World Trade Centre

State-owned NBCC (India) Ltd on Thursday said it has completed the sale of commercial properties worth around Rs 14,800 crore in the national capital on behalf of the government. In a regulatory filing, the company said it has completely sold office space inventory at World Trade Center (WTC) project in Nauroji Nagar. It has also sold 100 per cent retail and commercial space at Downtown Sarojini Nagar. On behalf of the government, NBCC is re-developing Nauroji Nagar, Sarojini Nagar, and Netaji Nagar, while CPWD is executing the other four colonies -- Kasturba Nagar, Thyagraj Nagar, Srinivaspuri, and Mohammadpur. The funds for the redevelopment of these seven colonies is being generated by NBCC through the sale of commercial space at Nauroji Nagar and Sarojini Nagar. Elaborating more, NBCC said in the WTC project at Nauroji Nagar, it has sold a total unsold inventory 1.81 lakh sq ft of commercial space for Rs 908.48 crore during the 27th e-auction. Of the total area sold, about 1.2

VINEET VERMA, managing director, WTC Bengaluru, and SCOTT WANG, vice-president, Asia-Pacific-WTCA, share their insights into the organisation's growth drivers

West Bengal Chief Minister Mamata Banerjee on Monday said the World Trade Center' in the US is likely to open a branch office in the metropolis, and an MoU in this regard will be signed. The process for identifying land is already underway, she said. "A delegation from the World Trade Center will come to the city on March 21. An MoU will be signed with the state government based on which the branch office will be set up here, Banerjee told reporters outside the assembly. "This will lead to trade opportunities, not only among states, but with different countries as well. It is a matter of pride that Kolkata has been chosen as the main city in the eastern region for the office, the CM added.

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The land was originally allotted to MVIRDC, which then affiliated itself (sub-leased it) to WTC- New York