NBCC (India) Ltd, the government-owned construction and consultancy company, has sold 609 residential units in Greater Noida for approximately ₹1,069.43 crore through an e-auction. The flats are part of two projects namely, Aspire Leisure Valley (Package-2, Towers 1 & 2) and Aspire Centurian Park (Tower 10 and Iconic floors 36+).
These projects were originally stalled by the Amrapali Group and are now being completed under the Supreme Court-appointed agency ASPIRE, with NBCC taking the lead in reconstruction. Under the current arrangement, NBCC will earn 1% of the transaction value as a marketing fee. The bulk sale is seen as a key step in monetising the inventory while ensuring homebuyers eventually get their flats.
On the same day, NBCC’s stock went ex-dividend, with the record date fixed for November 19, for its second interim dividend of ₹0.21 per share for FY26.
In addition to the Greater Noida sale, NBCC has also won a major order worth ₹2,966.10 crore from the Nagpur Metropolitan Region Development Authority (NMRDA). The contract involves providing project management consultancy (PMC) for the “Naveen Nagpur – Phase 1” development.
The combination of a large inventory sale and a high-value order has drawn investor attention, leading to positive sentiment in the markets. Analysts view these developments as NBCC’s efforts to strengthen its financial position while continuing to deliver stalled housing projects and expand its portfolio of government infrastructure contracts.