After long wait, work begins to complete Jaypee Wish Town towers

07 Apr 2023 CW Team

Aman, Klassic, and Kensington Park are among the projects on the list. These projects will cost between Rs 1,000 and Rs 1,500 crore, with an additional Rs 450 crore set aside.

While Jaiprakash Associates has been retained as the contractor for the time being, the plan is to increase the number of workers from around 3,500 to close to 5,000-6,000 in the next four to five months. Even for contractors, payment timelines are being reworked to ensure better cash flow and increased activity.

In the case of Wish Town's remaining 82 towers, where work had come to a halt even before the insolvency process began five years ago, JIL has tasked IIT with conducting an assessment of the projects wherever reinforcements are exposed. The plan is to start work over the next three months or so, sources said, adding that this is expected to benefit around 10,000 or more homebuyers, who have been waiting for their properties.

Suraksha has contributed some funds to the project, and Jaiprakash Associates has also contributed Rs 265 crore. It is also proposed that the cash flow from the Greater Noida-Agra Expressway be used for construction activity in the coming months.

The 91 towers where an offer for possession has already been made are also expected to be spruced up, as many of the promised amenities have yet to be delivered, causing resentment among homebuyers. While YEIDA is challenging the NCLT order in the National Company Appellate Tribunal, Suraksha Group has begun the process of hiring for JIL to ensure adequate manpower.

Also Read
Lithium price drop gives Indians hope for more affordably priced EVs
L&T hydrocarbon division wins the ME contract

The Suraksha Group, which was awarded Jaypee Infratech (JIL) by the NCLT following the company's bankruptcy, has begun construction and completion of 170 towers at a cost of over Rs 5,000 crore. Since the establishment of the five-member Implementation and Monitoring Committee (IMC) last month, the Mumbai-based group has moved to accelerate construction in 62 towers, in addition to 15 where work is currently halted. Aman, Klassic, and Kensington Park are among the projects on the list. These projects will cost between Rs 1,000 and Rs 1,500 crore, with an additional Rs 450 crore set aside. While Jaiprakash Associates has been retained as the contractor for the time being, the plan is to increase the number of workers from around 3,500 to close to 5,000-6,000 in the next four to five months. Even for contractors, payment timelines are being reworked to ensure better cash flow and increased activity. In the case of Wish Town's remaining 82 towers, where work had come to a halt even before the insolvency process began five years ago, JIL has tasked IIT with conducting an assessment of the projects wherever reinforcements are exposed. The plan is to start work over the next three months or so, sources said, adding that this is expected to benefit around 10,000 or more homebuyers, who have been waiting for their properties. Suraksha has contributed some funds to the project, and Jaiprakash Associates has also contributed Rs 265 crore. It is also proposed that the cash flow from the Greater Noida-Agra Expressway be used for construction activity in the coming months. The 91 towers where an offer for possession has already been made are also expected to be spruced up, as many of the promised amenities have yet to be delivered, causing resentment among homebuyers. While YEIDA is challenging the NCLT order in the National Company Appellate Tribunal, Suraksha Group has begun the process of hiring for JIL to ensure adequate manpower. Also Read Lithium price drop gives Indians hope for more affordably priced EVs L&T hydrocarbon division wins the ME contract

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

Infrastructure Urban

08 May 2026

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Infrastructure Transport

08 May 2026

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..