NBCC (India) Limited has successfully concluded an e-auction, selling approximately 2.34 lakh sq. ft of commercial built-up space at Bharat Business Park, Sarojini Nagar, New Delhi. The total sale value for this transaction amounts to approximately Rs. 1,236 crore. The company will also receive a marketing fee of 1% of the sale value.
NBCC Concludes Major E-Auction for Commercial Property
NBCC (India) Limited has announced the successful conclusion of an e-auction for its commercial built-up space located at Bharat Business Park, Sarojini Nagar, New Delhi. This significant transaction highlights the company’s effectiveness in monetizing its assets and generating substantial revenue.
Key Transaction Details
The e-auction resulted in the sale of approximately 2.34 lakh square feet of commercial space. The total sale value generated from this auction is reported to be approximately Rs. 1,236 crore. Furthermore, NBCC (India) Limited is set to receive a marketing fee equivalent to 1% of the total sale value, adding to its income from this deal.
Project Location and Significance
The commercial space sold is situated in Bharat Business Park, a prime location in Sarojini Nagar, New Delhi. This sale is a testament to the demand for commercial real estate in strategic urban centers and NBCC’s capability to develop and market such properties successfully. The company has made information regarding this sale available on its official website.
Source: BSE
