NBCC (India) Ltd., a Navratna public sector enterprise, saw its stock surge by 2% today after announcing robust sales of Rs 2,650 crore, driven by strong demand for its residential projects. The company disclosed that it sold 560 residential units at its Aspire Leisure Park project in Greater Noida through a highly successful e-auction, fetching over Rs 1,153 crore.
The impressive sales figures underscore NBCC’s growing footprint in India’s real estate market and its ability to attract buyers with premium offerings. The Aspire Leisure Park project, known for its modern amenities and strategic location, has emerged as a sought-after destination for homebuyers in the National Capital Region (NCR).
Market analysts attribute the stock rally to investor confidence in NBCC’s diversified portfolio and consistent project execution. The company’s focus on sustainable urban development and government-backed infrastructure projects continues to bolster its financial performance.