Archive · 27 Dec 2025
NBCC to Develop ₹8,500 Crore Project After Ghitorni Land Settlement
NBCC, a government company, has settled a long-standing dispute with the Delhi government over a 42.46-acre land parcel in Ghitorni.
As part of the settlement, NBCC will receive 21.23 acres of land and will pay ₹220 crore to the Delhi government.
The company plans to develop this land into a mixed-use real estate project, which is expected to generate around ₹8,500 crore in revenue.
The development will result in a built-up area of approximately 4.45 lakh square meters.
The settlement will be submitted to the Delhi High Court for approval.
NBCC and Delhi government settled a dispute over 42.46 acres of land in Ghitorni, South Delhi.
NBCC will receive 21.23 acres of land and pay ₹220 crore to the Delhi government.
The company plans to develop a mixed-use real estate project with an estimated revenue of ₹8,500 crore.
The development will result in a built-up area of 4.45 lakh square meters.
The settlement will be submitted to the Delhi High Court for approval.
- Who
- NBCC (India) Limited and Delhi Government
- What
- Settlement of land dispute and development of a mixed-use real estate project
- When
- December 26, 2025
- Where
- Ghitorni, South Delhi
- Why
- To resolve long-pending litigation and develop a prime land parcel
- Land Parcel Size
- 21.23 acres
- Estimated Revenue
- ₹8,500 crore
- Payment to Delhi Government
- ₹220 crore
- Land Premium
- ₹135 crore
- Interest Payment
- ₹15 crore
- Built-up Area
- 4.45 lakh sq metre
- Location
- Ghitorni, South Delhi
