NBCC Sells Delhi Apartments for 5,191 Crore in E-Auction

NBCC sells approximately 8.80 lakh sq ft of residential apartments at Avenue Towers in Sarojini Nagar, New Delhi, for ₹5,191 crore through an e-auction, earning a marketing fee from the transaction.

State-owned NBCC (India) Limited sells residential apartments spanning approximately 8.80 lakh square feet at Avenue Towers on Africa Avenue Marg in Sarojini Nagar, New Delhi, for around ₹5,191 crore through an electronic auction. The transaction marks a significant sale in the capital’s residential property market and forms part of the company’s real estate development and marketing activities.

According to the company’s regulatory disclosure, the auction covers residential apartments within Avenue Towers, located in the government-led redevelopment area of Sarojini Nagar. NBCC facilitates the sale as part of its role in executing redevelopment projects and monetising real estate assets.

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Under the transaction, NBCC receives a marketing fee equivalent to 1% of the total sale value. Based on the reported transaction amount, the fee works out to approximately ₹51.91 crore, subject to the applicable terms and calculations.

NBCC operates across project management consultancy, engineering, construction and real estate development. The company undertakes infrastructure and redevelopment assignments for government departments and public-sector entities, with property monetisation serving as one of the mechanisms supporting large-scale redevelopment programmes.

The latest residential transaction follows NBCC’s earlier sale of commercial space at Bharat Business Park in Sarojini Nagar. In April 2026, the company sold approximately 14 lakh square feet of commercial built-up area through an e-auction for around ₹5,779 crore. The sale reflects the company’s continued efforts to monetise commercial and residential assets in South Delhi.

Avenue Towers forms part of the broader redevelopment activity in Sarojini Nagar, where residential and commercial developments contribute to the transformation of existing government housing areas. Such projects seek to optimise land use while creating modern residential and business infrastructure in strategically located parts of the capital.

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The ₹5,191-crore residential sale strengthens NBCC’s role in real estate asset monetisation and highlights continued demand for sizeable property offerings in New Delhi. The transaction also underscores the importance of auction-based sales in enabling transparent price discovery for large property portfolios.