NBCC sells Avenue Towers apartments in Delhi for Rs 5,191 crore through e-auction

New Delhi: NBCC (India) Limited has successfully sold residential apartments spread across approximately 8.80 lakh square feet at Avenue Towers in Sarojini Nagar, New Delhi, for around Rs 5,191 crore through an e-auction.

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The state-owned construction and project management company disclosed the development in a regulatory filing dated October 29, 2026.

NBCC will receive a marketing fee equivalent to 1 percent of the total sale value, according to the filing. Based on the reported sale value, this translates to approximately Rs 51.91 crore.

The residential apartments are located at Avenue Towers on Africa Avenue Marg in Sarojini Nagar, New Delhi.

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The company informed the stock exchanges about the successful completion of the e-auction.

However, the filing did not provide details of the number of apartments sold, the buyers or the timeline for completion of the sale transactions.

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