At New Delhi’s Nauroji Nagar, NBCC (India) Limited has announced the sale of its entire office space inventory at the World Trade Center.
In the 27th e-auction, the company sold 181,000 square feet of commercial space for ₹908.48 crore. Out of this, approximately 121,000 square feet valued at ₹596.25 crore was purchased by public sector and government entities, while 60,000 square feet, worth ₹312.23 crore, was acquired by private buyers.
The auction saw the highest price per unit reaching ₹62,261 per square foot, surpassing the reserve price of ₹37,161 per square foot. This underscores the high demand for space at WTC, Nauroji Nagar, a prominent business location.
Also Read: Business Soars During Janmashtami Celebrations, Sales Exceed Rs 25,000 Crore, Reveals CAIT
Overall, NBCC has sold 100% of the office space, totaling 3,287,567 square feet, valued at ₹13,408.7 crore. Public sector and government entities acquired 2,300,942 square feet for ₹9,307.65 crore, while private entities purchased 986,625 square feet for ₹4,101.07 crore.
Meanwhile, the redevelopment project of the World Trade Center encompasses about 34 lakh square feet of commercial space, built on a 25-acre site.
It features 12 towers, each with 10 floors, and is equipped with advanced amenities such as high-speed elevators, energy-efficient lighting, and a comprehensive security system.
Must Read: IndiGo Introduces Business Class For The First Time In 18 Years
(With Inputs From ANI)
