NBCC Is Quietly Becoming a Real Estate Monetisation Story.

Most investors still look at $NBCC as an EPC and project management company. But its ability to monetise government-owned commercial assets is becoming an interesting second leg. Today, $NBCC disclosed a ₹1,236 crore sale of commercial space at Bharat Business Park, Sarojini Nagar, through an e-auction. It earns a 1% marketing fee on the transaction. This follows its much larger ₹5,779 crore commercial-space auction earlier this year. The interesting question isn't the ₹12 crore fee. It's how much value NBCC can unlock from the enormous pool of government real estate it manages.