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05-Jun2017

NBCC plans to auction 11 office towers to raise Rs 12,000 crore: Report

NBCC (India) is reportedly planning to raise Rs 12000 crore through e-auction of 11commercial towers in South Delhi. The proceedings from this e-auction will go towards redevelopment of government colonies in Delhi, including high-rise residential towers for government staffers at the existing colonies.

NBCC is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.


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