NBCC sells 1,233 housing units for ₹3,217 crore in Greater Noida West; Fund to help complete Amrapali projects
1 month, 1 week ago

NBCC sells 1,233 housing units for ₹3,217 crore in Greater Noida West; Fund to help complete Amrapali projects

Hindustan Times  

NBCC Ltd, the government’s construction arm, has sold 1,233 housing units for ₹3217 crore through an e-auction in a new project in Greater Noida West. NBCC Ltd, the government’s construction arm, has sold 1,233 housing units for ₹ 3217 crore through an e-auction in a new project in Greater Noida West. State-owned NBCC said in a statement on February 11 that it has "successfully sold 1,233 residential units at Aspire Golf Homes through an e-auction, garnering a total sale value of ₹3,216.95 crore.” The project 'Aspire Gold Homes' has in total 1,507 flats across 11 towers. Last year, NBCC had said the Greater Noida Industrial Development Authority gave the company permission for development on 75 acres of unused land in five existing residential projects of Amrapali.

Projects Project Units Noida Greater Noida Nbcc Stalled Projects Greater Noida West Amrapali  stalled  greater  housing  homes  noida  projects  sells  sold  amrapali  west  help  units  nbcc  fund  project

History of this topic

NBCC has sold 1,900 flats of Amrapali defaulters, SC told
3 weeks, 4 days ago

NBCC has sold 1,900 flats of Amrapali defaulters, SC told

Hindustan Times  

NBCC India Ltd, tasked with constructing the distressed Amrapali housing projects, has sold 1,953 flats of homebuyers who defaulted on payments and received another 1,490 units from the court-appointed receiver for sale as buyers failed to register on the designated portal. The note by the receiver was filed following a Supreme Court order seeking a status report on homebuyers who …

Amrapali project: Sell flats of buyers not turning up for possession, says SC
2 months, 2 weeks ago

Amrapali project: Sell flats of buyers not turning up for possession, says SC

Hindustan Times  

New Delhi, Jan 9 Saying bookings will be cancelled and flats will be sold to other buyers, the Supreme Court on January 9 took a dim view on home buyers not turning up to take possession of flats in the Amrapali projects, being completed by the state-owned NBCC. The Supreme Court on January 9 took a dim view on home …

For NBCC, new order inflows are a shot in the arm
3 months, 1 week ago

For NBCC, new order inflows are a shot in the arm

Live Mint  

NBCC Ltd, a Navratna public sector undertaking in the construction space, is hogging limelight as the company has received a slew of new work orders lately. Last week, the National Company Law Appellate Tribunal appointed NBCC as the project management consultant for Supertech Ltd’s 16 real estate projects valued at ₹9,445 crore. In the September quarter, NBCC’s consolidated order book …

NBCC moves SC to complete stalled projects of realty major Supertech Ltd
6 months ago

NBCC moves SC to complete stalled projects of realty major Supertech Ltd

Hindustan Times  

New Delhi, Sep 24 The state-owned NBCC on September 24 moved the Supreme Court seeking to develop and complete embattled realty major Supertech Limited's 17 stalled or partially built projects where around 27,000 hassled home buyers are stuck for years. NBCC on September 24 moved the Supreme Court seeking to develop and complete embattled realty major Supertech Limited's 17 stalled …

NBCC Plans To Complete Supetech's 50,000 Flats In Noida And Greater Noida In 3 Years
6 months, 2 weeks ago

NBCC Plans To Complete Supetech's 50,000 Flats In Noida And Greater Noida In 3 Years

News 18  

There is relief news for the people who are stuck after buying houses in Supertech Limited’s housing projects in Noida and Greater Noida. According to the report of TOI, the government company National Buildings Construction Corporation has offered to complete the construction of 50,000 flats of 17 housing projects of Supertech Limited in 3 years. To complete these pending housing …

J&K news: NBCC to develop ₹15000 crore worth satellite township in Srinagar
7 months, 2 weeks ago

J&K news: NBCC to develop ₹15000 crore worth satellite township in Srinagar

Live Mint  

State-owned NBCC Limited on Friday said it has received an order of ₹15,000 crore to develop a satellite township in Srinagar district of Jammu & Kashmir. The project involves the development of a satellite township spread over 406 acres in Rakh-e-Gund Akshah, Bemina, located in Srinagar, Jammu and Kashmir, said the company. Development of Satellite Township spread over 406 acres …

