NBCC sets Rs 9,620 crore plan to revive 16 stalled Supertech projects

New Delhi: In a major relief for homebuyers of 16 stalled housing projects by bankrupt builder Supertech, NBCC (India) Limited has floated 25 tenders for Rs 9,620.33 crore for construction and related works across the project portfolio.

NBCC was appointed as the Project Management Consultant (PMC) for completion of these projects by the National Company Law Appellate Tribunal (NCLAT) in December 2024 but there has been no progress since then.

The 16 projects, spread across Uttar Pradesh, Haryana, Uttarakhand and Karnataka, comprise nearly 50,000 stalled housing units.


The Supreme Court, in February 2026, upheld NBCC’s mandate, providing the necessary legal certainty for implementation of the completion plan.

“With the commencement of the tendering process for the Supertech projects, NBCC is reinforcing its role as a trusted public-sector implementation agency for completion of distressed real-estate projects. The initiative is expected to help unlock stalled assets, restore homebuyer confidence and facilitate the eventual delivery of homes that have remained incomplete for several years,” NBCC has said in a statement.

These 16 projects comprise 50,962 homes, of which 39,870 were sold. Of the homes that were sold, 24,871 were already handed over to buyers, while 14,999 are yet to be delivered.

Completion of work on the sold apartments requires an investment of Rs 1,700 crore. Receivables from these units are estimated to be Rs 2,200 crore.

As per the latest the National Company Law Tribunal (NCLT) order, NBCC has in discussion with the ACC (apex court committee) proposed that construction including structural and necessary repair works shall commence from 16 January 2027.

NBCC will continue the due diligence and audit required for commencement of construction.

NCLT order has highlighted challenges in some projects where available information is not matching with the position on ground.

For example, Czar Suites (which is one of the 16 NBCC Projects), while the approval granted by the concerned land authority was for construction of only 844 units, the actual construction on ground as on date comprises 1,908 units, which is in clear violation of the applicable statutory and regulatory approvals.

In Upcountry, sixteen towers have been constructed, of which 5 have been handed over and 11 partially handed over. The towers are approximately 23-27 floors high, i.e. about 75-90 metres.

However, the sanctioned and RERA-approved plan presently available with NBCC reflect approval only up to 30 metres.