NBCC Sells 446 Homes in Noida for Rs 1,468 Crore via E-Auction
State-owned NBCC (India) Ltd has successfully sold 446 apartments in Noida for Rs 1,468 crore through an e-auction. This move will aid in the completion of projects and repayment of debt.
Real EstateEauctionNbccNoidaHomebuyersReal EstateMay 16, 2025
Frequently Asked Questions
What is the total value of the apartments sold by NBCC in Noida? A: The total value of the 446 apartments sold by NBCC in Noida is approximately Rs 1,467.93 crore. Q: What is the role of ASPIRE in this project? A: ASPIRE, or Amrapali Stalled Projects Investments Reconstruction Establishment, was formed to complete the stuck projects of the Amrapali Group through NBCC (India). Q: How many flats was NBCC tasked with completing and handing over to homebuyers? A: NBCC was tasked with completing and handing over 38,000 flats to homebuyers. Q: What additional fee will NBCC receive from the sale of these apartments? A: NBCC will receive a marketing fee of 1 per cent of the sale value of the apartments. Q: Why was the e-auction process chosen for selling these apartments? A: The e-auction process was chosen for its transparency and efficiency, ensuring a fair and competitive sale of the apartments.
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