NBCC Completes Sale of 3.5 Lakh Sq. Ft. Commercial Space at Down Town Sarojini Nagar

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NBCC Announces Successful Sale of Commercial Space in Down Town Sarojini Nagar, New Delhi

Team Finance Saathi

29/Aug/2024

Key Points:

NBCC has sold 100% of the commercial built-up space at Down Town Sarojini Nagar.

Total commercial inventory sold: 3,64,876 sq. ft.

Sale value: Rs. 1,390.92 crore.

The sale was conducted through open e-auction and bulk sale.

NBCC acted as PMC & Marketing Consultant for the Ministry of Housing and Urban Affairs.

In a significant development, NBCC (India) Limited has announced the successful completion of the sale of commercial built-up space at Down Town Sarojini Nagar, New Delhi. This milestone is a notable achievement for the company, which served as the Project Management Consultant (PMC) and Marketing Consultant for the Ministry of Housing and Urban Affairs, Government of India.

The project, which was managed in a self-sustainable mode, has seen the sale of 100% of its commercial built-up space. The total inventory of unsold commercial space amounted to approximately 3,52,499 sq. ft. with a sale value of Rs. 1,342.28 crore. This bulk sale was completed successfully with a private entity.

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Furthermore, NBCC has sold a cumulative total of 3,64,876 sq. ft. of commercial space through open e-auction, generating a total sale value of Rs. 1,390.92 crore. This achievement highlights the effective execution and marketability of the commercial spaces under the project.

The details of this successful transaction are also available on NBCC’s official website at NBCC India.

This sale marks a significant accomplishment for NBCC and underscores the company's capability in handling large-scale real estate transactions. It also reflects the robust demand and value of commercial properties in prime locations like Sarojini Nagar, New Delhi.

For further information, please refer to the official announcement on NBCC’s website or contact the company directly.

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NBCC Announces Successful Sale of Commercial Space in Down Town Sarojini Nagar, New Delhi

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