BSEHighPositive
Announced Wed, 9 Apr · 19:43 IST

As per attached intimation

Order Above 5pct RevenueBusiness Updates View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NBCC has successfully concluded an e-auction of 1,185 residential units at its Aspire Dream Valley Phase-III project in Greater Noida (West), Uttar Pradesh. The total sale value of the units auctioned is approximately Rs. 1,504.69 crore. NBCC will earn a marketing fee of 1% of the sale value (around Rs. 15 crore) for facilitating the sale. The company described this as part of its ordinary course of business.

Likely market impact

This is a positive operational update showcasing strong demand for NBCC's real estate projects. While the direct revenue impact to NBCC is limited to the marketing fee (~Rs. 15 crore), the large transaction value signals healthy market interest in its developments and supports future earnings visibility.