NBCC Ltd. sells commercial space in 25th e-auction at WTC, Delhi

The construction unit of government NBCC Ltd has sold commercial space of around an area of 4.8 lakh sq ft for ?1905 crore in the World Trade Centre located in Delhi.

NBCC Ltd. sells commercial space in 25th e-auction at WTC, Delhi

According to the official statement released by the company, under the 25th e-auction for commercial space at the World Trade Center (WTC) in Nauroji Nagar here, NBCC achieved the highest sale realization to date with the sale of 4.8 lakh square feet of commercial space for ?1,905 crore.

Out of the total area sold, around 4.38 lakh square feet having an approximate sale value of  ?1,740 crore or equivalent have been sold to public sector undertaking entities. The total number of successful bidders was five, out of which three were PSU bidders and two private entities.

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Till current time, the company has sold a total commercial inventory of over 30 lakh sq ft through 25 e-auctions having a sale value of over ?12,100 crore. The WTC project, a landmark development, has attracted marquee buyers across various industries. The project is rapidly progressing towards completion with more than 94% of physical progress achieved, it said.

Meanwhile, the Power Finance Corporation Limited, Security Printing and Minting Corporation of India Limited, and Solar Energy Corporation of India Limited are some of the major organizations that bought space during the 25th e-auction of the WTC.

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