State-owned construction firm NBCC (India) Ltd on Friday said it has sold nearly 4 lakh square feet of commercial space at the World Trade Centre in Nauroji Nagar, South Delhi for Rs 1,557.51 crore through an auction.

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NBCC conducted 21st auction for the sale of commercial space in the World Trade Centre, Nauroji Nagar.

"The company has sold a total unsold commercial inventory of 3.91 lakh sq. Ft. (approx) having sale value of Rs 1,557.51 crore," NBCC said in a statement.

Out of the total area sold, 2.97 lakh square feet having sale value of Rs 1,183.7 crore has been sold to private entities.

"This is the highest sale realisation in a single auction since the launch of WTC, New Delhi in 2017," the company said.

So far, NBCC has sold a total unsold commercial inventory of 21.7 lakh square feet through open e-auction having sale value of Rs 8,751.61 crore.

Housing and Urban Affairs ministry has appointed NBCC as implementing agency for re-development of Nauroji Nagar. NBCC is authorized to market the commercial space on freehold basis.