New Delhi: Navratna Central Public Sector Undertaking NBCC (India) Limited has sold 27,769 sqft office space at the upmarket NBCC Centre in Okhla Phase 1 in the national capital to Balmer Lawrie & Co for a total value of Rs 83.31 crore.
The office is part of the strategically located ‘NBCC Centre’, a Commercial Complex developed by the company that offers world class amenities, makes it one of its kind office building in the vicinity.
“The Profit margin available to NBCC against the said deal will be approximately Rs. 55 cr,” NBCC said.
NBCC Centre comprises three basements and ground plus 8 stories having a total saleable area of approximately 2,36,251 sqft. The construction of the building was completed and completion certificate was obtained from DDA on 29/06/2015.
With this sale, approximately 75 per cent of the commercial space at NBCC Centre stands sold. Some of the leading companies which have taken up office space in the centre are Oil India Ltd., Bharat Dynamics Ltd., Council of Architecture, National Insurance, New India Assurance and Oriental Insurance Company Ltd.
NBCC’s present areas of operations are categorised into three main segments — project management consultancy (PMC), real estate and EPC contracting. The current order book outstanding of the company stands at Rs 80,000 cr.
ABOUT NBCC
NBCC (India) Ltd is a navratna enterprise under the Ministry of Housing and Urban Affairs. Certified with ISO 9001:2008 from the Bureau of Indian Standards in respect of Project Management and Consultancy, the company’s present areas of operations are categorised into three main segments: Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.
The company is listed with both the Stock Exchanges since 2012. With consolidated revenue of Rs 7,096 crore, NBCC has been growing with a consistent upward trajectory of 20 per cent CAGR in the past five years. The company’s unique business model has today makes it stand out as a leader in its own right in the construction sector with more than Rs 80,000 cr order book in hand.
