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NBCC resolves land dispute with Delhi, securing 21 acres for development after paying ₹220 crore.
NBCC has settled a long-standing land dispute with the Delhi government, securing 21.23 acres in Ghitorni for a mixed-use project under the Delhi Master Plan 2021.
The company will pay ₹220 crore, including a ₹135 crore land premium and interest, to resolve arrears dating to 2006.
A perpetual lease deed grants development and sub-leasing rights, with the project expected to yield 4.45 lakh sqm of built-up area and ₹8,500 crore in revenue.
The agreement will be filed with the Delhi High Court, allowing NBCC to withdraw its writ petition.
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NBCC resuelve la disputa de tierras con Delhi, asegurando 21 acres para el desarrollo después de pagar ₹220 crores.