Particle.news
Download on the App Store
3 ARTICLES
·
4mo ago

Suraksha Group Accelerates Jaypee Infratech Revival with ₹5,500 Crore Investment Plan

The group commits to completing 20,000 long-delayed housing units by December 2028, ramping up construction and securing critical approvals to meet court-mandated deadlines.

Suraksha Group-led Jaypee Infratech on April 24 assured nearly 20,000 homebuyers, who have been waiting for their homes for over 15 years, that it would invest close to ₹5,500 crore over the next three years to complete the stalled housing units. (Left) Abhijit Gohil, CEO, Jaypee Infratech Limited and (right) Jash Panchamia, executive director, Jaypee Infratech Limited)
Suraksha Group to infuse ₹5,500 cr in 3 years to deliver Jaypee projects in Noida

Overview

  • Suraksha Group has launched a ₹5,500 crore funding plan to complete Jaypee Infratech's stalled housing projects within the next three years.
  • Approximately 3,200 workers are now deployed across sites, with further increases planned as contracts are finalized to expedite progress.
  • The company has obtained occupancy certificates for 22 towers, with applications for 12 more filed and 18 additional certificates expected by early June 2025.
  • A structured financing mix includes a ₹3,000 crore credit line, annual toll revenues of ₹500 crore, and ₹1,200 crore recoverable from buyer dues.
  • Homebuyers, frustrated by delays despite the resolution plan, continue to scrutinize progress, as Suraksha works to meet regulatory and court-mandated milestones.