital. NBCC will collect a one percent marketing fee for managing the successful auction process.