NBCC Successfully Conducts E-Auction for Bulk Sale of Residential Units at Aspire Leisure Valley, Gr. Noida and Silicon City Projects, Noida

• The auction realised a total sale value of Rs 1045.40 crore calculated at highest bid rate

  • Total  sale value achieved across 8 nos. e-auctions calculated at highest bid rate amounts to around Rs. 11,720 Crore

NBCC (India) Limited has successfully concluded the e-auction of 417 residential units with a saleable area of 13.12 lakh sq,ft. at Aspire Leisure Valley ( 2 towers – 306 flats) , Greater Noida (West), Uttar Pradesh and Aspire Silicon City ( 1 tower - 111flats), Phase-IV, Sector-76, Noida, Uttar Pradesh.The e-auction resulted in a total sale value of approximately Rs. 1,045.40 crore, reflecting strong market response and bids received above the reserve price. The high-stakes auction received an overwhelming response with bids well above the reserve price. The funds will go towards repayment of bank loans as well as reducing the funding requirement of ongoing projects.

 

A project monitored by the Hon'ble Supreme Court, these projects have state-of-the-art facilities and strategic location making it a popular investment opportunity. This sale will prove to be a milestone in completing the stalled Amrapali projects and will fulfil the dream of many homebuyers to own a home.

 

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.