The contract has been awarded by a domestic entity and does not fall under related-party transactions. Promoters or promoter group companies have no interest in the awarding authority.
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Earlier today, NBCC India said it had successfully concluded the e-auction of 609 residential units across two ongoing housing projects in Greater Noida, Uttar Pradesh, generating sales worth about ₹1,069.43 crore.
The sale marks one of the company’s largest digital auction outcomes in recent quarters as demand for ready and near-complete units in the NCR region continues to improve.In a filing to stock exchanges, NBCC said the units were part of Aspire Leisure Valley Package-2, covering Towers 1 and 2, and Aspire Centurian Park, including Tower 10 and the Iconic tower from the 36th floor upward. The properties fall under Sub-Package-1 of the broader development plan in Greater Noida (West), a micro-market that has seen rising traction as developers complete stalled or delayed projects.
“The company has successfully sold 609 residential units … through an e-auction at a total sale value of approx. ₹1069.43 crores,” NBCC said in the statement, adding that it will earn a marketing fee of 1% of the sale value.
Also Read: NBCC Q2 Results: Profit grows 26% YoY; board declares second interim dividend
Shares of NBCC (India) Ltd ended at ₹113.00, down by ₹1.95, or 1.70%, on the BSE.
