NBCC Sells Aspire Silicon City Development Rights to AU Real Estate for ₹1,467 Crore

NBCC (India) Ltd. has successfully auctioned the development and selling rights of Aspire Silicon City Phase 4 to AU Real Estate for ₹1,467.93 crore. The project, located in Noida, includes 446 apartments across five towers.

Real EstateNbccAu Real EstateAspire Silicon CityNoidaReal Estate NewsMay 17, 2025

NBCC Sells Aspire Silicon City Development Rights to AU Real Estate for ₹1,467 Crore

Real Estate News:In a major real estate transaction, NBCC (India) Ltd. has concluded the e-auction of its flagship residential project, Aspire Silicon City – Phase 4, awarding development and selling rights to AU Real Estate for ₹1,467.93 crore. The deal was officially disclosed to the National Stock Exchange (NSE) on Saturday. The auction marks one of the largest residential property deals in the region this year. Located in one of Noida’s developed sectors, the project spans 8.5 acres and comprises seven residential towers. Of these, five towers—housing 446 apartments—have been handed over to AU Real Estate as part of the transaction. “We’re pleased to confirm the acquisition of selling rights for 446 units at Aspire Silicon City from NBCC,” said Ashish Agarwal, Director at AU Real Estate. “This marks a significant milestone in our growth journey and strengthens our presence in the region.” Larger homes, premium amenities NBCC has reworked the layout of Aspire Silicon City Phase 4 to meet rising demand for larger, more luxurious homes. The new design features spacious 3 BHK + Study and 4 BHK + Study units, along with a limited number of penthouses. All apartments offer expansive terraces, and each tower features either two or three apartments per floor core for greater privacy. A G+4 storey clubhouse will anchor the residential community, providing access to modern amenities including a swimming pool, gym, jacuzzi, sauna/steam rooms, banquet halls, business centre, kids’ play zone, and open green lawns. Project details Situated near the Noida–Greater Noida Expressway, Aspire Silicon City offers strong connectivity to key infrastructure such as the FNG Corridor and Aqua Line Metro stations at Sector 50 and Sector 76. The development also lies close to schools, hospitals, and Noida’s major shopping and commercial hubs, including Sector 18. Strong buyer sentiment Real estate experts say the project’s location and premium configuration are likely to attract strong interest from homebuyers. Noida has recently seen growing demand for larger-format homes offering lifestyle upgrades and modern comforts. Construction is being undertaken by J Kumar Infraprojects, known for executing key infrastructure projects like Mumbai Metro Lines 7, 2A, and 2B, the Worli-Shivdi Link Flyover, and the Dwarka Expressway. Architectural design is being led by Gautam & Gautam Architects, whose past projects include Manav Rachna International School, The Palm Village, and the Asian Institute of Medical Sciences. The design of Aspire Silicon City reflects their emphasis on urban luxury and functional elegance. With this acquisition, AU Real Estate further consolidates its footprint in the NCR residential market, while NBCC continues to monetise assets strategically through digital platforms.

Frequently Asked Questions

What is the total value of the Aspire Silicon City Phase 4 deal? A: The total value of the Aspire Silicon City Phase 4 deal is ₹1,467.93 crore. Q: How many apartments are included in the transaction? A: The transaction includes 446 apartments across five towers. Q: Who is the new developer of Aspire Silicon City Phase 4? A: AU Real Estate is the new developer of Aspire Silicon City Phase 4. Q: What are the key amenities in the Aspire Silicon City project? A: The key amenities include a swimming pool, gym, jacuzzi, sauna/steam rooms, banquet halls, business centre, kids’ play zone, and open green lawns. Q: What is the location of Aspire Silicon City? A: Aspire Silicon City is located in Noida, near the Noida–Greater Noida Expressway, offering strong connectivity to key infrastructure.

Answer not available

Tags:

Related News Articles

Real Estate

Government Revises LTCG Indexation on Real Estate: What You Need to Know

The government's recent amendment to the Finance Bill, 2024, has sparked confusion and concern around profit made on property sales and real estate transactions.

August 7, 2024

Read Article

Real Estate Pune

Shriram Properties AIF Platform to Close Rs 500 Crore Fund by FY25

Bengaluru-based listed real estate developer Shriram Properties Limited plans to close its alternative investment fund (AIF) fund with Blackstone-backed ASK Property Fund within FY25.

September 24, 2024

Read Article

real estate news

Elon Musk Eyeing Luxury Mansion Near Trump's Mar-a-Lago in Palm Beach

Elon Musk, the tech billionaire, is rumored to be considering the purchase of a luxurious mansion in Palm Beach, close to Donald Trump's famed Mar-a-Lago club. This potential acquisition would put him in the heart of one of the most exclusive and prestigi

December 10, 2024

Read Article

Real Estate Pune

Rajiv Bajaj's Rishabh Family Trust Acquires Property in Pune's Koregaon Park

Real estate consultant Square Yards announced that Rishabh Family Trust, associated with Rajiv Bajaj, has recently purchased a land parcel in Pune's upscale Koregaon Park. This strategic move signals the family's continued interest in premium real estate

December 12, 2024

Read Article

real estate news

2025: A Bright Year for the Indian Real Estate Market

The Indian real estate market is set to see continued growth in 2025, especially in the luxury segment. High-net-worth individuals and non-resident Indians are driving demand, while peripheral metro city markets show significant price appreciation.

January 6, 2025

Read Article

real estate news

Real Estate Stocks Plunge in Midday Trading

The BSE Realty index saw a significant dip, falling 174.72 points or 2.18% to 7,853.44 at 13:42 IST. Multiple key players in the real estate sector experienced losses.

January 9, 2025

Read Article