NBCC Hits Jackpot: ₹1,468 Crore Raised from Amrapali Silicon City Sale

In a significant move within the NCR property landscape, AU Real Estate has acquired 446 residential units in Sector 76, Noida, for a total of ₹1,468 crore. The acquisition was completed via an e-auction conducted by NBCC (India) Limited, the government-run firm responsible for completing unfinished projects of the now-defunct Amrapali Group.

This bulk purchase is part of NBCC’s ongoing efforts under the supervision of the Supreme Court, which mandated the completion of over 38,000 delayed housing units left abandoned by the Amrapali Group. To facilitate this, the Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was created, entrusting NBCC with the task of executing and delivering these projects....readmore