First Office Space Inaugurated At World Trade Centre Nauroji Nagar, New Delhi  

New Delhi: World Trade Centre at Nauroji Nagar, New Delhi recently saw the inauguration of its first office space. The office of CRCS was inaugurated by Union Minister for Home and Cooperation Amit Shah. CRCS will be occupying approximately 41,000 sqft of super built up area valuing approximately Rs. 165 crore at World Trade centre (WTC), Nauroji Nagar. The world trade centre will also have provision for ample car parking space, says a press release issued by the company.

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

As on date, the company has sold a total unsold commercial inventory close to 24 lakh sq.ft. through multiple open e-auctions having sale value of over Rs. 9600 crore 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 projects, Commercial space of Rs. 2,650 Crore was sold in the last 6 months. 

NBCC has been a pioneer in bringing and successfully implementing the Redevelopment Model. In view of shortage of housing/land monetization/restrained budgetary support, a unique self-revenue generating model to redevelop the existing old dilapidated Govt. colonies and properties was taken up by NBCC which is a self-sustaining model (without any burden on Government exchequer).  The sale proceeds generated from commercial units generated helps in constructing the GPRA colonies residential accommodation.  

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. CPWD was given the responsibility of other 4 colonies.

Netaji Nagar originally consisted of 2772 old dilapidated quarters with appx 1.50 lakhs sqm BUA. These old dilapidated quarters are being redeveloped with construction of 2458 new GPRA units with appx. 4.82 lakh sqm of BUA, GPOA with 2.42 lakh sqm and associated social infrastructure. Sarojini Nagar colony is being redeveloped partly as Residential colony with 6730 GPRA quarters having 10.85 Lakhs sqm BUA and partly as Commercial hub with 35000 sqm BUA and associated Social infrastructure. The projects will be completed and handed over in phased manner in the time of next 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.