NBCC Secures 21-Acre Delhi Land for ₹8,500-Cr Project After Dispute Settlement

• NBCC settled a long-standing land dispute with the Delhi government, acquiring 21.23 acres in South Delhi.
• The state-owned company plans to develop a mixed-use real estate project on the Ghitorni land.
• The project is estimated to generate approximately ₹8,500 crore in revenue from a 4.45 lakh sq. meter built-up area.
• NBCC will pay the Delhi government a total of ₹220 crore, including land premium, interest, and ground rent arrears.
• The settlement resolves litigation over a 42.46-acre parcel, with the land now equally divided.

Why It Matters: NBCC's land dispute settlement paves the way for a massive ₹8,500-cr mixed-use project in Delhi.