NBCC Sells 2.34 Lac Sq Ft Space at Bharat Business Park for ₹1,236 Crore
NBCC (India) Limited successfully sold commercial space of approximately 2.34 lakh sq. ft at Bharat Business Park, Sarojini Nagar, New Delhi, for a total sale value of ₹1,236 crore through an e-auction. The company will receive a 1% marketing fee on the sale value.
The sale of commercial space for ₹1,236 crore is a significant transaction for NBCC, contributing to its revenue and market presence.
The company has successfully sold a significant commercial space, generating substantial revenue, which is a positive development.
NBCC (India) Limited has successfully completed the e-auction of commercial built-up space at Bharat Business Park, Sarojini Nagar, New Delhi. The total sale value for approximately 2.34 lakh square feet of area amounts to ₹1,236 crore.
NBCC is set to receive a marketing fee of 1% of the total sale value. Further details are available on the company's website.
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NBCC (India) Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by NBCC (India) Limited. Read the original for the full detail.