NBCC Wins Bid for Commercial Tower at Bharat Business Park in New Delhi
NBCC (India) Limited has successfully acquired a commercial tower located in Bharat Business Park, Sarojini Nagar, New Delhi, following its participation in an e-auction process.The company announced the acquisition of the property, which spans approximately 279,989 sq. ft. (super built-up area). The acquired commercial tower is intended for the company’s self-use, leasing purposes, and/or investment.
NBCC participated in the e-auction held on April 16, 2026, and emerged as the highest bidder for the property.
The total estimated investment for the proposed purchase is approximately ₹1,374.45 crores (Rupees One Thousand Three Hundred Seventy-Four Crore and Forty-Five Lakh only), including all duties and taxes. Payments for the acquisition will be structured in stages on a construction-linked basis, governed by the terms and conditions of the e-auction.
The company noted that the completion of necessary formalities and the execution of definitive agreements are required to finalize the acquisition.
NBCC Stock Price Movement
Shares of NBCC (India) Limited are edging higher to ₹93.57 as of 11:48 AM, rallying 0.56% in live trading. The stock shows strong momentum, supported by a substantial volume of 5.08 million shares traded during the session.Source:
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