New Delhi remains an established luxury residential market because of its concentration of government institutions, diplomatic establishments, commercial centres and urban infrastructure. Africa Avenue Marg, near Sarojini Nagar, offers a central South Delhi location for buyers considering premium residential properties. However, apartment size, acquisition cost and possession timelines remain important factors when evaluating such investments.
NBCC (India) Limited, on behalf of the Ministry of Housing and Urban Affairs (MoHUA), has announced a fresh e-auction of 262 luxury residential apartments at Avenue Towers, Africa Avenue Marg, New Delhi. The reserve prices range from ₹15.75 crore to ₹17.76 crore, with the EMD submission deadline fixed for 17 October 2026 at 8 PM.
The e-auction will take place on 19 October 2026. This is a fresh October re-auction of an existing project, following the cancellation of the earlier July auction in August 2026.
NBCC Avenue Towers 2026: Important auction dates
NBCC may extend the actual auction beyond 2 PM under the prescribed bidding procedure.
NBCC Avenue Towers flat prices, carpet area and EMD
NBCC has listed three apartment categories across nine towers. Their carpet areas, saleable areas and reserve prices differ.
These are reserve prices, not guaranteed final selling prices. Successful bids may be higher.
The official application document identifies apartment Types A, B and C but does not establish their specific BHK configurations. Buyers should refer to the project’s approved floor plans for room layouts.
Carpet area vs super built-up area: What are buyers actually getting?
A significant feature of Avenue Towers is the difference between the usable carpet area and the super built-up area used for pricing.
NBCC Avenue Towers registration fees and initial payment
How does the construction-linked payment plan work?
NBCC requires the accepted bid amount to be paid in stages.
For the construction-linked stages with stated time periods, payment becomes due at the later of the specified construction milestone or the period measured from allotment, in accordance with the official schedule.
The final 10% is payable within 60 days of the offer of physical possession, together with applicable additional charges.
Additional maintenance, club and registration charges
The purchase price does not include every expense.
Based on the notified areas, the initial monthly maintenance works out to approximately ₹25,436–₹28,677 plus GST, depending on apartment type.
The document provides for a 10% increase after the first two years, followed by 15% increases at the end of each subsequent three-year period.
Electricity consumption, certain equipment replacements and other separately chargeable services may also increase the owner’s actual expenditure.
Important cancellation and ownership conditions
The NBCC document contains several conditions buyers should understand before bidding.
Sources
NBCC — Official E-Auction Application Document (57 pages)
Download Original October 2026 Auction PDF
NBCC — Official Property Sale Notices and Corrigenda
Visit NBCC Buy Properties
RailTel eNivida — Official Auction Registration
Open NBCC E-Auction Portal
Delhi Real Estate Regulatory Authority
Visit Delhi RERA
NBCC project email: sales.at@nbccindia.com
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