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NBCC Conducts Auction For Unsold Inventory In WTC, New Delhi, Achieves Sale of Rs 1557.51 Crore

New Delhi: NBCC (India) Limited conducted 21st auction for the sale of commercial space in the World Trade Centre, Nauroji Nagar, New Delhi. The Company sold a total unsold commercial inventory of 3.91 lakh sq. ft. (approx.) having sale value of Rs. 1557.51 crore, out of which 2.97 lakh sq.ft. area having sale value of Rs. 1183.7 crore has been sold to private entities. This is the highest sale realisation in a single auction since launch of WTC, New Delhi in 2017.

As on date, the company has sold a total inventory of 21.7 lakh sq.ft. through open e-auction with a sale value of Rs. 8751.61 crore.

Ministry of Housing and Urban Affairs (MoHUA), Government of India has appointed NBCC (India) Ltd, a Navratna, Govt. of India Enterprise, as implementing agency for re-development of Nauroji Nagar, New Delhi. NBCC is authorized to market the commercial space on freehold basis.