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NBCC (India) Limited , a Government of India enterprise and Navratna CPSE, has invited bids for the e-auction of commercial built-up spaces on a freehold basis under the PMAY Project at Prothrapur, Sri Vijaya Puram .
The commercial spaces include retail shops and office units spread across the ground/stilt, first, second and third floors. The e-auction is being conducted by NBCC on behalf of the Sri Vijaya Puram Municipal Council (SVPMC) , earlier referred to in the document as the Port Blair Municipal Council (PBMC).
The reserve price has been fixed at ₹6,500 per sq ft of Super Built-Up Area (Super BUA) . The lowest listed commercial unit has a reserve sale price of approximately ₹28.99 lakh , while the highest listed unit has a reserve price of approximately ₹3.83 crore , before applicable taxes and other charges.
The e-auction is scheduled for August 21, 2026 , from 11 AM to 3 PM , or until the extended closing period.
https://nbccindia.in/pdfData/RealEstate/PortBlairPMAY/20260727141107_Sale_Application_Form_with_TC_PMAY_PP.pdf
| Particular | Details |
|---|---|
| Organisation | NBCC (India) Limited |
| Project | PMAY Project at Prothrapur, Sri Vijaya Puram |
| Property Type | Commercial Retail/Office Spaces |
| Ownership Basis | Freehold |
| Total Units | 26 |
| Total Carpet Area | 40,683.64 sq ft |
| Total Super Built-Up Area | 59,533.73 sq ft |
| Total Reserve Sale Value | ₹38,69,69,352.12 |
| Reserve Price | ₹6,500 per sq ft of Super BUA |
| Minimum Bid Increment | ₹100 per sq ft |
| Registration Fee | ₹1,770 including 18% GST |
| Auction Processing Fee | ₹17,700 including 18% GST |
| EMD | 1% of Basic Sale Value |
| Pre-Bid Query Deadline | August 17, 2026, by 3 PM |
| Pre-Bid Meeting | August 18, 2026, at 3 PM |
| Last Date for Pre-Bid EMD | August 19, 2026, by 3 PM |
| E-Auction Date | August 21, 2026 |
| Auction Time | 11 AM to 3 PM or extended period |
| Auction Agency | RailTel Corporation of India Limited |
| DSC Requirement | Class 3 Digital Signature Certificate mandatory |
| Offer Document Availability | July 24 to August 19, 2026, up to 3 PM |
The commercial spaces are available across four floors. The reserve price is calculated at ₹6,500 per sq ft of Super Built-Up Area .
| Unit | Carpet Area | Super BUA | Reserve Price | ECS |
|---|---|---|---|---|
| SH0PS-01 | 181 sq ft | 570.71 sq ft | ₹37,09,597.32 | 1 |
| SH0PS-02 | 181 sq ft | 568.23 sq ft | ₹36,93,505.14 | 1 |
| SH0PS-03 | 181 sq ft | 568.34 sq ft | ₹36,94,204.80 | 1 |
| SH0PS-04 | 166 sq ft | 521.30 sq ft | ₹33,88,453.38 | 1 |
| SH0PS-05 | 177 sq ft | 553.48 sq ft | ₹35,97,651.72 | 1 |
| SH0PS-06 | 177 sq ft | 553.48 sq ft | ₹35,97,651.72 | 1 |
| SH0PS-07 | 165 sq ft | 514.95 sq ft | ₹33,47,173.44 | 1 |
| SH0PS-08 | 170 sq ft | 530.99 sq ft | ₹34,51,422.78 | 1 |
| SH0PS-09 | 139 sq ft | 445.95 sq ft | ₹28,98,691.38 | 1 |
| SH0PS-11 | 222 sq ft | 706.33 sq ft | ₹45,91,168.92 | 1 |
| SH0PS-12 | 288 sq ft | 907.30 sq ft | ₹58,97,434.14 | 1 |
The ground/stilt floor has a total Super Built-Up Area of 6,441.07 sq ft , with a combined reserve value of approximately ₹4.19 crore .
| Unit | Carpet Area | Super BUA | Reserve Price | ECS |
|---|---|---|---|---|
| SH0PS101 | 2,129.44 sq ft | 2,915.21 sq ft | ₹1,89,48,891.78 | 2 |
| SH0PS102 | 2,662.26 sq ft | 3,674.08 sq ft | ₹2,38,81,494.78 | 3 |
| SH0PS103 | 1,618.69 sq ft | 2,264.53 sq ft | ₹1,47,19,447.08 | 2 |
| SH0PS104 | 1,341.30 sq ft | 1,847.21 sq ft | ₹1,20,06,865.26 | 1 |
| SH0PS105 | 2,171.10 sq ft | 2,989.16 sq ft | ₹1,94,29,558.20 | 2 |
| SH0PS106 | 3,670.85 sq ft | 5,037.87 sq ft | ₹3,27,46,186.98 | 5 |
The first-floor units collectively have a Super Built-Up Area of 18,728.07 sq ft , with a combined reserve value of approximately ₹12.17 crore .
