NBCC Limited, an established public sector enterprise known for its expertise in construction, engineering and project management, has recently announced that the company sold 100% of the office space inventory at World Trade Center (WTC) Nauroji Nagar, New Delhi, as well as 100% of the retail and commercial space at Downtown Sarojini Nagar, New Delhi.
The company sold 100% office space at WTC, Nauroji Nagar, New Delhi valuing Rs. 13,408.7 crore and 100% retail and commercial space at Downtown, Sarojini Nagar, New Delhi valuing Rs. 1,390.92 Crore.
World Trade Centre, Nauroji Nagar, New Delhi:
In the exchange filing, the company shared, “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/Govt. 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.”
Downtown Sarojini Nagar:
Furthermore, NBCC has successfully sold all of the commercial space in DownTown. NBCC recently sold the balance unsold commercial inventory of 3.52 lakh square feet through a bulk sale, having a sale value of approx 1,343 Crore. With this, NBCC has successfully sold all 3.64 lakh square feet of inventory, valued at around Rs. 1,391 crore.
