Advertisement
In a significant development within the commercial real estate segment, NBCC Ltd, a government-owned construction and consultancy firm, has secured an INR 161.55 crore project from Power Finance Corporation (PFC) for the complete interior fit-out of its newly purchased office space at the World Trade Centre in Nauroji Nagar, New Delhi. The Memorandum of Understanding between the two entities was signed earlier this week. The office space, spread across all ten floors of Tower-H (G+9), spans a total carpet area of 2,70,758 square feet. This collaboration highlights the growing demand for premium commercial spaces in strategic business districts.
State-owned construction major NBCC Ltd announced that it had secured a project worth INR 161.55 crore from Power Finance Corporation (PFC) to undertake the interior development of a newly acquired office space located at the World Trade Centre, Nauroji Nagar in New Delhi. Advertisement
According to a statement issued by the company, NBCC formalised this agreement by signing a Memorandum of Understanding with PFC. The scope of work includes comprehensive interior and fit-out tasks for PFC?s premises in the landmark commercial complex.
PFC had recently acquired an expansive carpet area totalling 2,70,758 square feet in Tower-H of the World Trade Centre project, developed by NBCC. The space spans ten floors, from ground level up to the ninth floor, making it one of the more significant acquisitions in the area?s Grade-A commercial real estate segment.
The statement further detailed that NBCC would be responsible for transforming the entire space into a fully functional and aesthetically designed office environment, with the estimated project value pegged at INR 161.55 crore.
NBCC, which operates in the domains of project management consultancy and real estate development, has previously been involved in several high-profile government infrastructure and redevelopment initiatives across the country. The Nauroji Nagar development is one of the three mega projects NBCC has been undertaking as part of the redevelopment of government housing colonies in the national capital.
As the Nauroji Nagar commercial hub continues to evolve, such strategic tie-ups are expected to inject further momentum into the capital?s Grade-A office segment, setting benchmarks for quality and functionality in government-backed developments.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
