NBCC launches tenders to revive Supertech’s stalled housing projects

The National Buildings Construction Corporation (NBCC) has initiated 25 tender packages totaling Rs. 9,620.33 crore to resume work on 16 stalled residential developments under Supertech’s ownership. These projects encompass nearly 50,000 housing units spread across four states, following prolonged insolvency proceedings and legal disputes that halted construction.

Twelve of the 16 projects are located in Uttar Pradesh, while two are in Haryana and one each in Uttarakhand and Karnataka. Key sites include Noida, Greater Noida, Gurugram, Meerut, Rudrapur, Bengaluru, and Dehradun. The largest concentrations of units are in Noida’s Capetown, Romano, Eco-citi, Northeye, Eco-Village, and Czar Suites, as well as along the Yamuna Expressway.

NBCC was designated as the Project Management Consultant (PMC) by the National Company Law Appellate Tribunal (NCLAT) in December 2024, with its authority later confirmed by the Supreme Court in February 2026. NBCC’s role is as a project management consultant, and it is not taking on the financial liability of the projects. The original budget for completing these projects stood at Rs. 9,445 crore, including statutory fees and contingencies.

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The tendering process marks a shift from the legal and resolution proceedings around the projects towards the execution stage, although construction has not yet resumed at the sites. Recent proceedings have also highlighted differences between sanctioned plans and actual construction in some projects, adding to the due diligence required before work can begin. Meanwhile, a Supreme Court-appointed committee is evaluating funding mechanisms, including the potential use of unsold inventory to support the revival effort.

Work is scheduled to begin on January 16, 2027, contingent on tender finalization and necessary approvals. NBCC started drafting tender documents in September 2026, releasing them in phases throughout October. The project timeline assumes successful completion of audits, funding finalization, and regulatory clearances.

For the thousands of homebuyers still awaiting possession, the tender process represents a critical step forward after years of delays. However, the latest tenders are only the next step in the revival process, and actual completion will depend on the tender process, funding, approvals and construction progressing as scheduled.