NBCC to develop Nauroji Nagar project as ‘World Trade Centre’
State-owned NBCC today announced that it has got a licence to develop a commercial project at Nauroji Nagar in the national capital as ‘World Trade Centre’. The government has engaged construction firm NBCC as the implementing and marketing agency for redevelopment of three colonies – Nauroji Nagar, Netaji Nagar and Sarojini Nagar – here on sustainable finance model.
“We have got the licence from WTC, New York recently to develop the Nauroji Nagar commercial hub as World Trade Centre(WTC),” NBCC’s Chairman and Managing Director Anoop Kumar Mittal told reporters here.
In this complex, he said there are 12 commercial towers, spanning over 3 million sq ft area. This project is expected to be completed by 2020. The World Trade Centres Association (WTCA) has given licences for the development of 21 WTCs in India. At present five WTCs are operational at Mumbai, Bengaluru, Pune, Noida and Kochi. Of 12 towers, NBCC in June this year sold nearly 3 lakh sq ft office space in an upcoming commercial tower at Nauroji Nagar for Rs 1,100 crore to five companies – PFC, HDFC, HPCL, SIDBI and Energy Efficiency Service