The second floor has six commercial units with the same areas and reserve prices as the first floor.
| Unit | Carpet Area | Super BUA | Reserve Price | ECS |
|---|---|---|---|---|
| SH0PS201 | 2,129.44 sq ft | 2,915.21 sq ft | ₹1,89,48,891.78 | 2 |
| SH0PS202 | 2,662.26 sq ft | 3,674.08 sq ft | ₹2,38,81,494.78 | 3 |
| SH0PS203 | 1,618.69 sq ft | 2,264.53 sq ft | ₹1,47,19,447.08 | 2 |
| SH0PS204 | 1,341.30 sq ft | 1,847.21 sq ft | ₹1,20,06,865.26 | 1 |
| SH0PS205 | 2,171.10 sq ft | 2,989.16 sq ft | ₹1,94,29,558.20 | 2 |
| SH0PS206 | 3,670.85 sq ft | 5,037.87 sq ft | ₹3,27,46,186.98 | 5 |
The second-floor inventory has a total Super Built-Up Area of 18,728.07 sq ft , with a combined reserve value of approximately ₹12.17 crore .
| Unit | Carpet Area | Super BUA | Reserve Price | ECS |
|---|---|---|---|---|
| SH0PS301 | 3,157.62 sq ft | 4,330.90 sq ft | ₹2,81,50,820.10 | 4 |
| SH0PS302 | 3,978.48 sq ft | 5,420.86 sq ft | ₹3,52,35,577.26 | 5 |
| SH0PS303 | 4,313.24 sq ft | 5,884.79 sq ft | ₹3,82,51,111.86 | 5 |
The third-floor units have a combined Super Built-Up Area of 15,636.54 sq ft , with a total reserve value of approximately ₹10.16 crore .
According to the auction catalogue, the total inventory across the four floors comprises 26 commercial units .
The combined figures are:
Total Carpet Area: 40,683.64 sq ft
Total Super Built-Up Area: 59,533.73 sq ft
Total Reserve Sale Price: ₹38,69,69,352.12
Total Designated ECS: 55
Reserve Rate: ₹6,500 per sq ft of Super BUA
The auction document mentions that GST and all other applicable taxes will be charged separately .
The cost of designated Equivalent Car Spaces (ECS) is not included in the basic sale consideration .
According to the auction terms, approximately one ECS for every 1,000 sq ft of Super Built-Up Area will be allotted at a fixed rate.
Covered parking: ₹2 lakh per ECS
Open parking: ₹2 lakh per ECS
Additional parking: ₹2 lakh per parking space, subject to availability
The exact parking location may be anywhere in the complex, and parking slots may not be continuous. The final decision regarding parking allotment will rest with PBMC/SVPMC and NBCC .
Apart from the basic sale price, buyers will have to pay maintenance and other applicable charges.
Maintenance Charges: ₹7 per sq ft per month of Super BUA, payable in advance for one year.
Interest-Free Maintenance Security (IFMS): ₹25 per sq ft of Super BUA.
These charges are not included in the reserve sale price .
The maintenance services include common-area security, cleaning, common toilets, CCTV surveillance, common services, STP operations and power backup for common areas during specified hours, among other services.
The buyer will separately bear the cost of electricity and water consumed within the purchased commercial unit and certain additional or actual-cost services.
The auction will be conducted on the Super Built-Up Area-based rate per sq ft .
The starting bid is fixed at ₹6,500 per sq ft .
The minimum bid increment is ₹100 per sq ft . For example, a bidder may bid ₹6,500 per sq ft, followed by ₹6,600 per sq ft, ₹6,700 per sq ft and so on.
If a new bid is submitted during the final eight minutes of the auction, the closing time will automatically be extended by another eight minutes. The extension will continue until no fresh bid is received during the final eight-minute period.
The highest bid will not automatically result in allotment. PBMC/SVPMC and NBCC reserve the right to accept or reject the highest bid or cancel the auction process.
