AU Real Estate Acquires Aspire Silicon City for Rs 1,468 Crore

AU Real Estate has acquired the Aspire Silicon City project, a previously stalled development by the Amrapali Group, for Rs 1,468 crore. The acquisition marks a significant step in the revival of the project, which now promises larger residences and premium amenities.

Real EstateAspire Silicon CityAu Real EstateNbccAmrapali GroupReal EstateMay 18, 2025

AU Real Estate Acquires Aspire Silicon City for Rs 1,468 Crore

Real Estate:AU Real Estate has made a strategic move by acquiring the Aspire Silicon City project, a previously stalled real estate development by the erstwhile Amrapali Group, for a substantial sum of ₹1,468 crore. The acquisition was facilitated through a digital auction conducted by NBCC (India) Ltd., a leading public sector enterprise in the construction and real estate sector. The Aspire Silicon City Phase 4 project spans approximately 8.5 acres and is a premium residential development. NBCC has reimagined the layout to cater to the evolving market demands, focusing on larger residences rather than standard flats. The project now consists of seven towers, with a total of around 600 units. Five of these towers, comprising 446 units, have been awarded to AU Real Estate through the auction. The current design of Aspire Silicon City features spacious 3 BHK + Study and 4 BHK + Study apartments, along with a select number of penthouses. A G+4 storey clubhouse is an integral part of the project, offering modern amenities such as a swimming pool, gym, jacuzzi, steam/sauna, business centre, play zone, two banquet halls, and landscaped party lawns. The towers are designed with a mix of 2-to-a-core and 3-to-a-core layouts, ensuring that all units have both internal and external terraces. Ashish Agrawal, Director at AU Real Estate, confirmed the acquisition, stating, “We have acquired the selling rights for 446 units in Aspire Silicon City.” This move is expected to enhance the project’s market appeal and attract a significant number of homebuyers. Strategically located in a well-developed residential sector, Aspire Silicon City enjoys excellent connectivity to the Noida–Greater Noida Expressway, Aqua Line metro stations (Sector 50 and 76), and key arterial roads including the FNG Corridor. The presence of educational institutions, hospitals, and retail hubs like Sector 18 further enhances the project’s appeal for prospective homebuyers. Market experts note that the project’s attractive pricing and prime location are likely to drive strong buyer demand. The surrounding micro-market has consistently shown healthy absorption rates for larger-format homes with premium lifestyle amenities. Construction of the project is being undertaken by J Kumar Infraprojects, a major infrastructure player known for its work on projects such as Mumbai Metro Lines 7, 2A, and 2B, the Worli-Shivdi Link Flyover, Kalwa Creek Bridges, and the Dwarka Expressway. The architectural design is led by Gautam & Gautam Architects, recognized for their work on prominent developments like Manav Rachna International School, Tao Devilal Agricultural University, Asian Institute of Medical Sciences, The Palm Village, and MVN Sports Complex. The master plan and facade design of Aspire Silicon City reflect their vision of modern urban luxury living. Aspire Silicon City was originally part of Amrapali Group’s expansive housing portfolio, which faced financial mismanagement and irregularities, leading to the distress of thousands of homebuyers. In a landmark ruling, the Supreme Court of India entrusted NBCC (India) Ltd. with the responsibility of completing these stalled projects under judicial oversight. To facilitate this, ASPIRE (Amrapali Stalled Projects Investments Reconstruction Establishment), a Section 8 company, was created to oversee construction, repairs, and delivery of these projects, including NBCC Silicon City. This effort represents a story of revival and accountability, aiming to restore trust, deliver on long-overdue promises, and provide quality homes for modern urban families. The development integrates mid- to high-rise residential towers, green infrastructure, and comprehensive contemporary amenities to meet the lifestyle aspirations of today’s homebuyers.

Frequently Asked Questions

What is Aspire Silicon City? A: Aspire Silicon City is a premium residential development project located in Noida, India. It was originally part of the Amrapali Group's housing portfolio but was stalled due to financial mismanagement. The project has now been acquired by AU Real Estate for Rs 1,468 crore. Q: How many units are part of the Aspire Silicon City project? A: The Aspire Silicon City project consists of around 600 units across seven towers. AU Real Estate has acquired 446 units in five of these towers. Q: What amenities are included in Aspire Silicon City? A: Aspire Silicon City features a G+4 storey clubhouse with amenities such as a swimming pool, gym, jacuzzi, steam/sauna, business centre, play zone, two banquet halls, and landscaped party lawns. Q: Who is constructing the Aspire Silicon City project? A: The construction of Aspire Silicon City is being undertaken by J Kumar Infraprojects, a major infrastructure player known for its work on several high-profile projects. Q: What is the significance of the Aspire Silicon City project for the real estate market in Noida? A: The acquisition and revival of Aspire Silicon City by AU Real Estate is significant for the real estate market in Noida as it promises to bring larger residences and premium amenities, driving strong buyer demand and enhancing the overall appeal of the area.

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