Business Standard
State-owned NBCC Ltd, on behalf of the government, has sold 14 lakh sq ft commercial space in South Delhi for Rs 5,779 crore. In a regulatory filing on Friday, NBCC informed that it has "successfully sold commercial built-up space of approx 14 lakh square feet area at Bharat Business Park, Sarojini Nagar, New Delhi, through an e-auction at a total sale value of approx. Rs 5,779 crore." NBCC will get a marketing fee of one per cent of the sale value. NBCC has been developing and selling commercial space in South Delhi on behalf of the government. The funds are used for the redevelopment of residential colonies. Later in a statement, NBCC Ltd said that the e-auction had offered super built-up area of 23.44 lakh sq ft across 8 towers. The auction saw an overwhelming response from international/domestic MNCs, corporates and institutional buyers. "The auction resulted in a total sale value of approximately Rs 5,779 crore, based on highest bid rates for super built-up area of approximat
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