NBCC Sells 446 Noida Flats for Rs 14.68 Bn
Real Estate

NBCC Sells 446 Noida Flats for Rs 14.68 Bn

State-owned NBCC (India) Ltd has successfully sold 446 apartments in Noida for a total value of Rs 14.68 billion, conducted via e-auction.

In a regulatory filing on Friday, NBCC confirmed the sale of 446 residential units at Aspire Silicon City, Phase IV, located in Sector 76, Noida, Uttar Pradesh. The total transaction amounted to approximately Rs 14.679 billion, and NBCC will earn a 1 per cent marketing fee on the sale value.

The sales are part of the broader directive issued by the Supreme Court, which established the Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) to facilitate the completion of stalled housing projects previously undertaken by the Amrapali Group.

NBCC was appointed as the project manager to complete around 38,000 pending flats and deliver them to affected homebuyers. The proceeds from the e-auction will aid in accelerating project execution and repaying the debt incurred to finance construction.

This initiative not only advances housing delivery for long-waiting buyers but also reflects NBCC’s role in reviving stalled real estate developments through transparent and structured mechanisms.

State-owned NBCC (India) Ltd has successfully sold 446 apartments in Noida for a total value of Rs 14.68 billion, conducted via e-auction.In a regulatory filing on Friday, NBCC confirmed the sale of 446 residential units at Aspire Silicon City, Phase IV, located in Sector 76, Noida, Uttar Pradesh. The total transaction amounted to approximately Rs 14.679 billion, and NBCC will earn a 1 per cent marketing fee on the sale value.The sales are part of the broader directive issued by the Supreme Court, which established the Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) to facilitate the completion of stalled housing projects previously undertaken by the Amrapali Group.NBCC was appointed as the project manager to complete around 38,000 pending flats and deliver them to affected homebuyers. The proceeds from the e-auction will aid in accelerating project execution and repaying the debt incurred to finance construction.This initiative not only advances housing delivery for long-waiting buyers but also reflects NBCC’s role in reviving stalled real estate developments through transparent and structured mechanisms.

Next Story
Real Estate

Vikas Jain named President of NAREDCO Maharashtra NextGen

Vikas Jain, CEO of Labdhi Lifestyle, has been appointed President of NAREDCO Maharashtra NextGen, succeeding Ridham Gada, who now serves as Vice-Chairman. Jain, a first-generation developer and turnaround specialist, aims to steer the youth wing of NAREDCO Maharashtra through a finance-driven and tech-enabled growth phase. Under his leadership, the association will prioritise project financing, RERA compliance, technology adoption, and future-ready leadership. “It is an honour to lead NAREDCO Maharashtra NextGen. This platform empowers the next generation of real estate leaders,” Jain sai..

Next Story
Infrastructure Energy

TP Solar Crosses 4 GW Solar Output at Tamil Nadu Plant

TP Solar Limited, a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and the manufacturing division of Tata Power, has announced a major production milestone—crossing 4 GW of solar module output at its advanced facility in Tamil Nadu.As of 31 May 2025, the plant has cumulatively manufactured 4.049 GW of solar modules and 1.441 GW of solar cells. This milestone underscores the company’s growing role in supporting India’s clean energy transition and self-reliance in renewable energy manufacturing.Looking ahead, TP Solar is targeting 3.7 GW of solar cell output and 3.7..

Next Story
Infrastructure Urban

Aayush Art and Bullion Reports 1000 per cent Rise in FY25 Revenue

Aayush Art and Bullion Ltd (BSE: 540718), formerly AKM Creations Ltd, has announced its audited standalone financial results for H2 and the full financial year ending 31 March 2025, showcasing a sharp surge in both revenue and profitability. The company attributes this stellar performance to robust demand across its key verticals and strategic execution initiatives.For FY25, the company reported revenue of Rs 737.7 million, marking a 1,000 per cent year-on-year increase compared to Rs 73.3 million in FY24. Net profit for FY25 stood at Rs 18.1 million, a jump of 696 per cent over the Rs 2.6 mil..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?