State-run NBCC has e-auctioned 1185 residential units at Aspire Dream Valley at Greater Noida West, garnering close to 1505 crore. The auction witnessed with bids significantly exceeding the reserve price, the company said, adding “the fund shall mitigate the fund requirement of ongoing projects including bank loan payment.”
Dream Valley is a Supreme Court-monitored project. “This sale will be instrumental in completion of the stalled Amrapali Projects and fulfil the dreams of owning their homes by many home buyers. The generated fund shall also be able to reduce the piling up of stalled projects of Noida/Gr.Noida substantially once the existing units get completed.”
