NBCC Floats Tender for Sale of Unused FAR of Amrapali Project in Noida

The government’s construction arm NBCC which is tasked with delivering 38,159 flats by the erstwhile Amrapali Group by 2023, has floated a tender for sale of unused balance floor area ratio (FAR) of Amrapali Princely Estate project located in Noida for Rs 40 crore, NB

BY Realty Plus
Published - Thursday, 19 Aug, 2021

NBCC Floats Tender for Sale of Unused FAR of Amrapali Project in Noida

The government’s construction arm NBCC which is tasked with delivering 38,159 flats by the erstwhile Amrapali Group by 2023, has floated a tender for sale of unused balance floor area ratio (FAR) of Amrapali Princely Estate project located in Noida for Rs 40 crore, NBCC stated. The FAR spread across 2 lakh sq ft space is for sale. We hope to realise Rs 40 crore from the sale. The amount will go into completion of unfinished units of erstwhile Amrapali Group. The auction is expected to take place on September 3, the document said. “NBCC (India) Ltd has announced on behalf of the Court Receiver for sale of unused sanctioned FAR and extra FAR over and above sanctioned FAR (up to 3.5 FAR) of Princely Estate Project of erstwhile Amrapali Group,” the notice said. The last date of submission of the pre-bid is August 29, 2021, and the earnest money deposit is Rs 4 crore, the document said.