Allow work to start on 6 projects of Wish Town

05 Oct 2023 CW Team

An implementation and monitoring committee, led by the CEO of Suraksha Group, is gearing up to file an application with the National Company Law Appellate Tribunal (NCLAT). Their aim is to obtain permission for the resumption of construction work on six projects within Jaypee Wish Town that have remained stalled since 2014.

These six projects, located in Sector 128, encompass Garden Isle, Kube, Orchards, Krescent Homes, Kasa Isle, and Pebble Court, collectively offering a total of 9,320 flats across 82 towers. Progress on these developments had reached just over 50% completion before construction came to a standstill nearly a decade ago.

Officials close to the matter have indicated that, pending a favorable ruling from the NCLAT, the committee intends to swiftly move forward with awarding tenders to recommence construction efforts. Once work resumes, it is anticipated that a significant portion of the 9,000-plus flats will be ready for occupancy within a two-year timeframe.

The application's submission marks a crucial step in the potential revival of these long-delayed projects, offering hope to homeowners and stakeholders eagerly awaiting their completion.

Infrastructure Urban

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