Deals26 Dec 2025, 07:11 pm
NBCC (India) Ltd Reaches Settlement with GNCTD over 42.46-acre Land Dispute in Sultanpur/Ghitorni Village
AI Summary
NBCC (India) Limited has announced a settlement with the Government, NCT of Delhi (GNCTD) regarding a long-pending litigation about a 42.46-acre land parcel in Sultanpur/Ghitorni village, Delhi. The settlement divides the land equally between the two parties, giving NBCC 21.23 acres. GNCTD will execute a perpetual lease deed for this portion, allowing NBCC to exercise development rights according to the Master Plan for Delhi (MPD-2021). This includes sub-leasing and mixed-use development under city zoning regulations.
Key Highlights
- NBCC (India) Limited and GNCTD reach settlement over 42.46-acre land dispute in Sultanpur/Ghitorni village.
- Land will be divided equally between the parties, granting NBCC 21.23 acres.
- GNCTD to execute a perpetual lease deed for NBCC's portion, enabling development rights under MPD-2021.
- Sub-leasing and mixed-use development permitted under city zoning regulations.
- Settlement aims to resolve long-standing litigation between the parties.