Brokerage firms in race to sell Amrapali housing units in Noida
Real Estate

Brokerage firms in race to sell Amrapali housing units in Noida

A group of brokerage firms have lined up to participate in the sale of property developer Amrapali Group’s 5,192 housing items in Noida and Greater Noida, priced at Rs 2,182.57 crore.

The firms within the competition are Square Yards, Quikr Realty (earlier often known as HDFC Realty), Investors Clinic and JLL.

State-run NBCC had invited tenders from property consultants to take over the selling of housing items of and similarly, 21,897 sq ft of business area cost Rs 25 crore.

The bids have to be approved until July 29. However, NBCC extended the deadline till August 5 following requests from several firms who wanted extra time to judge their tenders.

Gupta said that they are also likely to close to Rs 600 crore from SBI CAP. They are likely to cover up the lost time and deliver the project on time as the chosen firm will help them in selling the units and raising capital.

NBCC is trying to fund the challenge by the sale of unsold items, further FAR and stable receivables from the current prospects.

The housing items are likely to be priced lower than the market charge to attract prospects.

About 40,000 homebuyers in Amrapali’s properties are likely to suffer additional delays in the supply of their homes as the contractors involved in the jobs have threatened to halt work after steady setbacks in funds from NBCC.

Gupta said that there has been some delay due to Covid-19 but things will be back on track soon. They expect the sales to pick up and they will complete the project on time.

NBCC is concerned with the fulfilment of 23 Amrapali Housing tasks, which have been caught amid a fund crisis and declared monetary mismanagement at the true property agency.

NBCC acquired the tasks after a Supreme Court order.

The courtroom had further elected a receiver to sell a few of Amrapali’s belongings like land to lift funds for task completion.

As per the NBCC tender doc for the appointment of channel associate on the market of housing items and business areas, the selected company must clear the inventory within 30 months.

According to the tender doc, the channel associate’s function will include website visits with potential consumers, making ready and sharing market stories, handling all sale-related questions from intending consumers, helping NBCC in making ready and making shows to potential customers and helping transaction closure with potential customers.

The selected bidder is predicted to sell 4% of the items within two months, 25% in six months and 85% in 18 months.

The price of task completion is valued at around Rs 8,500 crore, in keeping with consultants.

Image Source


Also read: Affordable rental housing: DDA nods scheme under Delhi master plan

Also read: AP to develop layouts to offer housing for middle-class families

A group of brokerage firms have lined up to participate in the sale of property developer Amrapali Group’s 5,192 housing items in Noida and Greater Noida, priced at Rs 2,182.57 crore. The firms within the competition are Square Yards, Quikr Realty (earlier often known as HDFC Realty), Investors Clinic and JLL. State-run NBCC had invited tenders from property consultants to take over the selling of housing items of and similarly, 21,897 sq ft of business area cost Rs 25 crore. The bids have to be approved until July 29. However, NBCC extended the deadline till August 5 following requests from several firms who wanted extra time to judge their tenders. Gupta said that they are also likely to close to Rs 600 crore from SBI CAP. They are likely to cover up the lost time and deliver the project on time as the chosen firm will help them in selling the units and raising capital. NBCC is trying to fund the challenge by the sale of unsold items, further FAR and stable receivables from the current prospects. The housing items are likely to be priced lower than the market charge to attract prospects. About 40,000 homebuyers in Amrapali’s properties are likely to suffer additional delays in the supply of their homes as the contractors involved in the jobs have threatened to halt work after steady setbacks in funds from NBCC. Gupta said that there has been some delay due to Covid-19 but things will be back on track soon. They expect the sales to pick up and they will complete the project on time. NBCC is concerned with the fulfilment of 23 Amrapali Housing tasks, which have been caught amid a fund crisis and declared monetary mismanagement at the true property agency. NBCC acquired the tasks after a Supreme Court order. The courtroom had further elected a receiver to sell a few of Amrapali’s belongings like land to lift funds for task completion. As per the NBCC tender doc for the appointment of channel associate on the market of housing items and business areas, the selected company must clear the inventory within 30 months. According to the tender doc, the channel associate’s function will include website visits with potential consumers, making ready and sharing market stories, handling all sale-related questions from intending consumers, helping NBCC in making ready and making shows to potential customers and helping transaction closure with potential customers. The selected bidder is predicted to sell 4% of the items within two months, 25% in six months and 85% in 18 months. The price of task completion is valued at around Rs 8,500 crore, in keeping with consultants. Image Source Also read: Affordable rental housing: DDA nods scheme under Delhi master plan Also read: AP to develop layouts to offer housing for middle-class families

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?