NBCC Share Price in Focus; Sells Avenue Towers Apartments for ₹5,191 Crore

Written by: Team Angel OneUpdated on: 29 Oct 2026, 9:09 pm IST

NBCC has sold around 8.8 lakh sq. ft. of residential apartments in New Delhi through an e-auction for about ₹5,191 crore.

NBCC has completed an e-auction of residential apartments at Avenue Towers in Sarojini Nagar, New Delhi, with the sale fetching around ₹5,191 crore.

The apartments cover approximately 8.8 lakh square feet. In a stock exchange filing dated October 29, the company said it will receive a marketing fee equal to 1% of the sale value.

Avenue Towers Sale Completed

The auction covered residential units at Avenue Towers on Africa Avenue Marg in Sarojini Nagar. NBCC confirmed the total sale value in its filing but did not disclose the number of apartments sold or the identities of the buyers.

The marketing fee works out to approximately ₹51.91 crore based on the announced sale value, subject to the final amount used to calculate the fee.

What the Deal Means for NBCC

The transaction adds a sizeable property sale to NBCC’s work in project management and real estate development. The company’s disclosed income from this transaction is the marketing fee, rather than the full apartment sale value.

NBCC Price Performance

As of October 29, 2026, at 3:19 PM, NBCC share price was trading at ₹71.95 per share, reflecting a 3.02% surge from previous closing price.

Conclusion

The Avenue Towers e-auction generated a reported sale value of about ₹5,191 crore across 8.8 lakh square feet of residential space. NBCC is set to receive a 1% marketing fee from the transaction.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Oct 29, 2026, 3:39 PM IST

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