NBCC (India) Ltd has successfully completed an e-auction of 417 residential units at Aspire Leisure Valley and Aspire Silicon City, generating ₹10.45 billion in sales. The move strengthens NBCC’s revenue base and supports the Supreme Court-led revival of stalled Amrapali projects, boosting buyer confidence in NCR’s housing market.
NBCC (India) Ltd, the state-owned construction and real estate major, announced the successful conclusion of its e-auction of residential units at Aspire Leisure Valley in Greater Noida (West), Uttar Pradesh. The auction, held digitally, generated a total sale value of ₹10.45 billion (₹1,045 crore), underscoring strong demand for housing in the region.
Key Highlights
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Auction Outcome: NBCC sold 417 residential units across Aspire Leisure Valley’s Towers 7 & 8, alongside Aspire Silicon City Phase IV (Tower 5) in Noida.
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Digital Success: The e-auction reflects NBCC’s push towards transparent, technology-driven sales, ensuring wider participation and efficient liquidation of inventory.
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Financial Impact: The ₹10.45 billion sale adds significant momentum to NBCC’s ongoing efforts to monetize stalled projects and strengthen its revenue base.
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Sector Context: The auction is part of NBCC’s broader mandate to revive Amrapali Group’s unfinished housing projects, as directed by the Supreme Court, ensuring delivery to thousands of homebuyers.
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Market Sentiment: Analysts view the successful auction as a positive signal for India’s real estate sector, highlighting renewed buyer confidence in government-backed redevelopment projects.
This achievement reinforces NBCC’s role as a key player in real estate revival and housing delivery across the NCR region.
Sources: InvestyWise, Economic Times, Indian Masterminds