NBCC India sells 175 residential units in Greater Noida e-auction worth ₹485 crore

State-owned NBCC (India) Ltd on Saturday (December 6) announced the successful conclusion of the e-auction for residential units at Aspire Leisure Valley Package-1, Sub-Package-8, located in Greater Noida (West), Uttar Pradesh.

The company sold 175 residential units comprising one tower, Iconic Tower No. 13, for a total sale value of approximately ₹485.41 crore. According to the disclosure, the sale process was conducted through an e-auction platform. As part of the arrangement, NBCC will receive a marketing fee equivalent to 1% of the total sale value.

This week, NBCC (India) secured five construction and redevelopment orders worth ₹665 crore, with the largest, worth ₹642.82 crore project, awarded by the Ghaziabad Development Authority. The Ghaziabad Development Authority’s order is for the redevelopment of Tulsi Niketan in Ghaziabad.

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A second order, valued at ₹4.05 crore, came from the Institute of Cost Accountants of India (ICAI) for renovation of the Hyderabad COE, repair and renovation of the EIRC Building in Kolkata, and structural, plumbing, sanitary and interior work at the Kottayam Chapter building.

The National Forensic Science University awarded NBCC a ₹6.95-crore contract to renovate its guest house at the Delhi campus.

The remaining two orders, worth ₹4.42 crore and ₹7.14 crore respectively, were placed by the Institute of Company Secretaries of India (ICSI) for constructing new buildings at the ICSI Kanpur Chapter premises and its Lucknow Chapter premises in Uttar Pradesh.

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On Friday (December 6), shares of NBCC (India) Ltd ended at ₹112.05, down by ₹0.45, or 0.40%, on the BSE.