NBCC fetches over Rs 26.5 billion from e-auctions in Noida
17 Apr 2025
2 Min Read
CW Team
NBCC (India) Ltd, a Government of India enterprise under the Ministry of Housing and Urban Affairs, has successfully conducted an e-auction for 560 Ashiana flats at Aspire Leisure Park in Greater Noida (West), generating sales worth Rs 11.53 billion. The 100% e-auction model forms part of NBCC鈥檚 ongoing real estate monetisation drive.
As per the business model, NBCC will also earn a 1% marketing fee on the total transaction value鈥攁pproximately Rs 115 million鈥攗nder its project marketing and management services.
This auction closely follows another major sale earlier this week, where 1,185 residential units at Aspire Dream Valley Phase-III, Greater Noida, were sold for Rs 15.05 billion. Together, these two deals have fetched more than Rs 26.5 billion for NBCC in a single week, reinforcing its reputation as a turnaround agent for stalled housing projects.
NBCC has played a critical role in liquidating high-value real estate assets that had remained stalled for years, offering relief to homebuyers and value to investors.
In addition to its real estate successes, the company has recently secured three new construction and renovation contracts:
A nine-storey court building project in Gudivada, Andhra Pradesh worth Rs 467 million,
A court complex in Bhimavaram, Andhra Pradesh worth Rs 722 million, and
Renovation work at the TEC Building in New Delhi valued at Rs 20.4 million.
Marking its strategic diversification into tech-led infrastructure, NBCC has also signed an MoU with RailTel Corporation of India on April 7. The partnership aims to jointly execute data centre projects across India and overseas over the next five years.
With this expansion into digital infrastructure and continued real estate monetisation, NBCC is positioning itself as a multi-vertical infrastructure powerhouse.
Image source:psuwatch
NBCC (India) Ltd, a Government of India enterprise under the Ministry of Housing and Urban Affairs, has successfully conducted an e-auction for 560 Ashiana flats at Aspire Leisure Park in Greater Noida (West), generating sales worth Rs 11.53 billion. The 100% e-auction model forms part of NBCC鈥檚 ongoing real estate monetisation drive.
As per the business model, NBCC will also earn a 1% marketing fee on the total transaction value鈥攁pproximately Rs 115 million鈥攗nder its project marketing and management services.
This auction closely follows another major sale earlier this week, where 1,185 residential units at Aspire Dream Valley Phase-III, Greater Noida, were sold for Rs 15.05 billion. Together, these two deals have fetched more than Rs 26.5 billion for NBCC in a single week, reinforcing its reputation as a turnaround agent for stalled housing projects.
NBCC has played a critical role in liquidating high-value real estate assets that had remained stalled for years, offering relief to homebuyers and value to investors.
In addition to its real estate successes, the company has recently secured three new construction and renovation contracts:
A nine-storey court building project in Gudivada, Andhra Pradesh worth Rs 467 million,
A court complex in Bhimavaram, Andhra Pradesh worth Rs 722 million, and
Renovation work at the TEC Building in New Delhi valued at Rs 20.4 million.
Marking its strategic diversification into tech-led infrastructure, NBCC has also signed an MoU with RailTel Corporation of India on April 7. The partnership aims to jointly execute data centre projects across India and overseas over the next five years.
With this expansion into digital infrastructure and continued real estate monetisation, NBCC is positioning itself as a multi-vertical infrastructure powerhouse.Image source:psuwatch
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