Successful bidders will have to follow the payment schedule specified in the auction document.
| Stage | Payment |
|---|---|
| Along with application | EMD equal to 1% of Basic Value |
| Within 15 days of auction closing | 5% of highest bid price × Super BUA, plus applicable taxes |
| Within 30 days of auction closing | 5% of highest bid price × Super BUA, less EMD, plus applicable taxes |
| Within 3 months | 10% of Basic Sale Consideration, plus taxes |
| Within 6 months | 20% of Basic Sale Consideration, plus taxes |
| Within 9 months | 20% of Basic Sale Consideration, plus taxes |
| Within 15 months | 20% of Basic Sale Consideration, plus taxes |
| Within 30 days of fitment offer | 10% of Basic Sale Consideration, plus taxes |
| Within 60 days of possession offer | 10% of Basic Sale Consideration, along with IFMS, maintenance and other charges |
The stamp duty, registration charges, GST and other statutory charges will be payable separately by the buyer.
The document states that the construction status for milestone-linked payments will be certified by NBCC.
The auction terms contain strict payment provisions.
If the amount due within the stipulated period after the auction is not paid, the EMD may be forfeited , and NBCC/SVPMC may proceed with the further sale of the concerned unit.
The bidder cannot withdraw, modify or surrender the bid after the bidding process concludes. If the bid is withdrawn or surrendered, the EMD may be forfeited .
Any delayed payment may attract interest at the specified Default Rate , defined in the document with reference to the State Bank of India's highest applicable Marginal Cost of Funds Based Lending Rate plus 2%, subject to the terms stated in the sale documents.
The auction is open to eligible entities and individuals who are legally competent to enter into a contract in India.
Eligible buyers may include:
Individual buyers
Sole proprietorships
Registered partnership firms
LLPs
Trusts
Registered cooperative societies
Public or private limited companies
State Government departments
Central Government departments
Public Sector Undertakings
Government autonomous bodies
Entities must submit the relevant authorisation documents, including a Power of Attorney or Board Resolution , wherever applicable.
Companies, firms, trusts and other entities may also be required to submit their incorporation, registration and constitutional documents.
The application form requires buyers to provide details including:
Name of buyer
Buyer status
Date of birth or incorporation details
Father's/Husband's name, where applicable
Co-applicant details
Residential and correspondence address
PAN
Aadhaar, in case of an individual
Contact details
Email ID
Bank account details for refund
Bid price
Unit details
The applicant may also need to submit:
Self-attested PAN card
Aadhaar card for individuals
GST certificate, where applicable
Cancelled cheque
MoA/AoA
Partnership deed, wherever applicable
Board Resolution or authorisation documents for incorporated entities
A maximum of three buyers is mentioned in the application instructions, with additional sheets to be attached for co-buyers.
Interested bidders must register with the auction platform operated by RailTel Corporation of India Limited .
The document specifies:
Registration Fee: ₹1,770, including 18% GST
Auction Processing Fee: ₹17,700, including 18% GST
Both fees are stated to be non-refundable .
A Class 3 Digital Signature Certificate (DSC) is mandatory for bidders.
The auction document also mentions mock e-auction sessions from August 17 to August 19, 2026 , during working hours, to help bidders understand the auction process.
NIO Date: July 24, 2026
Offer Document Available From: July 24, 2026
Last Date for Pre-Bid Queries: August 17, 2026, up to 3 PM
Pre-Bid Meeting: August 18, 2026, at 3 PM
Last Date for Pre-Bid EMD: August 19, 2026, up to 3 PM
Last Date for Offer Document Availability: August 19, 2026, up to 3 PM
Mock E-Auction: August 17 to August 19, 2026
Main E-Auction: August 21, 2026
Auction Timing: 11 AM to 3 PM or extended period
The commercial spaces are being offered on a freehold basis , but the buyer's rights are limited to the purchased specific Built-Up Area as stated in the auction conditions.
The document states that any future increase in Floor Area Ratio (FAR) and development rights will remain with the land-owning authority, namely the Sri Vijaya Puram Municipal Council , subject to applicable laws.
The buyer will not have exclusive rights over common areas or the terrace.
The municipal council will retain rights over the terrace, including potential future development, additional floors or structures, subject to applicable laws.
The commercial shops and office spaces will be provided as bare-shell units .
The internal flooring, false ceiling, internal wiring and other interior works inside the shops and offices will have to be completed by the allottees.
Common areas such as lift lobbies, staircases and corridors will be finished according to the specifications mentioned in the offer document.
