NBCC Announces Fresh E-Auction of 262 Ultra-Luxury Apartments in Delhi’s Chanakyapuri
After cancelling its earlier auction, NBCC has announced a fresh e-auction of 262 ultra-luxury apartments at Avenue Towers in Sarojini Nagar, New Delhi, with bidding scheduled for October 19, 2026. -
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NBCC released a fresh e-auction application document on October 3, 2026, for 262 apartments at Avenue Towers.
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The reserve rate is ₹37,161 per sq. ft. of super built-up area (SBUA), with apartment sizes ranging from approximately 4,239 to 4,780 sq. ft. SBUA.
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The EMD submission deadline is October 17, 2026, while the fresh e-auction is scheduled for October 19, 2026.
Delhi: The National Buildings Construction Corporation (NBCC) has announced a fresh e-auction of 262 ultra-luxury residential apartments at Avenue Towers, located on Africa Avenue in Sarojini Nagar, New Delhi. The latest auction follows the cancellation of the previous e-auction, which had been announced in July 2026 and subsequently cancelled in August.
NBCC released the fresh auction application document on October 3, 2026, bringing the high-end residential properties back to the market. The upcoming auction offers another opportunity for prospective buyers and investors to bid for premium apartments in one of Delhi’s prominent residential locations.
The apartments have a reserve rate of ₹37,161 per sq. ft. based on the super built-up area. According to the latest auction details, the carpet area of the apartments ranges from approximately 2,518 to 2,598 sq. ft., while the SBUA ranges from around 4,239 to 4,780 sq. ft.
One PAN Card Allowed for Only One Apartment
One of the key conditions in the fresh auction is the restriction of one unit per valid PAN card. Under this rule, a bidder cannot apply for or bid on multiple apartments using the same PAN card, either directly or indirectly.
This condition is particularly important for individuals and investors planning to participate in the auction for more than one apartment. Prospective bidders should carefully review the application document and eligibility conditions before submitting their applications.
Important Dates for NBCC Avenue Towers E-Auction 2026
NBCC has outlined the following schedule for the fresh e-auction of Avenue Towers apartments:
| Event | Date and Time |
|---|---|
| Fresh application document released | October 3, 2026 |
| EMD submission deadline | October 17, 2026, 8 PM |
| Mock e-auction | October 18, 2026 |
| Final e-auction | October 19, 2026, 12 PM–2 PM |
| Auction extension | As per NBCC auction rules |
The actual bidding period may be extended according to the auction’s applicable terms. Interested participants should complete their registration and EMD submission within the prescribed deadline to avoid last-minute issues.
Earlier E-Auction Was Cancelled in August 2026
The latest announcement follows two major developments involving the same 262 apartments.
In July 2026, NBCC announced an e-auction for 262 ultra-luxury residential apartments at Avenue Towers in Delhi. However, on August 20, 2026, the corporation cancelled the auction, putting the proposed sale on hold.
The fresh notification released on October 3 brings the apartments back into the auction process. The new schedule provides interested buyers with another opportunity to participate, subject to the revised application document and its terms.
How to Participate in the NBCC Avenue Towers E-Auction
Interested buyers should refer to the latest NBCC Avenue Towers application document for registration procedures, eligibility requirements, EMD details, payment conditions and the allotment process.
The auction document, project brochure and circulation plan are important resources for evaluating the available apartments and understanding the bidding process. Buyers should also carefully assess the apartment configuration, applicable charges and financial commitments before participating.
With 262 ultra-luxury apartments being offered at a reserve rate of ₹37,161 per sq. ft. of SBUA, the fresh auction is likely to attract attention from buyers looking for premium residential properties in New Delhi.
