NBCC Sells 4.8 Lakh Square Feet Commercial Space At World Trade Centre - ThePropzy

The World Trade Center (WTC) in Delhi has witnessed a significant milestone as NBCC (India) Ltd, the state-owned construction giant, successfully sold 4.8 lakh square feet of prime commercial space for an impressive Rs 1,905 crore. This transaction was part of the company's 25th e-auction, further solidifying WTC Nauroji Nagar’s reputation as a premier commercial hub in South Delhi.

The recent auction attracted a mix of major public sector enterprises and private companies, underscoring the high demand for premium office spaces in this strategic location. Some of the prominent buyers in this auction included Power Finance Corporation Limited, Security Printing and Minting Corporation of India Limited, and Solar Energy Corporation of India Limited. These organizations are now set to establish their presence in one of Delhi’s most modern and well-connected commercial centers.

NBCC Has Sold Over 30 Lakh Square Feet of Commercial Property

As part of its ongoing redevelopment efforts, NBCC has now successfully auctioned over 30 lakh square feet of commercial space, generating a total transaction value exceeding Rs 12,100 crore. Out of the most recent auctioned space, approximately 4.38 lakh square feet, worth around Rs 1,740 crore, was acquired by Public Sector Undertakings (PSUs). The latest e-auction saw five successful bids, including three PSUs and two private companies.

The redevelopment of the World Trade Center is progressing at a rapid pace, with NBCC reporting that over 94% of the physical construction work has already been completed. The project is set to transform the skyline of South Delhi, offering state-of-the-art office spaces equipped with world-class infrastructure and amenities.

World Trade Center: Delhi’s Largest Commercial Hub

The World Trade Center in Nauroji Nagar is being developed as the largest commercial hub in the region, boasting a built-up area of nearly 34 lakh square feet. The project replaces 628 aging government apartments with cutting-edge office spaces designed to cater to the needs of modern businesses.

Strategically located, WTC enjoys excellent connectivity to key business districts, parks, and transportation hubs, including Ring Road, metro stations, airports, and AIIMS. The site’s proximity to these essential landmarks makes it an ideal choice for corporations looking for a prime location in the capital.

This transformation is part of a broader redevelopment initiative covering multiple General Pool Residential Accommodation (GPRA) colonies in Delhi. The WTC site, which previously housed nearly 600 government residential quarters for over five decades, is among the seven GPRA societies being revamped. Other redeveloped GPRA locations include Sarojini Nagar, Kasturba Nagar, Netaji Nagar, Srinivaspuri, Mohammadpur, and Thyagraj Nagar.

NBCC Aims to Complete Sales by Fiscal Year-End

The World Trade Center project has received an official license from the World Trade Center Association (WTCA) in New York, further cementing its status as a premier global business destination. The project includes a total of 3.4 million square feet of commercial space available for sale, with funds from these transactions playing a crucial role in financing the redevelopment of the seven GPRA colonies.

As of now, four out of the planned twelve buildings are fully ready for occupancy, with two central government ministries already operational within the complex. NBCC, operating under the Union Ministry of Housing and Urban Affairs (MoHUA), is focused on completing the entire project by the end of the current fiscal year.

With nearly 80% of the total commercial space already sold, the remaining inventory is expected to attract further interest from both public and private sector enterprises. Some of the key organizations that have secured space in earlier auctions include HDFC, GAIL, Petronet LNG, and Oil India.

The World Trade Center, once fully operational, will serve as a dynamic business hub, offering cutting-edge facilities, excellent connectivity, and a thriving corporate ecosystem, making it one of the most sought-after commercial destinations in Delhi. 

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Comments

  1. TanbinMarch 24, 2025 at 10:10 PM

    The sale of 4.8 lakh square feet of commercial space by NBCC is a significant indicator of the rising demand in India's real estate sector. It’s encouraging to see such large-scale developments taking place, signaling strong investor confidence and urban expansion. As more businesses move into these commercial hubs, the need for customized office interiors and functional renovations becomes crucial. That’s where professionals like R for Remodelers come in—they offer expert remodeling solutions that help transform raw commercial spaces into efficient, modern workplaces tailored to specific needs.

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