NBCC

State-owned construction and real estate firm NBCC (India) Ltd has generated Rs 1,070 crore through the successful sale of residential units in Greater Noida, marking a significant step in its ongoing efforts to monetize stalled and underutilized real estate assets. The transaction underscores improving buyer sentiment in the Delhi-NCR property market, where demand for mid- to high-segment housing has strengthened over the past year. NBCC’s sale proceeds are expected to support project execution, enhance liquidity, and advance the company’s mandate to complete legacy developments.

NBCC (India) Limited, a premier government-owned construction and real estate enterprise, has been awarded projects worth Rs. 117 crore by the Housing and Urban Development Corporation (HUDCO). These projects underscore the company’s expanding role in shaping India’s public infrastructure landscape. The agreement strengthens NBCC’s portfolio while aligning with the government’s vision for sustainable urban development.

NBCC (India) Ltd, a state-owned construction and real estate entity, has successfully sold 446 residential units in Noida, Uttar Pradesh, raising approximately Rs. 1,468 crore through an e-auction process. The sale pertains to Aspire Silicon City Phase-IV in Sector 76 and marks a crucial financial milestone in the government-led initiative to revive stalled Amrapali Group housing projects. Acting under the Supreme Court’s directive, NBCC is overseeing the completion of over 38,000 unfinished homes.