Sunday 19th May 2024

NBCC Conducts Auction Sale for WTC, Achieves sale of Rs. 1557.51 Crs

Oct 27th, 2023 7:16 pm | By | Category: SPECIAL NEWS COVERAGE


(THE NEWSMAN OF INDIA.COM)
NBCC (India) Limited conducted 21st auction for the sale of commercial space in the World Trade Centre, Nauroji Nagar, New Delhi. The Company has sold a total unsold commercial inventory of 3.91 lakh sq. ft. (approx.) having sale value of Rs. 1557.51 crore, out of which 2.97 lakh sq.ft. area having sale value of Rs. 1183.7 crore has been sold to private entities. This is the highest sale realisation in a single auction since launch of WTC, New Delhi in 2017.
Further, as on date, the company has sold a total unsold commercial inventory of 21.7 lakh sq.ft. through open e-auction having sale value of Rs. 8751.61 crore.

K.P Mahadeva Swamy
CMD-NBCC (I) Ltd


Ministry of Housing and Urban Affairs (MoHUA), Government of India has appointed NBCC (India) Ltd, a Navratna, Govt. of India Enterprise, as implementing agency for re-development of Nauroji Nagar, New Delhi. NBCC is authorized to market the commercial space on freehold basis.

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