Connect with us


NBCC Sells Office Space At NBCC Centre, New Delhi For Rs 83.31 Cr


New Delhi, June 28: Navratna Central Public Sector Undertaking NBCC (India) Limited has sold 27,769 sqft office space at the upmarket NBCC Centre in Okhla Phase 1 in the national capital to Balmer Lawrie & Co for a total value of Rs 83.31 crore.

The office is part of the strategically located ‘NBCC Centre’, a Commercial Complex developed by the company that offers world class amenities, makes it one of its kind office building in the vicinity.

“The Profit margin available to NBCC against the said deal will be approximately Rs. 55 cr,” NBCC said.

NBCC Centre comprises three basements and ground plus 8 stories having a total saleable area of approximately 2,36,251 sqft. The construction of the building was completed and completion certificate was obtained from DDA on 29/06/2015.

With this sale, approximately 75 per cent of the commercial space at NBCC Centre stands sold. Some of the leading companies which have taken up office space in the centre are Oil India Ltd., Bharat Dynamics Ltd., Council of Architecture, National Insurance, New India Assurance and Oriental Insurance Company Ltd.


NBCC’s present areas of operations are categorised into three main segments — project management consultancy (PMC), real estate and EPC contracting. The current order book outstanding of the company stands at Rs 80,000 cr.

Latest News

News1 day ago

The real estate sector reacted cautiously to the Union Budget 2023. Here are the excerpts from a cross section of industry stalwarts

Harsh Vardhan Patodia, President, CREDAI National “Through the Union budget 23 – 24, the Government continues to focus on the empowerment...

News1 day ago

Affordable housing gets push in Budget 

New Delhi, Feb 1, 2023:  Union finance minister Nirmala Sitharaman on Wednesday announced an outlay of ₹79,000 crore, an increase of...

Events2 days ago

Art competition at Spectrum Metro 

Noida: Spectrum Metro, in collaboration with Motherhood Women’s and Children’s Hospital, organised a drawing and painting competition on January 26,...

News2 days ago

Housing prices start moving up post Covid, buoyant real estate along with construction activities create jobs, says Economic Survey

New Delhi: The Economic Survey tabled in the Parliament on Tuesday, said that housing prices have started firming up after...

News2 days ago

Andhra Pradesh Kicks-Off Global Investors’ Summit 2023 with Diplomatic Meet: Over 40 Nations Participate, Among Business Delegations & Captains of the Industry

New Delhi, January 31, 2023: The Curtain Raiser to the Andhra Pradesh Global Investors’ Summit 2023, started on Tuesday with...

News2 days ago

Pacific D21 Mall, Dwarka, hosts Tekken India’s Delhi Iron Fist Tournament 2023

New Delhi: Pacific D21 Mall, Dwarka, hosted gaming tournament, Tekken India’s Delhi IronFist 2, on January 28-29, 2023. The event...