+
Suraksha Group allocates 2,552 acre for Jaypee Infratech lenders in NCR
Real Estate

Suraksha Group allocates 2,552 acre for Jaypee Infratech lenders in NCR

Suraksha Group, which acquired Jaypee Infratech (JIL) through an insolvency process, has identified 2,552 acre of land parcels for the lenders of the bankrupt real estate firm as part of its resolution plan. On June 4, Suraksha Group took control of JIL after the National Company Law Appellate Tribunal (NCLAT) upheld its bid to acquire JIL on May 24 and formed a new board.

Sources indicated that Suraksha Group has allocated 2,372 acre of land for assenting lenders and an additional 180 acre specifically for ICICI. The group appointed the real estate consultant CBRE to assist in the land identification process. JIL owned approximately 6,250 acre of land in the Delhi-NCR region and surrounding areas.

In its resolution plan, which received approval from the National Company Law Tribunal (NCLT) in March of the previous year, Suraksha Group proposed offering more than 2,500 acres of land to bankers to partly settle their dues.

Sources also revealed that over the past three months, Suraksha Group has injected Rs 1.25 billion as equity and another Rs 1.25 billion as debt into Jaypee Infratech. Additionally, the group has secured a loan facility of Rs 30 billion as it prepares to complete around 20,000 unfinished flats in the Delhi-NCR region.

Furthermore, approximately Rs 10 billion in cash is currently held in JIL's balance sheet, accumulated from its real estate business and toll income from the Yamuna Expressway, which connects Greater Noida and Agra. This brings the total available cash in JIL to Rs 12.50 billion.

Suraksha Group will need an investment of Rs 65-70 billion to finish nearly 160 residential towers across various projects. Before Suraksha Group's takeover, construction was ongoing in only 62 towers, while work on the remaining 97 towers had come to a complete halt.

Suraksha Group, which acquired Jaypee Infratech (JIL) through an insolvency process, has identified 2,552 acre of land parcels for the lenders of the bankrupt real estate firm as part of its resolution plan. On June 4, Suraksha Group took control of JIL after the National Company Law Appellate Tribunal (NCLAT) upheld its bid to acquire JIL on May 24 and formed a new board. Sources indicated that Suraksha Group has allocated 2,372 acre of land for assenting lenders and an additional 180 acre specifically for ICICI. The group appointed the real estate consultant CBRE to assist in the land identification process. JIL owned approximately 6,250 acre of land in the Delhi-NCR region and surrounding areas. In its resolution plan, which received approval from the National Company Law Tribunal (NCLT) in March of the previous year, Suraksha Group proposed offering more than 2,500 acres of land to bankers to partly settle their dues. Sources also revealed that over the past three months, Suraksha Group has injected Rs 1.25 billion as equity and another Rs 1.25 billion as debt into Jaypee Infratech. Additionally, the group has secured a loan facility of Rs 30 billion as it prepares to complete around 20,000 unfinished flats in the Delhi-NCR region. Furthermore, approximately Rs 10 billion in cash is currently held in JIL's balance sheet, accumulated from its real estate business and toll income from the Yamuna Expressway, which connects Greater Noida and Agra. This brings the total available cash in JIL to Rs 12.50 billion. Suraksha Group will need an investment of Rs 65-70 billion to finish nearly 160 residential towers across various projects. Before Suraksha Group's takeover, construction was ongoing in only 62 towers, while work on the remaining 97 towers had come to a complete halt.

Next Story
Infrastructure Energy

L&T to Build India’s Largest Green Hydrogen Plant for IOCL

The plant will be developed on a build-own-operate (BOO) model and will supply 10,000 tonnes of green hydrogen annually to IOCL for a period of 25 years. It will operate entirely on renewable energy, aligning with IOCL’s decarbonisation goals and India’s broader net-zero ambitions.Green hydrogen at the plant will be produced using high-pressure alkaline electrolysers manufactured at L&T Electrolysers Ltd’s facility in Hazira, Gujarat. This initiative further showcases L&T’s commitment to localised, self-reliant clean-tech solutions under the Aatmanirbhar Bharat mission.LTEG’s..

Next Story
Infrastructure Urban

Bansal Wire Q1 Profit Rises 24.6% to Rs 393 Mn

Bansal Wire Industries, India’s largest stainless steel wire manufacturer and second-largest steel wire maker by volume, reported a 24.6 per cent year-on-year rise in net profit to Rs 393 million for the quarter ended June 30, 2025 (Q1 FY26).During the quarter, revenue rose 14.9 per cent YoY to Rs 9,390 million, while EBITDA increased by 19.6 per cent YoY to Rs 745 million, reflecting the company's strong operational performance and focus on value-added segments.According to Pranav Bansal, MD & CEO of Bansal Wire Industries, the company has started FY26 on a strong note, building on the ..

Next Story
Infrastructure Urban

Lemon Tree Opens Keys Lite Hotel in Banswara, Rajasthan

Lemon Tree Hotels has launched its latest property, Keys Lite by Lemon Tree Hotels, Banswara, further expanding its footprint in Rajasthan. This marks the group’s 11th operational hotel in the state and continues its focus on providing quality stays in emerging travel destinations.The newly launched managed hotel features 54 well-appointed rooms, a multi-cuisine restaurant – Keys Café, a fitness centre, and spacious banquet and conference facilities, catering to both leisure and business travellers.Located in southern Rajasthan, Banswara is known as the “City of Hundred Islands” for t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?