Business Update23 Mar 2024, 01:23 am
NBCC Sells Unsold Commercial Inventory Worth Rs. 1904.81 Crore At World Trade Centre Auction
AI Summary
NBCC, a Government of India Enterprise and Navratna CPSE, conducted its 25th auction for the sale of commercial space in the World Trade Centre, Nauroji Nagar, New Delhi on March 22, 2024. The company sold a total unsold commercial inventory of approximately 4.79 lakh sq. ft., having a sale value of Rs. 1904.81 crore. Out of this, 0.41 lakh sq. ft. was sold to private entities for Rs. 164.2 crore. As of now, the company has sold a total unsold commercial inventory of 30.08 lakh sq. ft. through open e-auction, with a sale value of Rs. 12,106.13 crore.
Key Highlights
- NBCC conducted 25th auction for commercial space in World Trade Centre, New Delhi
- Approx. 4.79 lakh sq. ft. of unsold commercial inventory sold
- Sold for a total value of Rs. 1904.81 crore
- 0.41 lakh sq. ft. sold to private entities for Rs. 164.2 crore
- Total unsold commercial inventory of 30.08 lakh sq. ft. sold for Rs. 12,106.13 crore