NBCC to set up shadow lender to help save over $100 million, sources say
11 months ago

NBCC to set up shadow lender to help save over $100 million, sources say

Hindustan Times  

By Nikunj Ohri NBCC plans to set up its own non-banking finance company later this year to lower its borrowing costs for key infrastructure projects, NEW DELHI -India's state-run NBCC plans to set up its own non-banking finance company later this year to lower its borrowing costs for key infrastructure projects, according to two sources directly involved in the matter. …

NBCC sells 4.8 lakh sq ft of commercial space for ₹1905 crore in Delhi’s World Trade Centre
11 months, 3 weeks ago

NBCC sells 4.8 lakh sq ft of commercial space for ₹1905 crore in Delhi’s World Trade Centre

Hindustan Times  

NBCC Ltd, the government’s construction arm, has sold commercial space spread across an area of 4.8 lakh sq ft for ₹1905 crore in the World Trade Centre located in Delhi, the company said in a statement. NBCC Ltd, the government’s construction arm, has sold commercial space spread across an area of 4.8 lakh sqft for ₹ 1905 crore in the …

NBCC sells 2 lakh sq ft commercial space in South Delhi for ₹828 crore
1 year ago

NBCC sells 2 lakh sq ft commercial space in South Delhi for ₹828 crore

Hindustan Times  

The government’s construction arm NBCC Ltd has sold 2.05 lakh sq ft of commercial space for approximately ₹827.78 crore in the World Trade Centre project at Nauroji Nagar, New Delhi, on behalf of the government, the company said in a regulatory filing on March 1, 2024. The government’s construction arm NBCC Ltd has sold 2.05 lakh sq ft of commercial …

80% commercial space at World Trade Centre in Delhi sold: NBCC
1 year ago

80% commercial space at World Trade Centre in Delhi sold: NBCC

Hindustan Times  

As much as 80% of the commercial space at the World Trade Centre, which replaced the old, dilapidated government quarters in South Delhi’s Nauroji Nagar, has been sold, the National Building Construction Corporation said on Friday. NBCC, which is building the WTC, said in a statement that the sale of 2,00,000 sq ft of commercial space at ₹830 crore on …

After Amrapali, NBCC exploring more stressed real estate project options in Delhi-NCR and Mumbai
1 year ago

After Amrapali, NBCC exploring more stressed real estate project options in Delhi-NCR and Mumbai

Hindustan Times  

After having completed as many as 16,000 Amrapali flats that were stuck for years and handing them over to homebuyers, the government’s construction arm NBCC, is now exploring a few options in NCR and Mumbai to provide relief to thousands of distressed buyers. After handing over stressed housing units in Amrapali projects in Noida and Greater Noida, NBCC, is now …

NBCC to finish and deliver all 22,000 flats in Amrapali projects by end-2024
1 year, 1 month ago

NBCC to finish and deliver all 22,000 flats in Amrapali projects by end-2024

Hindustan Times  

The state-owned NBCC Limited, formerly known as National Buildings Construction Corporation, on Thursday said it will complete the remaining 22,000 apartments in Amrapali Group’s delayed housing projects in Noida and Greater Noida by end of 2024 and hand over possession to homebuyers. They are Centurian Park, in Sector Tech Zone 4, Golf Homes in Sector 4; Leisure Park in Tech …

NBCC to develop 13,250 premium flats in 5 Amrapali projects in Greater Noida
1 year, 1 month ago

NBCC to develop 13,250 premium flats in 5 Amrapali projects in Greater Noida

Hindustan Times  

The government’s construction arm NBCC said on February 22 that it will be developing 13,250 premium apartments in five ongoing projects of Amrapali in Greater Noida where it has received approval from Greater Noida Authority to develop unused and purchasable floor area ratio worth ₹10,000 crore. The government’s construction arm NBCC said on February 22 that it will be developing …

NBCC gets approval from Greater Noida Authority to develop 5 Amrapali projects
1 year, 1 month ago

NBCC gets approval from Greater Noida Authority to develop 5 Amrapali projects

Hindustan Times  

The government’s construction arm NBCC has received approval from Greater Noida Authority to develop unused and purchasable floor area ratio in five Amrapali projects worth ₹10,000 crore, the company said in a regulatory filing. The government’s construction arm NBCC has received approval from Greater Noida Authority to develop unused and purchasable floor area ratio in five Amrapali projects worth ₹ …

