NBCC (India) Limited has informed the Exchange regarding 'NBCC Successfully concludes E-auction of residential units at Aspire leisure valley, (2 towers: Tower No 7 & 8) at Gr. Noida (W), UP and Aspire Silicon City, Ph-IV (Tower No.05) at Sec-76, Noida, UP; Sub-Package-4.'.
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NBCC has successfully sold 417 residential units across two projects in Greater Noida (West) and Noida Sector 76 through an e-auction process. The total sale value is approximately Rs. 1,045.40 crores. NBCC will earn a 1% marketing fee on the sale value, amounting to roughly Rs. 10.45 crores. The transaction was carried out as part of the company's normal business activities. The sale covered Tower 7 & 8 at Aspire Leisure Valley and Tower 5 at Aspire Silicon City Phase-IV.
This is a positive operational update confirming strong demand for NBCC's residential projects and successful inventory monetization. While the direct marketing fee of ~Rs. 10.45 crores is modest relative to NBCC's overall business, the successful auction of 417 units signals healthy real estate demand and supports the company's ongoing development pipeline.