NBCC Floats Tender For Appointment of Channel Partner

The government’s construction arm NBCC has floated a tender for appointment of a channel partner for sale of around 5,000 unsold housing units and commercial areas that are part of projects by embattled firm Amrapali Group. The amount expected to be generated from the

BY Realty Plus
Published - Wednesday, 21 Jul, 2021

NBCC Floats Tender For Appointment of Channel Partner

The government’s construction arm NBCC has floated a tender for appointment of a channel partner for sale of around 5,000 unsold housing units and commercial areas that are part of projects by embattled firm Amrapali Group. The amount expected to be generated from the sale of these units will be around Rs 2,000 crore, NBCC CMD PK Gupta stated. These units are located in Noida and Greater Noida. The closing date is July 29, 2021. “We are planning to depute a channel partner to sell the unsold inventory that comprises around 5,000 units located across Amrapali projects in Noida and Greater Noida. The tender has been floated. We are expecting a revenue of around Rs 2,000 crore from the sale of these units,” he said. According to the tender document, the housing units comprise 2BHK/ 3BHK 4BHK/villas and penthouses spread across an area of 6,45,90, 73 sq ft. The commercial space is spread across 0.22 lakh sq ft. NBCC had in March this year put up for sale around 49 units as part of the offline draw whose results were announced on June 14. It had managed to sell 20 of the 49 residential units spread across Amrapali projects in Noida and Greater Noida worth Rs 20 crore.