NBCC sells 1,233 flats in Greater Noida for Rs 3,217 cr through e-auction

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NBCC sells 1,233 flats in Greater Noida for Rs 3,217 cr through e-auction - Business Standard

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State-owned NBCC on Tuesday said it has sold 1,233 housing units for Rs 3,217 crore through e-auction in a new project at Greater Noida, a development that will help the company complete stalled projects of the erstwhile Amrapali Group.

In a statement, NBCC said it has "successfully sold 1,233 residential units at Aspire Golf Homes through an e-auction, garnering a total sale value of Rs 3,216.95 crore excluding allied charges".

As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through NBCC (India) Ltd.