Press Release29 Aug 2024, 08:55 pm
NBCC Sells Office/Commercial Space Worth Rs. 14,800 Crore Approx. Since Inception
AI Summary
NBCC (India) Limited, a leading public sector enterprise, has achieved a significant milestone by selling 100% of the office space inventory at World Trade Center (WTC) Nauroji Nagar, New Delhi and 100% retail and commercial space at Downtown Sarojini Nagar, New Delhi. The total worth of the sold office and commercial space is approximately Rs. 14,800 Crore. This achievement demonstrates the exceptional demand for premium commercial space in India's capital and marks a significant milestone for the company.
Key Highlights
- NBCC sold a total unsold inventory of 1.81 lakh sqft of commercial space for Rs. 908.48 Crore.
- 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.
- NBCC has sold the entire 100% office space of 32,87,567 sqft, valuing Rs. 13,408.7 Crore.
- World Trade Centre Nauroji Nagar is a commercial center having approximately 34 lakh square feet of commercial built-up area.
- The project encompasses about 25 acres of land and features 12 towers, each with 10 floors, offering ample space for businesses to grow and expand.