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

• State-owned NBCC settled a long-standing land dispute with the Delhi government.
• NBCC will receive 21.23 acres of land in Ghitorni, South Delhi, from a 42.46-acre parcel.
• The company plans to develop a mixed-use real estate project with an estimated revenue of Rs 8,500 crore.
• NBCC will pay Rs 220 crore to the Delhi government, including land premium, interest, and ground rent arrears.
• The settlement grants NBCC development rights under MPD-2021 for a 4.45 lakh sqm built-up area.

Why It Matters: NBCC resolves land dispute, securing prime Delhi land for a massive Rs 8,500 crore real estate project.