NBCC (India) Limited has successfully resolved a long-standing land dispute with the Government of National Capital Territory of Delhi (GNCTD), securing a valuable 21.23-acre parcel in Ghitorni, south Delhi. The company announced on Friday that it plans to develop a mixed-use real estate project on this prime land with an estimated revenue potential of ₹8,500 crore.

Settlement Terms and Financial Structure

The settlement resolves litigation over a 42.46-acre land parcel in Sultanpur/Ghitorni village, with both parties agreeing to an equal division. NBCC will pay a total of ₹220 crore to the Delhi government as part of the comprehensive agreement.

Land Allocation Details

The dispute resolution framework ensures equitable distribution of the contested property between NBCC and the Delhi government.

Project Development Specifications

The company has outlined ambitious development plans for its allocated land parcel, with significant revenue potential and substantial built-up area. The project will comply with Delhi's urban planning framework and zoning regulations under the Master Plan for Delhi (MPD-2021).

Legal Framework and Next Steps

The Government of NCT Delhi will execute a perpetual lease deed in favor of NBCC, establishing clear legal ownership and comprehensive development parameters. The settlement grants NBCC full development rights in accordance with Master Plan for Delhi (MPD-2021), including permissions for sub-leasing arrangements and mixed-use development under city zoning regulations.

The settlement will be submitted before the High Court of Delhi, with NBCC filing an application for withdrawal of the writ petition. This resolution removes a significant legal overhang while providing the company with valuable development assets in Delhi's expanding urban landscape, converting potential liabilities into substantial development opportunities for the project management consultancy and real estate company.

State-owned NBCC (India) Ltd has marked its entry into international real estate markets with the acquisition of prime land in Dubai for AED 15 million, equivalent to ₹37 crore. The strategic purchase represents the company's first step in expanding its real estate business beyond Indian borders.

Strategic Land Acquisition in Dubai

The company announced in a regulatory filing on Wednesday that it has purchased the land through NBCC Overseas Real Estate LLC, a wholly-owned subsidiary established specifically for overseas operations. The acquisition details highlight the company's commitment to international expansion:

Company's Core Business Operations

NBCC operates primarily in two key segments - project management consultancy and real estate development. The Dubai venture marks a significant diversification of its real estate portfolio into international markets, leveraging its established expertise in construction and development.

Growing Indian Presence in Dubai Real Estate

The move positions NBCC among a growing list of Indian real estate companies expanding into Dubai's property market. Sobha Group has already established a significant presence in Dubai real estate, while Sunteck Realty recently announced its foray into the Dubai market. The Dubai property sector continues to attract substantial investment from Indian nationals, making it an attractive destination for Indian real estate developers.

Market Expansion Strategy

This acquisition represents NBCC's inaugural step into overseas real estate operations, with the Dubai Mainland location chosen for its prime positioning and mixed-use development potential. The establishment of NBCC Overseas Real Estate LLC as a dedicated subsidiary demonstrates the company's structured approach to international market entry and its commitment to building a sustainable overseas presence.