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

02 Sep 2024 CW Team

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.

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

ICCPL Eyes 7,000 Real Estate Campaigns

ICCPL Group has announced plans to cross 7,000 real estate marketing campaigns by FY 2026–27, strengthening its position as a specialised PR and communications partner for the sector.Over the past 15 years, the Noida-headquartered firm has worked with more than 500 real estate companies across India. It has also been associated with over 2,500 project launches across residential, commercial, retail, mixed-use and allied segments.The company has offices in Delhi, Gurugram, Bengaluru, Mumbai, Chandigarh and Goa, along with backend operations across more than 42 cities in India and a presence i..