Home / Business and Economy / NBCC Sells 609 Homes for $1.07 Billion
NBCC Sells 609 Homes for $1.07 Billion
19 Nov
Summary
- NBCC sold 609 housing units for a total of Rs 1,070 crore.
- The sales occurred in two housing projects in Greater Noida (West).
- AU Real Estate acquired selling rights for these projects from NBCC.
NBCC (India) Ltd has announced the sale of 609 residential units in Greater Noida (West), generating a total revenue of Rs 1,070 crore. These sales were conducted through an e-auction process, marking a significant financial achievement for the state-owned company. The units were spread across two distinct projects, 'Aspire Leisure Valley' and 'Aspire Centurian Park'.
The real estate firm AU Real Estate has acquired the selling rights for these two projects from NBCC. This includes 462 units in 'Aspire Leisure Valley' valued at Rs 696.20 crore and 147 units in 'Aspire Centurian Park' for Rs 373.23 crore. This acquisition supports AU Real Estate's strategy to offer properties in desirable locations.
These sales are part of NBCC's broader responsibility, assigned by the Supreme Court, to revitalize and complete stalled housing projects previously developed by Amrapali. The company is tasked with completing approximately 38,000 flats, a monumental effort requiring substantial investment to ensure homebuyers receive their properties.
