National Buildings Construction Corporation (NBCC) announced the intention to foray into a new business venture of E-commerce.

The services which NBCC will render comprises of sale of built-up properties of NBCC like real estate business, government departments, financial institutions and private developers.

The sale of properties belonging to private developers shall be subject to its due diligence in respect of title of land, approval of drawings from statutory bodies, quality and cost of building and its financing etc.

NBCC will, in this new venture also render their services as consultant or lender's engineer to different banks and financial institutions for project appraisal, monitoring of progress and assisting or advising them for sanctioning the loan and releasing the instalments.

Shares of the company declined Rs 2.8, or 0.3%, to settle at Rs 919.90. The total volume of shares traded was 83,543 at the BSE (Wednesday).