NBCC Sells 446 Noida Flats for Rs 14.68 Bn

21 May 2025 CW Team

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Technology

27 Jun 2026

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Real Estate

27 Jun 2026

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..