1 week ago
NBCC Sells 111 Amrapali-Linked Noida Flats for ₹416.53 Crore
NBCC sold 111 homes in a housing project in Noida.
The homes were sold through an online auction.
Buyers paid about ₹416.53 crore in total.
NBCC will receive a fee equal to 1% of that amount for marketing the homes.
The project is connected to unfinished Amrapali housing developments.
The Supreme Court directed that a special organization be created to help finish these projects.
NBCC was given responsibility for completing 38,000 homes for buyers.
It is also building more than 10,000 additional apartments in five ongoing projects.
NBCC sold 111 residential units at Aspire Silicon City in Noida through an e-auction.
The flats generated a total sale value of approximately ₹416.53 crore.
NBCC will receive a marketing fee equal to 1% of the sale value.
The sale is part of NBCC’s work to complete stalled Amrapali housing projects.
NBCC is tasked with completing 38,000 flats and is developing over 10,000 more apartments across five projects.
- Who
- NBCC sold the homes as part of its work on stalled Amrapali projects.
- What
- It sold 111 residential units at Aspire Silicon City for approximately ₹416.53 crore.
- Where
- Aspire Silicon City in Noida.
- When
- The regulatory filing did not specify when the sale occurred.
- Why
- The sale supports NBCC’s role in completing stalled Amrapali housing projects.
Key facts
- Units sold
- 111 residential units
- Project
- Aspire Silicon City
- Location
- Noida
- Sale value
- Approximately ₹416.53 crore
- NBCC marketing fee
- 1% of the sale value
- Completion responsibility
- 38,000 flats
- Additional development
- More than 10,000 apartments across five ongoing Amrapali projects in Greater Noida
Sources
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