India, Dec. 27 -- National Buildings Construction Corporation (NBCC) Limited is planning a new mixed-use development in South Delhi's Ghitorni after its land ownership hurdles were cleared.

According to NBCC details, the company reached a breakthrough settlement with the government to end litigation that has been going on since 1967 concerning 42.46 acres of land in Sultanpur-Ghitorni village.

NBCC can develop the land in line with the Master Plan for Delhi 2021, permitting mixed-use development and sub-leasing under city zoning norms. The project could generate around 4.45 lakh square metres of built-up area, with projected revenue of around Rs.8,500 crore, NBCC said.

"A detailed plan will soon be prepared regarding the same. We may c...