The Suraksha Group has committed to investing Rs 55 billion to complete approx.20,000 pending homes under Jaypee Infratech, aiming for full delivery by 2027. The Group has secured a Rs 30 billion credit line and invested Rs 1.25 billion in equity towards the project.

Construction activities have already commenced, with Jaypee Infratech CEO Abhijit Gohil affirming the company’s dedication to ensuring timely possession for homebuyers. The project covers 159 residential towers. Occupancy certificates have already been obtained for 22 towers, with applications filed for another 12, and plans to file for an additional 18 by early June.

The company targets the delivery of 62 towers by the end of 2025, with the remaining 97 scheduled over the next 40 months. Despite initial delays, including those caused by GRAP orders, most construction contracts have been awarded to earlier JAL contractors. RERA approvals have been secured for most projects, and sales of 1,100 unsold units are expected to be launched soon.

The National Company Law Appellate Tribunal (NCLAT) approved Suraksha’s resolution plan in May, 2024. As part of the settlement, Suraksha must compensate the Yamuna Expressway Industrial Development Authority (YEIDA) with Rs 13.35 billion over four years.