NBCC fetches over Rs 26.5 billion from e-auctions in Noida
ECONOMY & POLICY

NBCC fetches over Rs 26.5 billion from e-auctions in Noida

NBCC (India) Ltd, a Government of India enterprise under the Ministry of Housing and Urban Affairs, has successfully conducted an e-auction for 560 Ashiana flats at Aspire Leisure Park in Greater Noida (West), generating sales worth Rs 11.53 billion. The 100% e-auction model forms part of NBCC’s ongoing real estate monetisation drive.

As per the business model, NBCC will also earn a 1% marketing fee on the total transaction value—approximately Rs 115 million—under its project marketing and management services.

This auction closely follows another major sale earlier this week, where 1,185 residential units at Aspire Dream Valley Phase-III, Greater Noida, were sold for Rs 15.05 billion. Together, these two deals have fetched more than Rs 26.5 billion for NBCC in a single week, reinforcing its reputation as a turnaround agent for stalled housing projects.

NBCC has played a critical role in liquidating high-value real estate assets that had remained stalled for years, offering relief to homebuyers and value to investors.

In addition to its real estate successes, the company has recently secured three new construction and renovation contracts:

A nine-storey court building project in Gudivada, Andhra Pradesh worth Rs 467 million,

A court complex in Bhimavaram, Andhra Pradesh worth Rs 722 million, and

Renovation work at the TEC Building in New Delhi valued at Rs 20.4 million.

Marking its strategic diversification into tech-led infrastructure, NBCC has also signed an MoU with RailTel Corporation of India on April 7. The partnership aims to jointly execute data centre projects across India and overseas over the next five years.

With this expansion into digital infrastructure and continued real estate monetisation, NBCC is positioning itself as a multi-vertical infrastructure powerhouse.

Image source:psuwatch

NBCC (India) Ltd, a Government of India enterprise under the Ministry of Housing and Urban Affairs, has successfully conducted an e-auction for 560 Ashiana flats at Aspire Leisure Park in Greater Noida (West), generating sales worth Rs 11.53 billion. The 100% e-auction model forms part of NBCC’s ongoing real estate monetisation drive. As per the business model, NBCC will also earn a 1% marketing fee on the total transaction value—approximately Rs 115 million—under its project marketing and management services. This auction closely follows another major sale earlier this week, where 1,185 residential units at Aspire Dream Valley Phase-III, Greater Noida, were sold for Rs 15.05 billion. Together, these two deals have fetched more than Rs 26.5 billion for NBCC in a single week, reinforcing its reputation as a turnaround agent for stalled housing projects. NBCC has played a critical role in liquidating high-value real estate assets that had remained stalled for years, offering relief to homebuyers and value to investors. In addition to its real estate successes, the company has recently secured three new construction and renovation contracts: A nine-storey court building project in Gudivada, Andhra Pradesh worth Rs 467 million, A court complex in Bhimavaram, Andhra Pradesh worth Rs 722 million, and Renovation work at the TEC Building in New Delhi valued at Rs 20.4 million. Marking its strategic diversification into tech-led infrastructure, NBCC has also signed an MoU with RailTel Corporation of India on April 7. The partnership aims to jointly execute data centre projects across India and overseas over the next five years. With this expansion into digital infrastructure and continued real estate monetisation, NBCC is positioning itself as a multi-vertical infrastructure powerhouse.Image source:psuwatch

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?