New Delhi: Delhi's first World Trade Centre under licence from WTC, New York, will be ready by December 2019, AK Mittal, CMD of state-owned National Buildings Construction Corporation (NBCC), which is executing the mega project, said.
Coming up at Nauroji Nagar in south Delhi, the commercial hub with 12 towers spanning over 30 lakh sq feet, will be the first WTC in the national capital.
Being developed on a prime plot of around 25 acres in close proximity to Bhikaji Cama Place, the project with frontage on Ring Road will have state-of-the-art facilities — dedicated space for cultural activities, central air-conditioning, F&B courts, health centres, auditoria, board rooms and conference rooms.
The 12 towers will be green buildings and will have three-level basement parking with a capacity of 8,000 cars and complete power back-up.
The state infrastructure PSU has got licence from World Trade Centre, New York, to develop the commercial project as World Trade Centre.
"We have got licence from WTC, New York, to develop the Nauroji Nagar commercial hub as World Trade Centre," Mittal said. "WTC Delhi is expected to be completed by December 2019. The project will further the mission of 'New India by 2022'," he added.
Mittal said the high-end environment-friendly specifications will generate positive energy throughout the building and the intelligent space design, combining utility and leisure space, will help keep stress at bay.
NBCC has already sold office space in an upcoming commercial tower for Rs 1,100 crore to five companies. The PSU will soon put space in more commercial towers on sale.
The NBCC chief said the company was expecting to earn about Rs 12,000-Rs 13,000 crore from sale of these 12 towers while the construction cost of the project would be around Rs 2,500 crore.
He added that the money would be used to redevelop seven government housing colonies in Delhi.