Relief for Homebuyers as NBCC Floats ₹9,620-Crore Tenders for Supertech Projects
What Happened
NBCC (India) Ltd has floated 25 tenders worth ₹9,620.33 crore to revive 16 stalled residential projects of Supertech Ltd across Uttar Pradesh, Haryana, Uttarakhand, and Karnataka. The projects comprise nearly 50,000 housing units, offering hope to thousands of homebuyers who have faced years of delays.
Key Takeaways
NBCC's tendering process marks the transition from planning to execution after the National Company Law Appellate Tribunal (NCLAT) appointed it as project management consultant and the Supreme Court upheld its mandate. The move is expected to unlock stalled assets, restore buyer confidence, and accelerate housing deliveries.