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NBCC helps Delhi get its own World Trade Centre

State-owned firm will raise 12 commercial towers in Nauroji Nagar

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Believe it or not but the Capital will soon get its own World Trade Centre. According to Anoop Kumar Mittal, chairman & MD of the National Buildings Construction Corporation (NBCC), the company has got a licence to develop a commercial project at Nauroji Nagar in the national capital as World Trade Centre.

Speaking at a press conference on Wednesday, Dr Mittal said that there would be 12 commercial towers in the complex, spanning over 3 million sq ft. This project is expected to be completed by 2020. One of the twelve towers planned has already been sold in April this year and another will also be put up for sale in October.

Mittal said that conglomerates like Hindustan Petroleum Corporation Limited, Power Finance Corporation, Energy Efficiency Services Limited, HDFC Bank and SIDBI have bought space in the tower already sold. The rate is Rs 100 crore for a minimum 25,000 sq feet area.

The World Trade Centres Association (WTCA) has given licences for the development of 21 WTCs in India. At present, five WTCs are operational, in Mumbai, Bengaluru, Pune, Noida and Kochi.

The CMD said another project in East Kidwai Nagar, worth Rs 5,000 crore, which has 78 residential towers and four commercial, will be complete by 2019. Its social infrastructure project which includes community hall, school, and shopping centre is ready.

Mittal also talked about various redevelopment works the NBCC is undertaking including the Integrated Exhibition-cum-Convention Centre which has come at a cost of Rs. 2,149 crores. He shared details on Rs 25,000-crore redevelopment projects secured recently at Netaji Nagar, Sarojini Nagar and Nauroji Nagar in Delhi.

WHAT NBCC IS DOING

  • Developing World Trade Centre of 12 towers
     
  • Creating Integrated Exhibition-cum-Convention Centre for ITPO
     
  • Redevelopment project in East Kidwai Nagar (Rs 2,149cr)
     
  • Redevelopment work in AIIMS (Rs 5,828cr)
     
  • Creating 10 ‘smart’ railway stations in India
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