NBCC Reports Major Sales Success at Aspire Projects in Greater Noida
Shares of NBCC (India) Ltd, a Navratna public sector enterprise, rose nearly 2 percent to ₹89 apiece on April 11 after the company disclosed significant residential sales across its real estate developments in Greater Noida, aggregating to over ₹2,650 crore. The twin announcements mark one of the largest e-auction-based sales by a PSU in recent months and reflect the growing demand for planned housing in the National Capital Region (NCR).
Highlights:
NBCC shares closed at ₹89 on April 11, up nearly 2 percent intraday.
Over 1,745 units sold across two Greater Noida projects via e-auctions.
Combined value of sales exceeds ₹2,650 crore.
Company to earn marketing fee at 1% of total transaction value.
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Aspire Leisure Park and Dream Valley Phase III Drive Revenue Upsurge
According to the exchange filing on April 11, NBCC sold 560 residential units at its Aspire Leisure Park project through an e-auction, raking in ₹1,153 crore. The company noted that it would receive a 1 percent marketing fee on the total sales value.
This followed another positive update on April 9, where NBCC disclosed the sale of 1,185 residential units at Aspire Dream Valley Phase III, also located in Greater Noida, through a similar e-auction process. That transaction fetched a total of ₹1,504.69 crore. Combined, both transactions represent a substantial monetisation of housing assets by the PSU developer.
The robust performance underscores NBCC’s ability to capitalise on growing homebuyer interest in Greater Noida and the success of its digitised sales model through e-auctions.
Highlights:
Aspire Leisure Park: 560 units sold for ₹1,153 crore.
Aspire Dream Valley Phase III: 1,185 units sold for ₹1,504.69 crore.
Strong response to NBCC’s online auction strategy.
Stock Recovers Sharply from March Lows, Eyes Further Gains
NBCC shares have staged a strong recovery of nearly 26 percent since hitting a 52-week low of ₹70.80 on March 3. The stock touched an intraday high of ₹90 on April 11, marking its highest level in a month. However, the stock still trades nearly 36 percent below its 52-week high of ₹139.83, recorded on August 28 last year.
This recovery is partly attributed to the company’s renewed sales traction, efficient monetisation of unsold housing inventory, and optimism over PSU sector reforms. Additionally, the Greater Noida real estate market has seen rising demand due to infrastructure development and improved urban planning.
Highlights:
26% recovery from 52-week low recorded in March.
1-month high of ₹90 hit during trading on April 11.
Still 36% below 52-week peak of ₹139.83 from August 2024.
Greater Noida: Planned City Gains Preference Among NCR Homebuyers
At the Rising Bharat Summit, Sri Lakshmi from the Greater Noida Industrial Development Authority (GNIDA) highlighted the city’s design legacy and livability advantages. She noted that Greater Noida was developed from scratch as a greenfield project, with structured sectors for residential, commercial, institutional, and industrial use — a rarity in Indian urban planning.
She also stressed that Greater Noida’s planned infrastructure, green spaces, and connectivity have made it a preferred destination for residents migrating from Delhi and other NCR regions. This sentiment is echoed in the strong sales uptake seen in NBCC’s residential projects.
Highlights:
Greater Noida cited as one of India’s few fully planned urban centers.
High livability index driving buyer interest.
Strong demand from professionals seeking housing outside congested Delhi zones.
