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NBCC Floats Rs 9,620 Crore Tenders to Revive 16 Stalled Supertech Projects
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Moneycontrol•07-10-2026, 08:23
NBCC Floats Rs 9,620 Crore Tenders to Revive 16 Stalled Supertech Projects
- •State-owned company NBCC has floated 25 tenders worth Rs 9,620 crore for the construction of 16 stalled real estate projects of Supertech Ltd.
- •The initiative aims to bring relief to thousands of homebuyers who have been stuck and facing financial distress for years.
- •The 16 projects encompass nearly 50,000 stalled housing units spread across Uttar Pradesh, Haryana, Uttarakhand and Karnataka.
- •NBCC was appointed as the Project Management Consultant for the completion of these projects by the National Company Law Appellate Tribunal in December 2024.
- •The Supreme Court upheld NBCC's mandate in February 2026, providing the legal certainty required to implement the completion plan.
Key Questions Answered
State-owned 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 the completion of these stalled projects by the National Company Law Appellate Tribunal (NCLAT) in December 2024.
The 16 stalled projects are spread across Uttar Pradesh, Haryana, Uttarakhand, and Karnataka, comprising nearly 50,000 stalled housing units.
