NBCC offloads 4,80,000 sq ft commercial area in Delhi for Rs 19.05 bn

29 Mar 2024 CW Team

NBCC (India) announced that it had successfully disposed of 4.8 lakh square feet of commercial space in South Delhi for Rs 19.05 billion on behalf of the government.

In the 25th e-auction for commercial space at World Trade Centre (WTC) in Nauroji Nagar there, NBCC claimed to have attained the highest sale realisation to date, having sold 4.8 lakh square feet of commercial space for Rs 19.05 billion.

It was mentioned that major organisations such as Power Finance Corporation, Security Printing and Minting Corporation of India, and Solar Energy Corporation of India were among those who acquired space during the e-auction.

It was further informed that out of the total area sold, approximately 4.38 lakh square feet, with a sale value of about Rs 17.40 billion, had been bought by public sector units (PSUs).

It was revealed that there were five successful bidders in total, three of which were PSU bidders, and two were private entities.

NBCC disclosed that as of the present date, it has managed to sell a total commercial space exceeding 30 lakh square feet through 25 e-auctions, with a total sale value exceeding Rs 121 billion.

The WTC project, considered a landmark development, has attracted prominent buyers from various industries. Progress on the project is reported to be advancing rapidly, with over 94 per cent of physical progress already achieved.

The redevelopment of the World Trade Centre into a commercial hub, boasting approximately 34 lakh square feet of commercial built-up area, is underway, replacing 628 old or dilapidated quarters.

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..