India, Dec. 27 -- State-owned NBCC on Friday said it will get a 21.23-acre land parcel in south Delhi as its share following settlement of a dispute with the Delhi Governmentand the company will develop on this site a mixed-use real estate project with an estimated revenue of about '8,500 crore. NBCC will have to pay '220 crore to the Delhi government. In a regulatory filing on Friday, NBCC informed that "a settlement has been reached between NBCC Ltd and the Government, NCT of Delhi (GNTCD) to resolve the long pending litigation regarding a land admeasuring 42.46 acres in Sultanpur/Ghitorni village in Delhi."

As per the settlement, the total 42.46-acre Ghitorni land will be equally divided between NBCC and the state government. Accordin...