NBCC eyes Rs.1,500-Cr from sale of office spaces in South Delhi

Publicly listed NBCC (India) Ltd is expected to make INR 1,500 crore from sale of upscale office space in central and south Delhi in 2022-23. These funds will help in redevelopment of seven housing colonies in the city. The government had assigned three of these colonies – Nauroji Nagar, Netaji Nagar, and Sarojini Nagar – to NBCC (National Buildings Construction Corporation Ltd). NBCC has so far earned INR 4,416 crore by selling about 1.1 million sq ft.