New Delhi: NBCC (India) Limited has successfully concluded the e-auction of commercial built-up space at its flagship project, Bharat Business Park (BBP), Sarojini Nagar, New Delhi. The first phase of the auction has generated a record sale value of approximately ₹5,779 crore, marking the highest-ever value achieved in a single e-auction by NBCC.
Strong Investor Response Across Domestic and International Buyers
The e-auction witnessed overwhelming participation from international and domestic MNCs, corporates, institutional investors, and select PSUs. The strong demand reflects growing confidence in premium commercial real estate assets developed by government-backed agencies.
Out of the total offered inventory, 5 out of 8 towers were successfully sold in this phase.
14 Lakh Sq. Ft. Sold in First Phase of Auction
The auction covered a total super built-up area of approximately 23.44 lakh sq. ft. across eight towers. In the first phase, nearly 14 lakh sq. ft. was sold based on the highest bid rates.
The average sale price was recorded at ₹41,207 per sq. ft., reflecting a 5% increase over the reserve price, highlighting strong price discovery and competitive bidding.
Premium Commercial Destination in South Delhi
Bharat Business Park is being developed as a modern commercial hub in the heart of South Delhi. The project is designed to offer world-class office infrastructure with a focus on sustainability, energy efficiency, and advanced workplace facilities.
Its strategic location in Sarojini Nagar further enhances its appeal as a premium business destination for corporates and institutional buyers.
Sustainable and Smart Infrastructure Features
BBP is designed as a next-generation green commercial complex with advanced infrastructure features, including:
- Solar power systems and solar street lighting
- Energy-efficient chillers and centralized air-conditioning
- Intelligent Building Management System (BMS)
- EV charging infrastructure
- Modular rainwater harvesting system
- Sewage Treatment Plant (STP) with MBR technology
- Smart water meters and energy monitoring systems
- Waste management system with garbage chutes and compactors
- 100% power backup and advanced security systems
- Three-level basement parking for over 2,800 vehicles
These features reinforce the project’s vision of sustainable and technology-driven urban development.
Funds to Support Redevelopment Projects
The funds generated from the e-auction will be utilized to finance ongoing redevelopment projects, support project completion timelines, and meet financial commitments under the Ministry of Housing and Urban Affairs (MoHUA).
NBCC’s monetization model continues to support self-sustaining urban redevelopment while ensuring efficient resource utilization and employment generation.
Boost to Investor Confidence in Commercial Real Estate
The successful auction highlights strong investor confidence in well-planned, government-backed commercial developments. It is expected to positively impact sentiment in India’s commercial real estate sector and encourage future high-value transactions.
About NBCC (India) Limited
NBCC (India) Limited is a Government of India Navratna enterprise engaged in project management consultancy, real estate development, and engineering construction. The company is known for executing large-scale redevelopment projects and promoting transparent, technology-driven asset monetization across the country.
