This government company sold flats worth Rs 3217 crore, tremendous response from buyers was seen in e-auction
Government construction company NBCC has sold 1233 flats through e-auction in a new project in Greater Noida. The company has sold these flats for a total of Rs 3217 crore. This is a big achievement for NBCC, along with this it will help the company to complete the stalled projects of the bankrupt Amrapali Group. As per the instructions of the Supreme Court, ‘Amrapali Stalled Projects Investments Reconstruction Establishment’ (ASPIRE) has been formed to complete the stalled projects of Amrapali through NBCC.
The company had earlier sold 274 flats
Public sector company NBCC has been asked to complete 38,000 flats and hand them over to home buyers. In a statement issued on Tuesday, NBCC said that it has successfully sold 1233 flats in Aspire Golf Homes through e-auction. A total sale price of Rs 3216.95 crore has been received excluding related charges. The project ‘Aspire Gold Homes’ has a total of 1507 flats in 11 towers. NBCC had earlier sold 274 flats.
Home buyers bid much higher than the reserve price
The e-auction saw a tremendous response. The bids placed by home buyers were much higher than the reserve price. NBCC said in its statement, “These funds will help in meeting the fund requirements of ongoing projects along with the payment of bank loans.” This sale will be helpful in completing the stalled Amrapali projects and will fulfill the dream of many home buyers to have their own home.
