Image Source: Central Chronicle
NBCC (India) Limited has completed the sale of 446 residential units at its flagship Aspire Silicon City project in Sector 76, Noida, for a total value of ₹14.68 billion (₹1,467.93 crore). The transaction, conducted via a transparent e-auction process, marks one of the largest residential sales in the region this year and highlights NBCC’s growing influence in the Indian real estate sector.
Major Sale Completed:
NBCC successfully sold 446 residential units at Aspire Silicon City, Phase-IV, through an e-auction, achieving a total sale value of approximately ₹14.68 billion.
Prime Location and Project Features:
Aspire Silicon City is strategically located in Sector 76, Noida, offering excellent connectivity to metro stations, educational institutions, hospitals, and shopping centers. The project comprises seven residential towers with spacious 3 and 4 BHK apartments and luxury penthouses, designed for modern urban living.
Premium Amenities:
The residential units feature earthquake-resistant RCC structures, premium vitrified tile flooring, modular kitchens with granite countertops, branded fittings, high-speed lifts, private open terraces, and exclusive penthouse amenities such as whirlpool decks and panoramic views.
Investment and Lifestyle Appeal:
The project is positioned as a top choice for both homebuyers and investors, given its upscale offerings, robust infrastructure, and strong demand in the Noida real estate market. Sector 76’s proximity to the metro and major city hubs enhances its investment potential.
NBCC’s Role and Revenue:
NBCC acted as the marketing and sales facilitator for the project and will receive a 1% marketing fee on the total sale value, adding to its revenue stream. This success further cements NBCC’s reputation as a leading government-backed real estate and infrastructure developer.
Recent Business Momentum:
Alongside this landmark sale, NBCC recently secured a ₹956.6 million renovation contract for the Sushma Swaraj Institute of Foreign Service in New Delhi, reflecting its strong order book and diverse project portfolio.
Insight
The sale of Aspire Silicon City units for ₹14.68 billion is a testament to NBCC’s ability to execute large-scale, high-value real estate transactions through transparent processes. The project’s blend of luxury, location, and lifestyle amenities has set a new benchmark in Noida’s residential market, while the company’s continued momentum in both real estate and government infrastructure projects positions it for sustained growth.
Source: Business Upturn, NBCC India E-Auction Corrigendum, Hedge Homes
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