NBCC to develop a mixed-use project worth ₹2000 crore in Kerala
1 year, 1 month ago

NBCC to develop a mixed-use project worth ₹2000 crore in Kerala

Hindustan Times  

The government’s construction arm NBCC will be developing a mixed-use project worth ₹2000 crore in Kerala, NBCC said in a statement on January 25. The government’s construction arm NBCC will be developing a mixed-use project worth ₹ 2000 crore in Kerala, NBCC said in a statement on January 25. This ₹2000 crore project includes development of mixed use commercial-cum-residential complex …

Supreme Court lists Amrapali housing case in January after NBCC says it needs cash immediately
2 years, 3 months ago

Supreme Court lists Amrapali housing case in January after NBCC says it needs cash immediately

Hindustan Times  

The Supreme Court on Thursday agreed to list the Amrapali housing case in January, after the National Buildings Construction Corporation informed it that the construction of 46,000 Amrapali housing units faced a serious cash crunch. The NBCC told the court that the units required immediate cash flow by way of sale of unused Floor Area Ratio in select Amrapali projects …

NBCC receives ₹271.62 cr orders to resume stalled projects of Amrapali group
2 years, 3 months ago

NBCC receives ₹271.62 cr orders to resume stalled projects of Amrapali group

Live Mint  

NBCC Ltd, a state-owned construction company, announced on Monday that it has work orders worth ₹271.62 crore in projects from the formerly real estate company Amrapali Group. The company disclosed in a regulatory filing that it has received an order for ₹42.44 crore to build the remaining portions of the Amrapali corporate Hub at IMT Manesar in Gurugram, Haryana. The …

NBCC Green View: 700 Flats Need to be Vacated by Month-End. Who is NBCC and What Do they Do?
3 years, 1 month ago

NBCC Green View: 700 Flats Need to be Vacated by Month-End. Who is NBCC and What Do they Do?

News 18  

NBCC Green View society in Sector 37D, Gurugram has been in the news after Gurugram deputy commissioner Nishant Kumar Yadav asked the residents to vacate the property in two weeks, citing the safety issues. “We often hear stories about private builders cheating or developing poor quality houses and this was the reason we trusted NBCC and now look at us,” …

Amrapali case: Supreme Court asks NBCC how it will deal with Rs 2,300 crore unsold flats
5 years, 6 months ago

Amrapali case: Supreme Court asks NBCC how it will deal with Rs 2,300 crore unsold flats

India Today  

The Supreme Court on Wednesday directed the National Buildings Construction Corporation and the homebuyers to suggest how they will deal with the unsold flats. In order to rescue the homebuyers who have purchased flats by taking bank loans, the Supreme Court also issued notice to banks to give suggestions on what can be done to release pending loan amounts so …

SC cancels registration of Amrapali group, appoints NBCC to complete pending projects; news brings relief to over 42,000 home buyers
5 years, 8 months ago

SC cancels registration of Amrapali group, appoints NBCC to complete pending projects; news brings relief to over 42,000 home buyers

Firstpost  

A bench of Justices Arun Mishra and UU Lalit also cancelled leases of Amrapali’s properties granted by Noida and Greater Noida authorities and given them to NBCC. A bench of Justices Arun Mishra and UU Lalit also cancelled the leases of Amrapali’s properties granted by the Noida and Greater Noida authorities and directed the Enforcement Directorate to investigate alleged money …

SC Cancels RERA Registration Of Amrapali; Asks NBCC To Take Over Noida Projects [Read Judgment]
5 years, 8 months ago

SC Cancels RERA Registration Of Amrapali; Asks NBCC To Take Over Noida Projects [Read Judgment]

Live Law  

In a major relief to thousands of homebuyers, the Supreme Court on Tuesday cancelled the registration of Amrapali group under Real Estate Act 2016, and directed the National Building Construction Corporation take over its pending construction projects in Greater Noida and Noida.The bench of Justices Arun Mishra and U U Lalit found that Amrapali group had siphoned. In a major …

Relief to homebuyers as SC cancels Amrapali's registration, asks NBCC to complete pending projects
5 years, 8 months ago

Relief to homebuyers as SC cancels Amrapali's registration, asks NBCC to complete pending projects

India Today  

In a big relief to thousands of homebuyers left in the lurch by their builders, the Supreme Court has cancelled the registration of real estate major Amrapali group under the Real Estate Regulatory Authority and lease of its properties granted by Noida and Greater Noida authorities. The Supreme Court also appointed the National Buildings Construction Corporation to complete all the …

