PSUs

NBCC achieves highest sale realization for sale of WTC Nauroji Nagar

By IndianMandarins- 28 Mar 2024
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nbcc-achieves-highest-sale-realization-for-sale-of-wtc-nauroji-nagar

New Delhi (28.03.2024): NBCC (India) Ltd during 25th e-auction for WTC Nauroji Nagar, New Delhi has achieved highest sale realization till date with the sale of 4.8 lakh sqft of commercial space for Rs 1905 crore. Power Finance Corporation Limited, Security Printing and Minting Corporation of India Limited and Solar Energy Corporation of India Limited are the major organizations who bought space during this e-auction.

Out of the total area sold, around 4.38 lakh square feet having sale value of approximately Rs 1,740 crore has been sold to PSU entities. The total numbers of successful bidders were five, out of which three were PSU bidders and two private entities. The sale marks a significant milestone for the company and demonstrates the exceptional demand for premium commercial space in India's capital.
 
As on date, the company has sold a total commercial inventory of over 30 lakh sqft through 25 e-auctions having a sale value of over Rs 12,100 crore. The WTC project has attracted marquee buyers across various industries. The project is rapidly progressing towards completion with more than 94 per cent of physical progress achieved.
 
World Trade Centre is redeveloped as commercial centre having approximately 34 lakhs square feet of commercial built up area which is being constructed in place of 628 numbers of old/ dilapidated quarters. Situated in Nauroji Nagar, the WTC enjoys close proximity to major establishments, recreational areas, and transportation hubs like the Ring Road, metro stations, airports, and hospitals. This makes it an attractive location for businesses seeking excellent connectivity and accessibility. The project encompasses about 25 acres of land and features 12 towers, each with 10 floors, offering ample space for businesses to grow and expand.
 

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