State-Owned NBCC Sells 4.8 Lakh Sq Ft Of Commercial Space For Rs 1,905 Cr At WTC Delhi

State-owned construction giant NBCC (India) Ltd has achieved a significant milestone in the realm of commercial real estate with the successful sale of 4.8 lakh square feet of prime commercial space at the iconic World Trade Centre (WTC) in Delhi. The transaction, valued at a staggering Rs 1,905 crore, underscores the robust demand for premium commercial properties in the capital city.

The sale, conducted through the 25th e-auction, witnessed enthusiastic participation from major entities, including Power Finance Corporation Limited, Security Printing and Minting Corporation of India Limited, and Solar Energy Corporation of India Limited. Notably, the sale attracted interest from both public sector undertakings (PSUs) and private entities, with five successful bidders clinching deals for the coveted commercial space.

Out of the total area sold, approximately 4.38 lakh square feet, with a sale value of around Rs 1,740 crore, were acquired by PSU entities, reaffirming the government's commitment to investing in prime commercial assets. This strategic move not only strengthens NBCC's financial position but also enhances its reputation as a trusted partner in delivering top-notch real estate solutions.

With this latest transaction, NBCC has now sold over 30 lakh square feet of commercial inventory through 25 e-auctions, accumulating a remarkable sale value exceeding Rs 12,100 crore. Such impressive achievements underscore NBCC's relentless dedication to driving growth and delivering value to its stakeholders.

The redevelopment project at the World Trade Centre in Nauroji Nagar, south Delhi, is poised to transform the landscape of the area, offering approximately 34 lakh square feet of commercially constructed area in lieu of 628 outdated and decaying quarters. Situated amidst major establishments, recreational areas, and key transportation hubs such as the Ring Road, metro stations, airports, and AIIMS, the WTC enjoys unparalleled connectivity and accessibility.

NBCC's emphasis on quality and timely delivery is evident in the rapid progress of the project, with more than 94 percent of the physical work already completed. As Delhi continues to evolve as a thriving economic hub, the World Trade Centre stands as a testament to modernity and progress, attracting businesses and investments from across the globe.

NBCC's successful sale of commercial space at the World Trade Centre in Delhi underscores the company's strong market position and reflects the growing demand for premium real estate in the capital. With its proven track record and commitment to excellence, NBCC remains at the forefront of India's real estate sector, poised to unlock new opportunities and create lasting value for its stakeholders.