The Supreme Court has approved the completion of 16 stalled projects of Supertech Limited by NBCC (India) Limited. The decision follows appeals regarding the matter and upholds the December 12, 2024, order from the Hon’ble NCLAT. These projects encompass 49,748 houses across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka.
Supreme Court Verdict on Supertech Projects
The Hon’ble Supreme Court has approved the completion of 16 stalled projects by Supertech Limited under the supervision of NBCC (India) Limited, as announced on February 6th, 2026. This decision follows the hearing of appeals and supports the earlier December 12, 2024, order of the Hon’ble NCLAT.
Project Details and Scope
NBCC will undertake the completion of these projects, encompassing a total of 49,748 houses. These housing projects are located in multiple states: Uttar Pradesh, Uttarakhand, Haryana, and Karnataka.
Financial Aspects
The tentative construction cost for completing these projects is approximately ₹9,445 crore, which includes a 3% contingency. The Project Management Consultancy (PMC) fee is fixed at 8%, which includes a 1% marketing fee.
Source: BSE
