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NBCC Floats Tenders Worth Rs 9,620 Crore to Revive 16 Stalled Supertech Projects
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CNBC TV18•06-10-2026, 23:16
NBCC Floats Tenders Worth Rs 9,620 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 Limited real estate projects.
- •The projects are spread across Uttar Pradesh, Haryana, Uttarakhand, and Karnataka, encompassing nearly 50,000 stalled housing units that have left thousands of homebuyers in distress.
- •NCLAT appointed NBCC as the Project Management Consultant for completing these projects in December 2024.
- •The Supreme Court upheld NBCC's mandate in February 2026, ensuring the necessary legal certainty to implement the completion plan.
Key Questions Answered
State-owned NBCC has floated 25 tenders aggregating ₹9,620.33 crore for the construction and related works of 16 stalled residential projects of Supertech Limited.
The National Company Law Appellate Tribunal (NCLAT) appointed NBCC as the Project Management Consultant in December 2024, and the Supreme Court subsequently upheld this mandate in February 2026.
The 16 stalled Supertech projects comprise nearly 50,000 housing units spread across Uttar Pradesh, Haryana, Uttarakhand, and Karnataka.
