NBCC Sells 432 Residential Units for Rs 1,069 Crore to AU Real Estate
New Delhi: State-run NBCC Ltd has sold 432 residential units at Aspire Leisure Valley and Aspire Centurion Park for Rs 1,069 crore to AU Real Estate, an NCR-based developer. The funds raised by NBCC through this bulk sale will be used to repay bank loans and reduce funding needs for ongoing projects.
With this transaction, NBCC has generated over Rs 10,000 crore from the bulk sale of residential units through multiple auctions of Amrapali projects. Earlier this year, in May 2025, AU Real Estate secured selling rights for Aspire Silicon City for Rs 1,467.93 crore.
Following the acquisition, AU Real Estate has launched Aspire Leisure Valley in Greater Noida West at an introductory price of Rs 7,979 per sq. ft. “At Leisure Valley, the focus is on elevating everyday living,” said Ashish Agarwal, Director, AU Real Estate.
Aspire Leisure Valley is part of NBCC Leisure Valley and is located in Techzone IV, Greater Noida West, less than a one-minute drive from D-Mart and approximately ten minutes from Central Noida. The development features residential towers offering 3BHK units of 2,176 sq. ft. and 2,188 sq. ft.
The project benefits from strong connectivity via the Noida–Greater Noida Link Road and NH-24, proximity to Sector 51 Metro Station (Aqua Line), the upcoming Gaur Chowk metro station, Ghaziabad Railway Station, and both IGI Airport and the upcoming Noida International Airport at Jewar. Retail, healthcare, and educational infrastructure in the vicinity further enhance its locational advantages.
Aspire Leisure Valley holds an IGBC Gold rating, underscoring its sustainable design approach. The project is monitored by the Supreme Court of India, ensuring compliance, transparency, and timely delivery. Construction is being undertaken by Capacite Infraprojects, a reputed player in the construction and engineering sector.
After the Uttar Pradesh government allowed NBCC to build more flats in the project, it was estimated that an additional Rs 14,000 crore could be generated, which would help in the timely completion of stalled projects. Initially, NBCC planned for retail sales but later auctioned the units in bulk to Mansan, Happy Valley Infra, and the Gaurs Group to generate funds quickly.
NBCC has the task of delivering more than 41,000 sold and 5,000 unsold units in over 20 stalled projects of Amrapali—totaling about 46,000 units. The company was tasked with completing about 38,000 homes. All transactions related to the Amrapali projects are done under the banner of the Court Receiver Committee, created specifically to revive these stalled homes. NBCC has appointed construction partners for all affected projects, and construction is currently underway at each site.
