World Trade Centre Delhi: Completion This Fiscal - NBCC
By Rediff Money Desk, NEWDELHI Feb 19, 2024 18:18
NBCC announces the completion of the World Trade Centre in Delhi's Nauroji Nagar this fiscal, with over 90% physical progress achieved. HDFC, GAIL, and Petronet LNG are among the prominent investors in the project.
New Delhi, Feb 19 (PTI) State-owned NBCC on Monday said the World Trade Centre situated at Nauroji Nagar in the national capital is expected to be completed this fiscal.
In a statement, NBCC said the project is "inching towards completion".
The project is rapidly progressing towards completion with more than 90 per cent of physical progress achieved, it added.
During the recent 23rd auction of World Trade Centre, the company said it sold an unsold commercial inventory of 48,000 sq. ft. 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 9,848 crore (approximately) thereby achieving more than 70 per cent inventory sale," it added.
Many prominent corporates have invested in WTC including HDFC, GAIL, Petronet LNG among others. Recently, HDFC bought a full tower valuing Rs 1,130 crore.
With a workforce of around 3,000 engaged in the construction, NBCC said that the project is expected to be completed in the current 2023-24 fiscal.
As a part of the redevelopment of 7 General Pool Residential Accommodation (GPRA) colonies in New Delhi, NBCC was tasked with the construction of three government colonies at Sarojini Nagar, Nauroji Nagar and Netaji Nagar.
In a statement, NBCC said the project is "inching towards completion".
The project is rapidly progressing towards completion with more than 90 per cent of physical progress achieved, it added.
During the recent 23rd auction of World Trade Centre, the company said it sold an unsold commercial inventory of 48,000 sq. ft. 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 9,848 crore (approximately) thereby achieving more than 70 per cent inventory sale," it added.
Many prominent corporates have invested in WTC including HDFC, GAIL, Petronet LNG among others. Recently, HDFC bought a full tower valuing Rs 1,130 crore.
With a workforce of around 3,000 engaged in the construction, NBCC said that the project is expected to be completed in the current 2023-24 fiscal.
As a part of the redevelopment of 7 General Pool Residential Accommodation (GPRA) colonies in New Delhi, NBCC was tasked with the construction of three government colonies at Sarojini Nagar, Nauroji Nagar and Netaji Nagar.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.67 ( -4.29)
- 67675345
- Vodafone Idea L
- 7.34 ( -0.41)
- 39063581
- AvanceTechnologies
- 0.96 (+ 4.35)
- 22450285
- Standard Capital
- 1.11 (+ 9.90)
- 21182942
- IFL Enterprises
- 1.01 ( -3.81)
- 14393443
MORE NEWS
Sitharaman Responds to Middle Class Tax Relief...
Finance Minister Nirmala Sitharaman responds to an X user seeking tax relief for the...
India's Free Trade Talks Continue: UK, EU...
India's free trade agreements, including those with the UK and EU, are progressing as...
DLF's K P Singh: How GE Came to India
Discover how DLF's K P Singh facilitated General Electric's entry into India,...