NBCC Resolves Delhi Govt Dispute, Unlocks ₹8500 Cr Project; Shares May Soar

• NBCC resolved a long-standing dispute with the Delhi government over 42.46 acres of land in Sultanpur-Ghitorni village.
• NBCC will receive 21.23 acres of land in South Delhi for a real estate project with an estimated revenue of ₹8500 crore.
• The company will pay the Delhi government ₹220 crore, covering land premium, interest, and outstanding ground rent.
• The land grants development rights under Delhi Master Plan (MPD-2021), allowing sub-leasing and mixed-use development.
• NBCC shares are expected to surge, having already risen 32% in one year and 134% in two years.

Why It Matters: NBCC's dispute resolution with Delhi government paves way for a massive ₹8500 Cr project, boosting shares.