NBCC submits revised bid for debt-ridden Jaypee Infratech; to complete over 20,000 delayed apartments in Noida
5 years, 11 months ago

NBCC submits revised bid for debt-ridden Jaypee Infratech; to complete over 20,000 delayed apartments in Noida

Firstpost  

In April 2018, Jaypee Group had also submitted a Rs 10,000 crore plan before lenders to revive Jaypee Infratech, but the same was not accepted. New Delhi: State-owned NBCC Ltd on Wednesday submitted its revised bid to acquire debt-ridden Jaypee Infratech and complete over 20,000 delayed apartments in Noida, sources said. Last week, Jaypee Group promoters made a fresh attempt …

SC grills Amrapali CMD for homebuyers’ money in his account, warns him of jail
6 years, 1 month ago

SC grills Amrapali CMD for homebuyers’ money in his account, warns him of jail

Live Mint  

The Supreme Court on Thursday grilled Amrapali Group CMD Anil Kumar Sharma for ₹94 crore of homebuyers' money being shown in his bank account and also warned that it would send him to jail for his "reluctance" in disclosing the identity of a person, who had bought company's shares worth ₹140 crore from the multi-national firm JP Morgan. A bench …

SC suspects cartelisation as Amrapali’s 5-star hotel unsold in auction
6 years, 1 month ago

SC suspects cartelisation as Amrapali’s 5-star hotel unsold in auction

Live Mint  

Taking strong exception to two prime properties including a five-star hotel of the embattled Amrapali Group finding no bidders, the Supreme Court on Monday said that prima facie it looks like "cartelisation is at work" and sought to know whether "banks are part of cartels". "There were newspaper reports recently that banks are ready to finance the projects constructed by …

NBCC: A giant order book and an earnings disappointment in Q2
6 years, 4 months ago

NBCC: A giant order book and an earnings disappointment in Q2

Live Mint  

Shares of NBCC Ltd lost 9.5% last week after the company reported another quarter of disappointing results. “Due to issues relating to the tree-cutting ban in the national capital region and subdued 1HFY19 performance, we are cutting our earnings estimates for FY19/FY20 by 7.9%/4.3%,” Emkay Global Financial Services Ltd said in a note. The September quarter disappointment notwithstanding, the management …

SC Directs NBCC To Complete Unfinished Amrapali Projects; Time-frame Sought Within A Month
6 years, 7 months ago

SC Directs NBCC To Complete Unfinished Amrapali Projects; Time-frame Sought Within A Month

Live Law  

In a huge relief to Amrapali home buyers, the Supreme Court today directed the public sector National Building Construction Corporation to undertake all unfinished housing projects of the group – flats numbering around 50,000- and file within 30 days a comprehensive plan and timeframe within which construction be completed.A bench of justices Arun Mishra and U U Lalit also. In …

Construction firm NBCC to invest Rs500 crore to acquire 2 loss-making PSUs
6 years, 9 months ago

Construction firm NBCC to invest Rs500 crore to acquire 2 loss-making PSUs

Live Mint  

Mumbai:State-owned construction firm NBCC plans to invest around Rs500 crore to acquire majority stake in two loss-making public sector firms, a top company official said. He added that the company will invest around Rs500 crore from internal accruals to acquire the other two loss-making firms. Last year the company acquired 51% stake in Hindustan Steel Works Construction, also a public …

NBCC offers new housing projects across country
10 years, 9 months ago

NBCC offers new housing projects across country

India TV News  

New Delhi: The National Buildings Construction Corporation is offering new housing projects across the country in the coming months besides working on plans to redevelop as “green complexes” three government colonies in the Capital. Addressing a press Conference here today, CMD of NBCC Anoop Kumar Mittal said that housing projects for general public are underway in Gurgaon, Khekra, Patna and …

NBCC posts gain of Rs 257-cr, plans global expansion
10 years, 9 months ago

NBCC posts gain of Rs 257-cr, plans global expansion

India TV News  

New Delhi: The National Buildings Construction Corporation today announced a net profit of Rs 257 crore for the Financial Year 2013-14 and said it is now planning to expand its global footprint and also has fresh projects in the pipeline in the country, including in housing. The Board of Directors of NBCC has recommended dividend of Rs 5 per equity …

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