NBCC to Sell Amrapali Flats in Bulk – What It Means for Buyers in Greater Noida

Greater Noida’s real estate market is once again in the spotlight, thanks to a major move by NBCC (National Buildings Construction Corporation). The government-backed construction company has announced that it will sell over 5,000 unsold flats from the stalled Amrapali projects to private builders in bulk. This decision comes after years of delay and uncertainty faced by homebuyers of Amrapali Group’s incomplete residential projects.

This move is expected to unlock stuck inventory, generate funds for project completion, and offer relief to thousands of buyers. But how exactly does this bulk sale impact new buyers, existing allottees, and the Greater Noida property market? Let’s dive in.

Background: The Amrapali Crisis

The Amrapali Group was once a trusted name in NCR’s real estate landscape. However, due to mismanagement, financial irregularities, and lack of timely delivery, most of their projects in Noida, Greater Noida, and Noida Extension came to a grinding halt. The Supreme Court, in 2019, cancelled Amrapali’s registration and appointed NBCC to complete the unfinished projects.

Since then, NBCC has been tasked with completing over 45,000 flats spread across 23 Amrapali projects, many of which are in Greater Noida. But completing these required funds, and many of the already booked flats had payment defaults.

NBCC’s Plan: Bulk Sale of Unsold Flats

To speed up construction and fund ongoing work, NBCC has received Supreme Court approval to sell unsold Amrapali flats in bulk to private builders. These builders, in return, will:

• Complete the construction of these flats.

• Pay NBCC a fixed amount or share of profits.

• Maintain the quality and specifications as per approved plans.

This move is expected to generate over ₹5,000 crore, which will be used to complete homes of existing allottees who have been waiting for delivery for over 6–8 years.

How This Affects New Buyers

For new buyers looking to own a home in Greater Noida, this could open up affordable housing options. Here’s how:

✅ Lower Prices

Since these flats are part of older inventory, many of them will be priced below the current market rate for similar-sized apartments. For instance, a 2 BHK flat may be priced between ₹35–45 lakhs, while 3 BHK units could be available for ₹50–60 lakhs.

✅ Legal Clarity

Unlike before, where buyers were unsure about possession or documentation, these units are now backed by court orders, managed by NBCC, and monitored by the Supreme Court-appointed receiver.

✅ Faster Delivery

Most of the civil work is already complete. Once private builders take over, flats could be ready within 6–12 months depending on the stage of construction.

What Existing Buyers Should Know

There are around 39,000 existing allottees in Amrapali projects who have already paid partial or full amounts. For them:

• This move is beneficial because funds raised from the sale will be used to complete their homes.

• The court receiver and NBCC have assured that their interests will not be compromised.

• NBCC will continue to supervise and maintain accountability for quality and timelines.

Projects Likely to Be Offered in Bulk Sale

Some of the Amrapali projects under the spotlight include:

• Amrapali Centurian Park

• Amrapali Silicon City

• Amrapali Zodiac

• Amrapali Dream Valley

• Amrapali Leisure Valley

Most of these are located in Greater Noida West (Noida Extension) and are well-connected to schools, hospitals, metro stations, and commercial hubs.

Pricing and Loan Facilities

Banks are now more open to financing Amrapali flats under NBCC’s supervision. You can expect:

• Home loan eligibility up to 80–85% of property value

• Interest rates ranging from 8.5–9.2%

• Builders may offer early-bird discounts or special payment plans

Legal and Safety Aspects

This entire sale process is legally protected by the Supreme Court, and any transactions will be verified by the court receiver. Therefore:

• There’s minimal risk of fraud or title disputes.

• RERA and other registration formalities will be properly maintained.

• Buyers should still hire a legal advisor before signing any agreement.

FAQs

Q1. Can I buy an Amrapali flat now without legal risk?
Yes. NBCC-managed Amrapali flats are now considered safe under the supervision of the Supreme Court-appointed receiver.

Q2. Will NBCC continue to manage the projects after the bulk sale?
NBCC will supervise the work done by private builders but may not manage day-to-day construction.

Q3. How much will a 2 BHK Amrapali flat cost now?
Prices are expected between ₹35–45 lakhs depending on the project, floor, and location.

Q4. Can I get a home loan for these flats?
Yes. Most nationalized and private banks are offering loans for these flats now.

Q5. When can I expect possession after buying?
Possession timelines range from 6 to 18 months, depending on the current stage of construction.

Conclusion

The decision to allow NBCC to sell Amrapali flats in bulk could be a game-changer for both the real estate sector and thousands of homebuyers in Greater Noida. With the safety of legal protection, affordable pricing, and faster possession, these properties present a great opportunity—especially for first-time buyers and mid-income families.