India, July 19 -- NBCC (India) Limited, the state-owned National Buildings Construction Corporation, will e-auction 262 ultra-luxury apartments, each measuring over 4,000 sq ft (saleable area), in Delhi's upscale Chanakyapuri, with a starting price of Rs.15 crore per unit, sources said.

The project is expected to be completed within the next two years and is expected to generate approximately Rs.4,400 through the e-auction process, the sources said.

The proceeds will fund the redevelopment of General Pool Residential Accommodation (GPRA) colonies in Sarojini Nagar, Netaji Nagar and other CPWD residential colonies such as Sriniwaspuri and Kasturba Nagar in Delhi.

"NBCC (India) Limited will be e-auctioning 262 ultra-luxury apartments und...