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NBCC Floats Tenders Worth Rs 9620 Crore to Revive 16 Stalled Supertech Projects
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News18•06-10-2026, 22:45
NBCC Floats Tenders Worth Rs 9620 Crore to Revive 16 Stalled Supertech Projects
- •State-owned NBCC has floated 25 tenders aggregating Rs 9,620.33 crore for the construction and related works of 16 stalled Supertech Ltd projects.
- •The initiative aims to bring relief to thousands of homebuyers whose funds and properties have been stuck for years.
- •The 16 projects span across Uttar Pradesh, Haryana, Uttarakhand, and Karnataka, comprising nearly 50,000 stalled housing units.
- •NBCC was appointed as the Project Management Consultant by NCLAT in December 2024, a mandate subsequently upheld by the Supreme Court in February 2026.
Key Questions Answered
NBCC has floated 25 tenders aggregating Rs 9,620.33 crore for the construction and related works of 16 stalled residential projects of Supertech Limited.
NBCC was appointed as the Project Management Consultant (PMC) for completing these housing projects by the National Company Law Appellate Tribunal (NCLAT) in December 2024.
The Supreme Court upheld NBCC's mandate in February 2026, which provided the necessary legal certainty needed to implement the completion plan for the housing units.
