World Trade Centre, New Delhi inches towards Completion

New Delhi: World Trade Center situated in Nauroji Nagar is inching towards completion. The project is rapidly progressing towards completion with more than 90% of physical progress achieved.

During the recent 23 rd auction of World Trade Center the company has sold an unsold commercial inventory of 48000 sq. Ft (approx) having a sale value of Rs 191.20 crore. As on date, the company has sold a total unsold commercial inventory of 24.4 lakh sq.ft. through multiple open e-auctions having sale value of Rs. 9848 crore (approximately) thereby achieving more than 70% inventory sale. With a workforce of around 3000 engaged in the construction of the project, it is expected that the project will be completed in the current FY 2023-24. Many prominent corporate have invested in WTC including HDFC, GAIL, Petronet LNG etc. Recently, HDFC has bought a full tower valuing Rs. 1130 Cr. owing to the popularity of the project.

Read Also : Government extends duration of EMPS 2024 by two months

As a part of the redevelopment of 7 GPRA colonies in New Delhi, NBCC was tasked with the construction of three government colonies, i.e., Sarojini Nagar, Nauroji Nagar and Netaji Nagar. Netaji Nagar originally consisted of 2772 old dilapidated quarters with appx 1.50 lakhs sq.m. BUA. These old dilapidated quarters are being redeveloped with construction of 2458 new GPRA units with appx. 4.82 lakh sq.m. of BUA, GPOA with 2.42 lakh sq.m. and associated social infrastructure.

Sarojini Nagar colony is being redeveloped partly as residential colony with 6730 GPRA quarters having 10.85 Lakhs sq.m. BUA and partly as a Commercial hub with 35000 sq.m. BUA and associated Social infrastructure. The projects will be completed and handed over in phased manner over a period of 2-3 years thereby changing the landscape of nearby adjacent area. The total employment generation across the three colonies executed by NBCC is over 1.12 Cr. man-days till now.

 

Read Also : DMRC invites tender to procure 39 Rolling Stock for Phase-1 project of Odisha Metro

New Delhi's only World Trade Center at Nauroji Nagar recently saw the inauguration of its first office space. The state of the art office of Central Registrar of Cooperative Societies (CRCS) was inaugurated by Shri Amit Shah, Hon'ble Union Minister for Home and Cooperation.

Read Also : RBI issues prompt corrective action framework for urban cooperative banks