NBCC Sells 0.223 Mn Sq. Ft. of Commercial Space in Delhi, Fetches Rs 9.05 Bn "

19 Dec 2023 CW Team

National Buildings Construction Corporation (NBCC) has successfully concluded a significant commercial real estate transaction by selling 0.223 million square feet of space in Delhi, yielding a noteworthy Rs 9.05 billion. This strategic move reflects NBCC's adeptness in leveraging its real estate assets for financial gains.

The sale of commercial space by NBCC underscores the demand for well-located and efficiently designed properties in prime areas of Delhi. The transaction is indicative of the value attributed to commercial real estate assets in the national capital, and the deal is poised to contribute to NBCC's financial strength.

This successful real estate transaction aligns with NBCC's strategic initiatives to optimise its portfolio and unlock value from its commercial assets. The infusion from the sale is expected to bolster NBCC's financial position and support its ongoing and future real estate and infrastructure projects.

As NBCC makes a significant move in the commercial real estate landscape, the deal highlights the vibrancy and potential of the Delhi real estate market. The successful transaction adds to the positive momentum in the commercial property segment and underscores the attractiveness of well-positioned assets for investors and developers.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..