NBCC Completes ₹2,000 Crore Plus SBER India Office Deal for 5.17 Lakh Sq Ft in Delhi
New Delhi | September 24, 2026: NBCC India Limited has completed a key transaction with SBER India involving two office towers at Bharat Business Park in Sarojini Nagar, New Delhi, with a combined super built-up area of 5.17 lakh sq. ft. and a sale value of more than ₹2,000 crore.
NBCC handed over the Allotment Letter and Agreement to Sale for the two towers to SBER India, marking a major commercial transaction at the Delhi office development and strengthening business ties between India and Russia.
What Happened in the NBCC-SBER India Deal
The transaction covers two towers at NBCC's Bharat Business Park in Sarojini Nagar.
| Deal Detail | Information |
|---|---|
| Project | Bharat Business Park |
| Location | Sarojini Nagar, New Delhi |
| Buyer | SBER India |
| Towers | 2 |
| Office Area | 5.17 lakh sq. ft. |
| Sale Value | More than ₹2,000 crore |
The transaction gives SBER India a substantial office footprint in one of New Delhi's prominent commercial locations.
NBCC Hands Over Transaction Documents
Dr. K.P. Mahadevaswamy, CMD, NBCC, handed over the Allotment Letter and Agreement to Sale to Igor Shishkin, Deputy Managing Director, SBER India, at NBCC's corporate headquarters in New Delhi.
Senior NBCC officials present at the handover included:
- Dr. Suman Kumar, Director (Commercial)
- Anjeev Kumar Jain, Director (Finance)
- Dr. Vijay Choudhary, Senior Executive Director (Finance)
Senior representatives from SBER India also attended the event.
₹2,000 Crore Plus Transaction Adds Major Office Space
The sale involves more than 5.17 lakh sq. ft. of super built-up office space, making it a significant commercial real estate transaction for NBCC.
For NBCC, the transaction represents monetisation of office assets within Bharat Business Park, while SBER India gains a large dedicated commercial footprint in the national capital.
The scale of the transaction also highlights continued demand for institutional-grade office space in major Delhi commercial locations.
SBER India Expands Its Commercial Footprint
The acquisition provides SBER India with two towers within Bharat Business Park.
The large office footprint can support the bank's business and operational requirements in India while consolidating its presence within a major commercial development.
The transaction is also significant in the context of growing commercial and business engagement between Indian and Russian entities.
NBCC Highlights India-Russia Business Cooperation
NBCC said the transaction further strengthens India-Russia business cooperation.
The company also described it as one of the largest purchases of Indian office space by a foreign bank.
The deal therefore carries significance beyond the individual property transaction, linking a major Indian public sector construction and development company with a Russian banking institution operating in India.
Why the Bharat Business Park Deal Matters
The transaction demonstrates how large commercial developments can generate significant value through institutional office sales.
For NBCC, the deal provides a major commercial transaction from its Delhi portfolio. For SBER India, it provides access to a sizeable office asset within a planned business development.
The transaction also adds to the commercial importance of the Sarojini Nagar area, where Bharat Business Park is positioned as a major office destination.
What Happens Next
The handover of the Allotment Letter and Agreement to Sale marks an important milestone in the NBCC-SBER India transaction.
The two organisations will now proceed with the next stages associated with the office-space acquisition and development.
With 5.17 lakh sq. ft. of office space involved and a transaction value exceeding ₹2,000 crore, the deal remains one of the major commercial property transactions associated with NBCC's Bharat Business Park development.