Major investment aims to complete 20,000 stalled flats in Delhi-NCR.
Suraksha Group's ₹125 crore equity fund infusion to resume construction of 20,000 incomplete flats in Delhi-NCR.
Jaypee Infratech faced significant delays, leaving homebuyers in Delhi-NCR waiting for their investments.
Suraksha Group took over Jaypee Infratech, forming a three-member board to oversee the resolution.
On June 11, Suraksha Group infused ₹125 crore into Jaypee Infratech, as part of the resolution plan.
Suraksha Group will soon resume construction work to complete 20,000 flats, providing much-needed relief to homebuyers.
NCLAT upheld Suraksha's bid on May 24, 2024, directing an additional ₹1,334 crore payment to YEIDA for farmers' compensation.
Suraksha Group will begin payments to YEIDA as per the schedule to resolve outstanding claims.
The investment and new management team aim to expedite project completions, benefiting all stakeholders