Suraksha Completes Nearly 6,000 Homes At Jaypee Wish Town

15 Jan 2026 CW Team

In a statement, the company said construction has been completed across 63 towers within the JIL Wish Town township in Uttar Pradesh. Occupancy Certificates (OCs) have already been received for 31 towers, covering 3,135 units.

Suraksha Group has also applied for OCs for an additional 32 towers comprising 2,854 units. These towers are spread across projects including Kosmos, Klassic, Kensington Boulevard Apartments, Kensington Park Apartments, Kensington Park Heights and Pebble Court. The company said it expects to receive the remaining certificates over the next couple of months.

Under its final resolution plan, Suraksha Group had committed to completing around 20,000 homes across various stalled residential projects and handing over possession to distressed homebuyers.

Jash Panchamia, executive director at Jaypee Infratech Limited, said construction activity has continued despite restrictions imposed during winter months under GRAP norms. He added that the completion of 63 towers and the progress on the remaining structures reflects the company’s commitment to delivering homes in line with the timelines outlined in the resolution plan.

Jaypee Wish Town is an integrated township comprising 10 residential projects and 159 towers. Launched in 2010–11, the homes were originally scheduled for delivery by 2014–15. However, prolonged litigation and financial stress at Jaypee Infratech led to construction being stalled for more than a decade.

Suraksha Group assumed control of JIL in June 2024 following a ruling by the National Company Law Appellate Tribunal, which upheld its acquisition bid. The corporate insolvency resolution process against JIL had begun in August 2017 on an application filed by an IDBI Bank-led consortium. Earlier, in March 2023, the National Company Law Tribunal approved Suraksha Group’s bid.

As part of its final resolution plan, Suraksha Group offered lenders more than 2,500 acres of land along with Rs 13 billion through the issuance of non-convertible debentures.

Mumbai-based real estate firm Suraksha Group, which took over Jaypee Infratech Limited (JIL) through an insolvency process in 2024, said on January 12 that it has completed construction of 5,989 housing units across multiple projects at Jaypee Wish Town in Noida and secured occupancy certificates for more than 3,100 units. In a statement, the company said construction has been completed across 63 towers within the JIL Wish Town township in Uttar Pradesh. Occupancy Certificates (OCs) have already been received for 31 towers, covering 3,135 units. Suraksha Group has also applied for OCs for an additional 32 towers comprising 2,854 units. These towers are spread across projects including Kosmos, Klassic, Kensington Boulevard Apartments, Kensington Park Apartments, Kensington Park Heights and Pebble Court. The company said it expects to receive the remaining certificates over the next couple of months. Under its final resolution plan, Suraksha Group had committed to completing around 20,000 homes across various stalled residential projects and handing over possession to distressed homebuyers. Jash Panchamia, executive director at Jaypee Infratech Limited, said construction activity has continued despite restrictions imposed during winter months under GRAP norms. He added that the completion of 63 towers and the progress on the remaining structures reflects the company’s commitment to delivering homes in line with the timelines outlined in the resolution plan. Jaypee Wish Town is an integrated township comprising 10 residential projects and 159 towers. Launched in 2010–11, the homes were originally scheduled for delivery by 2014–15. However, prolonged litigation and financial stress at Jaypee Infratech led to construction being stalled for more than a decade. Suraksha Group assumed control of JIL in June 2024 following a ruling by the National Company Law Appellate Tribunal, which upheld its acquisition bid. The corporate insolvency resolution process against JIL had begun in August 2017 on an application filed by an IDBI Bank-led consortium. Earlier, in March 2023, the National Company Law Tribunal approved Suraksha Group’s bid. As part of its final resolution plan, Suraksha Group offered lenders more than 2,500 acres of land along with Rs 13 billion through the issuance of non-convertible debentures.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..