The commercial space sold through e-auction is a part of redevelopment project being executed by NBCC for AIIMS Delhi.
Shares of NBCC traded higher intraday on February 29 after the company executed the e-auction of approximately 61,000 sqft commercial built-up area at Ayurvigyan Nagar in New Delhi.
Basic sale price of the project is Rs 36,000 per sqft and total deal is valued at Rs 272.68 crore.
Grid Controller of India Ltd (a PSU under the Ministry of Power) participated in thee-auction and secured the deal.
The commercial space sold through e-auction is a part of redevelopment project being executed by NBCC for AIIMS Delhi.
The proceeds received from the sale will be utilised for construction of houses for faculty and staff members of AIIMS Delhi