State-owned NBCC (India) Limited has successfully concluded an e-auction for the bulk sale of 417 residential units across its Aspire Leisure Valley project in Greater Noida (West) and Aspire Silicon City in Noida, garnering a total sale value of approximately ₹1,045.40 crore. The auction, which attracted strong investor interest and bids significantly above the reserve price, underscores improving confidence in the residential real estate market.

Proceeds from the sale will be utilised for repayment of bank loans and to reduce funding requirements for ongoing projects, marking another key milestone in the completion of stalled Amrapali housing developments under the supervision of the Hon’ble Supreme Court.

Till date, e-auctions have cumulatively resulted in the sale of 5671 units across new FAR projects of Amrapali (Aspire Golf Homes, Aspire Centurion Park, Aspire Dream Valley, Aspire Leisure Park, Aspire Silicon City and Aspire Leisure Valley) with a total saleable area of 153.72 Lakh sq. ft. at a total highest bid value of Rs. 11,719.27 Crore 

With this successful transaction, NBCC has strengthened its position as a leading real estate developer in India and also holds the distinction of being the only PSU in this sector in India and has set a new benchmark for transparent and competitive property sales through a digital platform. It is believed that the success of this e-auction will further boost investor confidence in the sector and establish NBCC as a leader in the execution of distressed asset projects and bring relief to thousands of affected home buyers of Noida/Greater Noida (West), Uttar Pradesh.