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.

NBCC (India) Limited has signed a strategic Memorandum of Understanding (MoU) with Mumbai Port Authority on December 23, 2025, marking a significant business development for the Navratna CPSE. The agreement positions NBCC as the executing agency for a comprehensive infrastructure development project at Mumbai Port's land.

Project Scope and Financial Terms

The MoU outlines the following key details:

Comprehensive Infrastructure Development

The project encompasses multiple infrastructure components that NBCC will handle through planning, designing, execution, and supervision. The scope includes:

• CGO Complex development
• Iconic building construction
• Multilevel car parking facility
• International Convention Centre
• Maintenance of existing buildings, sheds, wharfs, storage areas, and roads

Business Impact

The MoU represents a deposit work arrangement on a turnkey basis, with NBCC serving as the Project Management Consultant for the CGO Complex development. The company has indicated that this agreement falls within the normal course of its business operations, aligning with its core competencies in project management consultancy and execution.

Corporate Disclosure

NBCC has fulfilled its regulatory obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this business development under Regulation 30. The company has also made the information available on its official website for stakeholder access and transparency.