NBCC India, Delhi Govt Resolve Ghitorni Land Dispute
Representative AI image NEW DELHI: The state-owned NBCC (India) Ltd has finalized a settlement with the Government of National Capital Territory of Delhi (GNCTD) to resolve long-standing litigation regarding a 42.46-acre land parcel in Sultanpur–Ghitorni village, south Delhi. As part of the agreement, the land will be split evenly between NBCC and GNCTD, with the company receiving a 21.23-acre portion. NBCC is set to pay a one-time land premium of ₹135 crore, joined by a lump-sum interest of ₹15 crore, totaling ₹150 crore to the GNCTD’s Land & Building Department for dues related to its share of the land. Additionally,…