NBCC hands over allotment letter to SBER India

NBCC (India) Limited, a Navratna CPSE under the Ministry of Housing and Urban Affairs, on the evening of September 23 handed over the allotment letter and agreement to sale document for two towers at its Bharat Business Park (BBP), Sarojini Nagar, to SBER India, in one of the largest purchases of Indian office space by a foreign bank.

Dr KP Mahadevaswamy, CMD, NBCC, handed over the documents to Igor Shishkin, Deputy Managing Director, SBER India, at Corporate Headquarters, New Delhi, in the presence of Dr Suman Kumar, Director (Commercial), Anjeev Kumar Jain, Director (Finance), Dr Vijay Choudhary, Senior Executive Director (Finance), NBCC and other senior officers from both organisations.

The two towers cover approximately 5.17 lakh sq ft of super built-up area, having a sale value of more than Rs 2,000 crore. SBER Bank secured them through a competitive e-auction in April 2026, making it the largest single buyer at the project. SBER India has announced plans to set up a Russian Business Centre in New Delhi. The centre will support Russian companies operating in India with banking, legal, tax and audit services. In total, NBCC has successfully sold all the 8 towers spanning approximately 23.44 lakh sq ft, for about Rs 10,000 crore. The project is expected to be completed in 2028.

Other buyers include leading public sector organisations such as IRCTC, Government e-Marketplace (GeM), BPCL, RVNL and National Land Monetisation Corporation Ltd and others.

Speaking on the occasion, Dr KP Mahadevaswamy, CMD, NBCC, said, “SBER India’s decision to make Bharat Business Park its home in Delhi is a strong endorsement of NBCC’s execution capability and of Delhi as a destination for global business.”