NBCC (India) Limited has informed the Exchange regarding 'NBCC Successfully concludes E-auction of commercial built-up space at Bharat Business Park, Sarojini Nagar, New Delhi'.
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NBCC (India) Limited has successfully completed an e-auction of approximately 14 lakh sq. ft. of commercial built-up space at Bharat Business Park in Sarojini Nagar, New Delhi. The total sale value of the property was approximately Rs. 5,779 crore. Under this arrangement, NBCC will earn a marketing fee equivalent to 1% of the sale value, which amounts to roughly Rs. 57.79 crore. This transaction involves NBCC acting as a marketing agent for commercial space owned by another entity, generating fee-based income rather than construction revenue.
This announcement indicates a positive cash inflow of around Rs. 58 crore in marketing fees for NBCC, representing a modest but steady revenue stream. However, this is not a construction order and does not significantly alter NBCC's core business outlook or order book position.