+
Suraksha Group Pledges Rs 55 Bn to Deliver 20,000 Jaypee Homes
Real Estate

Suraksha Group Pledges Rs 55 Bn to Deliver 20,000 Jaypee Homes

Suraksha Group-led Jaypee Infratech (JIL) has committed close to Rs 55 billion over the next three years to complete 20,000 delayed housing units, assuring homebuyers that it will meet all deadlines outlined in its court-approved resolution plan.

CEO Abhijit Gohil said the company will invest Rs 25 billion in FY26 alone, backed by a Rs 30 billion credit line and stable toll revenues from the Yamuna Expressway. Cash recovery from buyers and unsold inventory sales will also support construction.

More than 3,200 workers are already active across sites, with JIL securing occupation certificates (OCs) for 22 towers and more applications underway. Around 1,100 unsold flats in Wishtown and 130 in Jaypee Aman will be launched soon to boost liquidity.

The company plans to deliver over 5,000 units this fiscal and expects to complete 159 towers in Noida by late 2027. Fresh RERA validations for key projects in Delhi-NCR are also expediting construction.

Suraksha Group officially took control of JIL last year after a lengthy insolvency process and has since infused Rs 1.25 billion, with additional financial commitments towards farmer compensation under judicial directions.

Suraksha Group-led Jaypee Infratech (JIL) has committed close to Rs 55 billion over the next three years to complete 20,000 delayed housing units, assuring homebuyers that it will meet all deadlines outlined in its court-approved resolution plan.CEO Abhijit Gohil said the company will invest Rs 25 billion in FY26 alone, backed by a Rs 30 billion credit line and stable toll revenues from the Yamuna Expressway. Cash recovery from buyers and unsold inventory sales will also support construction.More than 3,200 workers are already active across sites, with JIL securing occupation certificates (OCs) for 22 towers and more applications underway. Around 1,100 unsold flats in Wishtown and 130 in Jaypee Aman will be launched soon to boost liquidity.The company plans to deliver over 5,000 units this fiscal and expects to complete 159 towers in Noida by late 2027. Fresh RERA validations for key projects in Delhi-NCR are also expediting construction.Suraksha Group officially took control of JIL last year after a lengthy insolvency process and has since infused Rs 1.25 billion, with additional financial commitments towards farmer compensation under judicial directions.

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?