The project also provides for common electrical systems, lifts, essential services and power backup arrangements for common areas and essential services, subject to the terms and conditions.
According to the auction document, the physical completion period is 24 months from the issuance of the allotment letter .
However, the completion period may be extended in cases of force majeure events or circumstances beyond the reasonable control of PBMC/SVPMC and NBCC.
Physical possession will be handed over after the required statutory clearances and occupation certificate are obtained, subject to payment of the balance sale consideration and other outstanding dues.
The document also allows for provisional possession in certain circumstances for carrying out interior works before final statutory approvals. However, the buyer can start functioning from the commercial unit only after final possession and required approvals.
Maintenance of the complex's common areas and services will initially remain with PBMC/SVPMC and NBCC for the specified period.
The buyer must sign the maintenance agreement before taking possession.
Maintenance charges are specified at ₹7 per sq ft per month of Super BUA , while the IFMS is ₹25 per sq ft .
If a buyer delays taking possession after the specified offer date, holding charges of ₹2 per sq ft per month may be imposed, in addition to maintenance charges and applicable interest.
The sale terms contain provisions allowing the bidder to further sell the purchased Built-Up Area on a freehold basis after payment of the specified 10% security deposit , subject to the conditions in the auction document.
Before execution of the final Sale Deed, transfer of allotment to a third party may be considered by the Sri Vijaya Puram Municipal Council at its discretion.
Any transfer is subject to approval, applicable transfer or administration charges and payment of outstanding dues.
The document also lays down specific provisions for bulk buyers, third-party customers and resale arrangements. Buyers considering this route should carefully review the detailed contractual provisions before participating.
The auction document specifies different forfeiture provisions depending on the stage at which cancellation occurs.
Failure to pay the required 10% within the stipulated period: Entire EMD may be forfeited.
Cancellation after payment of 10%: 10% of the final successful bid price may be forfeited, along with applicable taxes.
Cancellation after payment of more than 10%: 10% of the total sale consideration may be forfeited, along with applicable taxes and interest as per the Sale Agreement.
Refunds, after applicable deductions, are generally to be processed within the period specified in the sale conditions.
NBCC has advised prospective buyers to carefully inspect and satisfy themselves regarding the location, Built-Up Area, carpet area, title, statutory approvals and other project details before submitting their applications.
Participation in the auction is treated as confirmation that the bidder has examined the relevant details and understood the terms and conditions.
Prospective bidders should also download the latest version of the auction catalogue before the auction because corrigenda or updates may be incorporated into the catalogue .
Interested buyers should follow these broad steps:
Read the complete NBCC auction catalogue and terms and conditions.
Check the unit-wise reserve price and Super Built-Up Area.
Register on the designated RailTel e-auction platform.
Submit the required KYC and registration documents.
Obtain a valid Class 3 DSC .
Pay the applicable registration and auction processing fees.
Deposit the required EMD through the permitted online payment gateway .
Participate in the e-auction on August 21, 2026 .
If successful, follow the prescribed payment schedule and submit the required documents.
Complete the agreement and other formalities as specified by NBCC/SVPMC.
The complete offer document, auction catalogue and any corrigendum should be checked on the official websites mentioned in the auction notice before participating.
The auction document lists the NBCC office handling the process at:
Office of the Executive Director (Engg.), NBCC (India) Limited
1st Floor, Lucy's Arcade, Old Railway Station Road,
Kacheripady, Kombara, Kochi, Kerala – 682018.
The document also provides NBCC contact numbers 80088 84369 and 73200 48811 for assistance.
The NBCC E-Auction 2026 at Prothrapur, Sri Vijaya Puram , offers a sizeable inventory of commercial retail and office spaces on a freehold basis . With a reserve price of ₹6,500 per sq ft of Super Built-Up Area , the listed units range from smaller ground-floor shops to larger office or commercial spaces extending beyond 5,000 sq ft of Super BUA .
The e-auction is scheduled for August 21, 2026 , while bidders must complete registration, EMD and other formalities within the prescribed deadlines. Since GST, parking, maintenance, IFMS, stamp duty, registration charges and other applicable costs are additional , prospective buyers should calculate the total acquisition cost carefully before bidding.
Disclaimer: This article is based on the NBCC auction document supplied for review. Auction dates, unit details, fees, terms and conditions may be modified through corrigenda or official updates. Prospective bidders should verify the latest official auction catalogue and terms directly with NBCC/SVPMC and the designated auction platform before making any payment or participating in the e-auction.
