NBCC tenders ₹9,620 crore for Supertech project completion
after close1 source ↓machine-written, see hownot a recommendation
- totaling
- 25 tenders
- for the construction
- ₹9,620.33 crore
- by Supertech
- 16 stalled residential projects
- across Uttar Pradesh
- 50,000 housing units
NBCC (India) has issued 25 tenders totaling ₹9,620.33 crore for the construction of 16 stalled residential projects by Supertech, covering nearly 50,000 housing units across Uttar Pradesh, Haryana, Uttarakhand, and Karnataka. This initiative follows the NCLAT's appointment of NBCC as project management consultant in December 2024, with the Supreme Court's support in February 2026, marking a significant step in the resolution process.
The tendering process signals progress towards project execution, which may positively impact the real estate sector and boost investor sentiment.
Not investment advice. For informational purposes only.