NBCC (India) Limited has informed the Exchange regarding 'NBCC Successfully concludes E-auction of residential units at Aspire leisure valley Pkg-1, at Gr. NOIDA(W), UP- Sub-Package-8.NBCC Successfully concludes E-auction of residential units at Aspire leisure valley Pkg-1, at Gr. NOIDA(W), UP- Sub-Package-8.This is hereby informed that NBCC (India) Limited has successfully sold 175 residential units, one tower (Iconic Tower No. 13) at Aspire leisure valley Pkg-1, Gr. Noida(W), UP- Sub-Package-8 through an e-auction at total sale value of approx. Rs. 485.41 crores.
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NBCC (India) Limited has successfully concluded an e-auction for 175 residential units in one tower (Iconic Tower No. 13) at its Aspire Leisure Valley Project, Package-1, Sub-Package-8 in Greater Noida (West), Uttar Pradesh. The total sale value is approximately Rs. 485.41 crores. This is part of NBCC's ongoing residential real estate monetisation efforts in the NCR region. The transaction reflects continued buyer interest in NBCC's housing projects.
Positive for shareholders — the Rs. 485+ crore revenue from a single tower sale strengthens NBCC's real estate segment and improves cash flow visibility, though the impact on stock price depends on the company's overall quarterly performance.