New Delhi (30.08.2024): NBCC (India) Limited has announced the remarkable achievement of selling 100 per cent of the office space inventory at World Trade Center (WTC) Nauroji Nagar, New Delhi and 100 per cent retail and commercial space at Downtown Sarojini Nagar, New Delhi.
During the 27th e-auction, NBCC sold a total unsold inventory 1.81 lakh sqft of commercial space for Rs. 908.48 Crore. Through this e-auction, out of the total area sold, around 1.21 lakh sqft having sale value of approximately Rs. 596.25 Crore has been sold to PSU/Government entities and 0.60 lakh sqft having sale value of Rs. 312.23 was sold to private entities. The highest price fetched in the 27th e-auction for a unit was Rs. 62,261/sqft. against the reserve price of Rs. 37,161/sqft. This showcases the success of WTC, Nauroji Nagar a destination desired by many to base their enterprises.
The sale marks a significant milestone for the company and demonstrates the exceptional demand for premium commercial space in India's capital. With this, NBCC has sold the entire 100% office space of 32,87,567 sqft, valuing Rs. 13,408.7 Crore of which PSU/Government entities bought 23,00,942 sqft having sale value of Rs. 9,307.65 Crore and private entities bought 9,86,625 sqft having sale value of Rs. 4,101.07 Crore.
NBCC has also achieved the 100 per cent sale of Down Town commercial space. Recently, through a bulk sale, NBCC has sold the balance unsold commercial inventory of 3.52 Lakh sqft having a sale value of approx 1,343 Crore. With this, NBCC has successfully sold the entire inventory of 3.64 Lakh sqft valuing approx Rs. 1,391 Crore.
The project includes 329 shops having a built up area of approx 1,81,500 sqft and 300 offices having a built up area of approx 1,84,400 sqft. The size of shops ranges from 138 sqft to 738 sqft while the office size range from 216 sqft to 882 sqft. This commercial project also includes parking facility for approx 675 vehicles.
