NBCC to monetise plots in upscale areas of Delhi

Government-owned construction company NBCC, is selling off a large plot in upscale Golf Links in Lutyens’ Delhi, earmarked for residence of its chairman and managing director, and a bungalow in Asiad Village to monetise the land. The bungalow in Asiad Village, which is earmarked for residence of NBCC’s director (finance), is expected to meet most of the cost of half a dozen apartments that the PSU has purchased for all its directors at the East Kidwai Nagar complex. The 600-yard plot in Golf Links, where construction had not been carried out, is estimated to add between Rs 80-90 crore to NBCC’s coffers.