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.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..