NBCC Green View Apartments

Strengths

• Developer NBCC is a Navratna PSU with government backing, which improves the probability of some compensation or redevelopment scheme eventually (though not guaranteed).
• Sector 37D on Dwarka Expressway has strategic connectivity and is seeing broader infrastructure growth.
• Original occupancy certificate was obtained in 2017-18, confirming the project was legally deliverable before structural failure emerged.

Risks

• CRITICAL STRUCTURAL FAILURE: Multiple premier institutions (IIT Delhi, IIT Roorkee, CBRI) have declared the buildings unsafe and recommended demolition.
• COMPLETELY EVACUATED: The District Administration evacuated all residents under the Disaster Management Act; the complex is uninhabitable.
• SIGNIFICANT LITIGATION: 10 ongoing cases by home buyers plus 2 contractor disputes. Buyer's capital is at risk.
• INVENTORY WRITE-DOWN: NBCC wrote down ₹99.8 crore on unsold inventory, signalling total value destruction.
• NO TIMELINE FOR RESOLUTION: No public disclosure on demolition schedule, redevelopment plan, or compensation mechanism for existing allottees.
• RERA DATA UNAVAILABLE: Specific RERA ID and dispute resolution status under HRERA not found in public domain for this project.

Our read

Location:

Sector 37D along Dwarka Expressway is a growth corridor with improving connectivity to Delhi and IGI Airport. However, the specific project site is currently a stranded asset with a collapsed building value. Nearby projects (Ramprastha, Signature Global) continue to trade, but NBCC Green View is a black spot.

Price:

There is no valid price for this project. Any quote found on property portals is obsolete. For existing buyers, capital is impaired. For new buyers, this is not a buyable asset unless NBCC announces a clear redevelopment with fresh RERA registration and independent structural clearances.

Buyer fit:

None. This project is unsuitable for end-use, investment, or speculative purchase in its current state. Only relevant parties are existing allottees awaiting compensation/litigation outcomes.

Market read

Price trend:

Effectively non-tradable. Listings on aggregator sites (₹1.03–1.39 Cr / ₹6,300 psf) are stale/pre-evacuation data. Post-evacuation and demolition recommendation, there is no functional resale or rental market. Existing owners' capital is trapped pending litigation/compensation.

Rental yield:

Zero. The project is completely vacated under the Disaster Management Act and uninhabitable.

Demand:

Nil for this specific project. Sector 37D generally sees demand for ready properties along Dwarka Expressway, but NBCC Green View is toxic inventory.

Resale:

Frozen. Any resale is impossible without clarity on demolition, redevelopment or compensation framework. Existing buyers are litigating.

In the news

• NBCC Green View Sector 37D Gurugram: Buildings evacuated after IIT-Delhi, IIT-Roorkee and CBRI recommend demolition due to structural cracks

  NBCC's own financial disclosures confirm that NBCC Green View, Sector 37D, Gurugram developed structural cracks after occupancy. IIT Delhi (Oct 2021) advised immediate vacation. IIT Roorkee and CBRI Roorkee expert committee concluded 'No repair/restoration method seems economically viable and safe in the long term. It is recommended to demolish the structure.' A review panel concurred. Buildings were completely evacuated under the Disaster Management Act. As of March 2022, the premises stands completely vacated. The company wrote down unsold inventory by ₹99.8 crore. There are 12 ongoing litigations (10 by home buyers, 2 by contractor). — Goodreturns (NBCC India Notes to Account), 2022-03-31

• NBCC Q4 FY26 results: Net profit rises 37% YoY to ₹241 crore; dividend recommended

  NBCC India reported strong profit growth in Q4 FY26 driven by PMC and cost control. However, this corporate result does not alter the status of the evacuated Green View project, which remains a legacy liability with ongoing litigation and impaired inventory. — Upstox / Multibagg, 2026-05-28