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      City Updates

      NBCC raises ₹1,069 crore via bulk sale to AU Real Estate

      AU Real Estate
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      State-run NBCC Ltd has raised ₹1,069 crore through the bulk sale of 432 residential units at Aspire Leisure Valley and Aspire Centurion Park in Greater Noida to AU Real Estate, marking another significant step in its ongoing effort to monetise Amrapali assets and expedite project completions.

      With this transaction, NBCC’s fundraising from bulk auctions of Amrapali units has crossed ₹10,000 crore, helping the company pare debt and reduce financing needs for ongoing developments, according to a report by The Economic Times.

      Earlier this year, in May 2025, AU Real Estate secured selling rights for Aspire Silicon City for Rs 1,467.93 crore.

      Following the acquisition, AU Real Estate has launchedAspire Leisure Valley in Greater Noida West at an introductory price of Rs 7,979 per sq. ft.

      “At Leisure Valley, focus is on elevating everyday living,” said Ashish Agarwal, Director, AU Real Estate.

      Aspire Leisure Valley is part of NBCC Leisure Valley and is located in Techzone IV, Greater Noida West, less than a one-minute drive from D-Mart and approximately ten minutes from Central Noida. The development features residential towers offering 3BHK units of 2,176 sq. ft. and 2,188 sq. ft.

      The project benefits from strong connectivity via the Noida–Greater Noida Link Road and NH-24, proximity to Sector 51 Metro Station (Aqua Line), the upcoming Gaur Chowk metro station, Ghaziabad Railway Station, and both IGI Airport and the upcoming Noida International Airport at Jewar. Retail, healthcare, and educational infrastructure in the vicinity further enhance its locational advantages.

      Aspire Leisure Valley holds an IGBC Gold rating, underscoring its sustainable design approach. The project is monitored by the Supreme Court of India, ensuring compliance, transparency, and timely delivery. Construction is being undertaken by Capacite Infraprojects, a reputed player in the construction and engineering sector.

      After the Uttar Pradesh government allowed NBCC to build more flats in the project, it was estimated that an additional Rs 14,000 crore could be generated, which would help in the timely completion of stalled projects.

      Initially, NBCC planned for retail sales but later auctioned the units in bulk to Mansan, Happy Valley Infra, and the Gaurs Group to generate funds quickly.

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