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

17 Apr 2025 CW Team

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

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..