NBCC Avenue Towers July 2026 e-auction: 262 apartments across Africa Avenue, New Delhi

The EMD (Earnest Money Deposit — a refundable pre-bid deposit) is 2% of the published reserve: ₹31.51 lakh–₹35.52 lakh per apartment. The notice required it on the eNivida portal by the 6 Aug 2026, 8:00 PM IST deadline. The application document says unsuccessful bidders’ EMD is returned within 15 working days of the e-auction without interest; adjustment and forfeiture rules apply to the highest bidder.

NBCC Corrigendum-7 cancelled the auction previously scheduled for 8 Aug 2026, 12:00–2:00 PM IST auction, postponed on 7 Aug and never rescheduled, in a notice dated 19 Aug 2026, for administrative reasons. NBCC says the earnest money deposit and the auction processing fee paid on the RAILTEL portal are both refunded in full within three working days of 19 Aug 2026, to the bank account the applicant gave. It calls the processing-fee refund ex gratia and not a precedent, even though the application document treats that fee as non-refundable. The former slot no longer applies.

The notice offers 262 apartments across 9 towers, under NBCC/Sr. ED/2026/442, dated 17 Jul 2026.

We cover the complete Annexure I catalogue as nine tower summaries rather than reproducing 262 unit-level rows. We record each official update separately and compare NBCC’s current revised application with the earlier copies. It retains the same 262-unit inventory, reserves, EMDs, payment plan, transfer terms and 42-month physical-completion clause while adding two “/ carpet” references and a note confirming the ₹37,161 super-built-up-area starting rate. Corrigendum/Addendum-6 later postponed the 8 Aug session and publishes no replacement date. Check NBCC’s source page and eNivida for the revised date and anything published after our 8 Aug verification.

Reserve prices range from ₹15.75 Cr – ₹17.76 Cr, which works out to about ₹4,00,000 per square metre. The reserve is the authority's floor price, not a guide to the final price. Sizes span 393.84 to 444.03 square metres (approximate; the notice allows variation).

The notice set registration, the EMD, and bidding on the NBCC RailTel eNivida e-auction portal at https://nbccauction.enivida.com/HomePage/loadSiteHomePage/QJcWq2Nqi4YWYMKkl1M68A. The authoritative notice is published on nbccindia.in. BiddingPulse is independent research and is not a party to the auction — verify the published bidding schedule and current status only on the official source.

Beyond the headline figures, the source-backed terms are: Annexure I is the auction schedule: it lists 84 Type A, 93 Type B and 85 Type C apartments; its 4,239.29–4,779.54 sq ft super built-up areas differ slightly from the brochure’s rounded captions; the size card shows the 393.84–444.03 sqm super built-up area used to calculate the reserve; the published carpet-area range is 233.96–241.34 sqm; Corrigendum-3 restates the same reserves per sq ft of carpet area, ₹62,555.51 to ₹68,370.76 — higher only because carpet area is 54%–59% of the super built-up area the price is worked out on; the amount payable, the areas and the EMDs are unchanged; Corrigendum/Addendum-4 expressly moves the EMD deadline to 6 Aug at 8:00 PM, offer-document availability through 8 Aug, the mock auction to two sessions on 7 Aug, and live bidding to 8 Aug from 12:00–2:00 PM or until extended; Corrigendum-7 dated 19 Aug cancels this e-auction for administrative reasons; NBCC says the earnest money deposit and the RAILTEL portal processing fee are both refunded in full within three working days, the fee refund expressly ex gratia and not a precedent, and asks interested bidders to watch its website for any further auction; Corrigendum/Addendum-6 dated 7 Aug had postponed the 8 Aug e-auction for technical reasons, saying a revised date would follow separately; no revised date was ever published, and Corrigendum-7 superseded it; the ₹37,161 per sq ft reserve includes three covered equivalent car spaces for each apartment; parking spaces may be non-contiguous and their location is assigned by NBCC/MoHUA; the agreement treats a final carpet-area variation within ±1% as a no-adjustment band, not as a maximum-variation promise; final super built-up area may change, with consideration adjusted at the bid rate under the application terms; Corrigendum-2 first changed the scheduled close from 1:00 PM to 2:00 PM on 31 Jul; Corrigendum/Addendum-4 later expressly rescheduled live bidding to 8 Aug from 12:00–2:00 PM or until extended, and its own “Earlier Date & Time” column records the prior 31 Jul window as 12:00–2:00 PM; a bid in the final 8 minutes extends that unit’s auction by 8 minutes, repeatedly, with no numerical cap stated; the revised application states a 2% of bid value change-of-allotment charge plus applicable taxes, after at least 50% has been paid and before the Offer for Possession, subject to MoHUA approval and documents; multiple-unit bidding is allowed, but each apartment needs its own EMD; even the highest bid remains subject to NBCC/MoHUA acceptance; the highest bidder must bring the payment to 10% of the bid value, after adjusting EMD, within 15 days of the auction close or face EMD forfeiture; the balance follows the document’s construction-linked instalments; NBCC prints Delhi RERA registration DLRERA2026P0010 and says construction has started, but the reviewed official sources do not publish an exact site-start date or independently certified percentage complete; the official Africa Avenue construction-package tender covers service apartments and a community centre with a 730-day work period; the live procurement record does not publish a unit count, while the later auction annexure offers 262 apartments; clause 21.3 states 42 months from the allotment letter for physical completion, subject to extension terms; possession is a later milestone that additionally requires statutory clearances and an occupancy certificate; a Hindustan Times report published 19 Jul and updated 20 Jul, citing unnamed sources, gives an indicative two-year construction expectation (around Jul 2028); it does not override the buyer-specific 42-month physical-completion term or establish a possession date. BiddingPulse’s verification notes are: NBCC’s current 59-page application republishes Corrigendum-3’s carpet-area columns and Corrigendum-4’s schedule, changes two references to “super built-up / carpet area”, and adds an Annexure-I note that bidding starts at ₹37,161 per sq ft on super built-up / saleable area; our comparison found no further change to the 262-unit inventory, reserves, EMDs, payment plan, transfer terms or 42-month physical-completion clause. Check the underlying source facts against the official notice before acting.