- Highest ever sale value recorded in a single e auction by NBCC having sale value for Rs.5779.44 Crs.
- The e-auction resulted in sale of 5 out of 8 towers
- Sold Super built-up area of approximately 14 lakh sq. ft. out of 23.44 lakh Sq. ft.
NBCC has successfully concluded the e-auction of commercial built-up space on freehold basis at Bharat Business Park (BBP), Sarojini Nagar, New Delhi. The e-auction had offered super built-up area of approximately 23.44 lakh sq ft. across 8 towers and witnessed an overwhelming response from International/domestic MNCs, Corporates and Institutional buyers. The auction resulted in a total sale value of approximately Rs 5779 crore, based on highest bid rates for Super built-up area of approximately 14 lakh sq. ft. auctioned in 5 towers. This has resulted in the highest ever sale value recorded in a single e-auction by NBCC.
The strong participation and competitive bidding led to sell-out of inventory across multiple towers and floors, reaffirming the attractiveness of the project as a premium commercial destination in South Delhi.
NBCC extends its sincere thanks to all investors, corporates and stakeholders for reposing their strong faith in the project and contributing to making the e-auction a grand success.
The successful bidders comprised of both International/domestic MNCs, Corporates and Institutional buyers including few PSUs. The average sale rate in the e-auction was recorded as Rs. 41,207/- per sq.ft., an increase of Rs.2,107/- per sq.ft. (5 % over the reserve price).
Bharat Business Park (BBP) represents a prime commercial asset in the heart of South Delhi, offering a unique business/commercial opportunity. With only a limited inventory remaining, the upcoming second phase of the e-auction presents a rare chance for corporates to own their landmark commercial space.
Bharat Business Park (BBP) in Sarojini Nagar, New Delhi, will be developed by NBCC (India) Limited, a modern commercial office complex designed to provide world-class office infrastructure with sustainable and energy-efficient features. The project is being developed to meet contemporary standards of workplace functionality, safety, and sustainability.
Designed with a strong focus on energy efficiency and sustainability, Bharat Business Park (BBP) will feature solar power systems, solar street lighting, energy-efficient chillers, and an intelligent Building Management System (BMS) for optimized operations. The project incorporates a modular rainwater harvesting system, advanced energy monitoring, EV charging infrastructure, and a Sewerage Treatment Plant (STP) based on MBR technology supporting water recycling and reduced environmental impact. In line with its vision of working towards zero waste, the development will include a garbage chute and waste compactor system, along with efficient resource management systems such as smart AMR/AMI-based ultrasonic water meters for individual units. The complex will also offer centralized air-conditioning, advanced safety and surveillance systems, and 100% power backup, ensuring seamless operations. A three-level basement parking facility with capacity for over 2,800 vehicles further enhances user convenience.
Bharat Business Park (BBP) is being developed as a green, next-generation commercial hub, reinforcing NBCC (India) Limited’s commitment to sustainable urban infrastructure in the national capital.
The funds realized through this e-auction will be utilised towards financing various ongoing redevelopment works, supporting project completion timelines and meeting financial obligations under the Ministry of Housing and Urban Affairs (MoHUA). The monetization model adopted by NBCC continues to demonstrate a self-sustainable approach to large-scale urban redevelopment, significant employment generation, energy efficient initiatives and latest statutory compliances.
With this successful transaction, NBCC has further strengthened its position as a leading public sector enterprise in the real estate sector and continues to set new benchmarks in transparent technology-driven property monetization. The scale of participation, strong price discovery and high conversion rates achieved in this e-auction underline growing investor confidence in well-planned commercial assets backed by government-led development.
The success of this e-auction is expected to have a positive cascading effect on the commercial real estate market in India, enhancing investor sentiment and paving the way for future high-value transactions.