NBCC (India) Limited has successfully concluded an e-auction for residential apartments at Avenue Towers, New Delhi. The sale generated approximately ₹5,191 crores for the company, covering an area of 8.80 lac sq. ft. NBCC will also receive a marketing fee of 1% on the total sale value, further contributing to its revenue streams. The information was officially announced on October 29, 2026.
NBCC Concludes Major Real Estate E-Auction
NBCC (India) Limited has announced the successful completion of an e-auction for residential apartments located at Avenue Towers, Africa Avenue Marg, Sarojini Nagar, New Delhi. This significant transaction has resulted in total sale proceeds of approximately ₹5,191 crores.
Key Financials and Project Details
The e-auction covered residential apartments spanning an area of roughly 8.80 lac sq. ft. In addition to the sale value, NBCC is set to receive a marketing fee amounting to 1% of the total sale value. This initiative underscores NBCC’s effective asset monetization strategies and its capability to drive substantial revenue through property sales.
The announcement was made on October 29, 2026, and further details can be found on the company’s official website.
Source: BSE
