Suraksha Group to Invest Rs 55 Billion to Complete 20,000 Jaypee Homes
Real Estate

Suraksha Group to Invest Rs 55 Billion to Complete 20,000 Jaypee Homes

The Suraksha Group will invest Rs 55 billion to complete approximately 20,000 pending homes under Jaypee Infratech, aiming to deliver all units by 2027. According to Jaypee Infratech CEO Abhijit Gohil, construction has already commenced, and the company is committed to ensuring timely delivery. 
As reported by The Economic Times, the project covers 159 residential towers, with occupancy certificates obtained for 22 towers and applications filed for 12 more. By early June, applications for an additional 18 towers will be submitted. The company plans to deliver 62 towers by the end of this year, with the remaining 97 scheduled for completion over the next 40 months. 
Despite early setbacks, including GRAP orders, most construction contracts have been awarded to earlier JAL contractors. The company has secured Real Estate Regulatory Authority (RERA) approvals for most projects and plans to soon launch sales for 1,100 unsold units. 
Of the Rs 55 billion required, Suraksha has secured a Rs 30 billion credit line and invested Rs 1.25 billion in equity. The group plans to sell 2.4 million sq ft of property to raise additional funds, having already raised Rs 6 billion through hospital sales. It also receives Rs 5 billion annually from Yamuna Expressway toll collections and expects Rs 12 billion from existing homebuyers. 
The National Company Law Appellate Tribunal (NCLAT) approved Suraksha’s resolution plan on May 24, 2024, requiring the company to compensate the Yamuna Expressway Industrial Development Authority (YEIDA) with Rs 13.35 billion over four years. Homebuyers at Jaypee Wishtown, Noida, have faced over a decade-long delay, paying nearly double their initial costs due to rent and interest burdens. 
Jaypee Infratech, a pioneer in real estate and infrastructure, was among the first 12 companies referred to the National Company Law Tribunal (NCLT) in August 2017 under the Insolvency and Bankruptcy Code (IBC). 
                                         

The Suraksha Group will invest Rs 55 billion to complete approximately 20,000 pending homes under Jaypee Infratech, aiming to deliver all units by 2027. According to Jaypee Infratech CEO Abhijit Gohil, construction has already commenced, and the company is committed to ensuring timely delivery. As reported by The Economic Times, the project covers 159 residential towers, with occupancy certificates obtained for 22 towers and applications filed for 12 more. By early June, applications for an additional 18 towers will be submitted. The company plans to deliver 62 towers by the end of this year, with the remaining 97 scheduled for completion over the next 40 months. Despite early setbacks, including GRAP orders, most construction contracts have been awarded to earlier JAL contractors. The company has secured Real Estate Regulatory Authority (RERA) approvals for most projects and plans to soon launch sales for 1,100 unsold units. Of the Rs 55 billion required, Suraksha has secured a Rs 30 billion credit line and invested Rs 1.25 billion in equity. The group plans to sell 2.4 million sq ft of property to raise additional funds, having already raised Rs 6 billion through hospital sales. It also receives Rs 5 billion annually from Yamuna Expressway toll collections and expects Rs 12 billion from existing homebuyers. The National Company Law Appellate Tribunal (NCLAT) approved Suraksha’s resolution plan on May 24, 2024, requiring the company to compensate the Yamuna Expressway Industrial Development Authority (YEIDA) with Rs 13.35 billion over four years. Homebuyers at Jaypee Wishtown, Noida, have faced over a decade-long delay, paying nearly double their initial costs due to rent and interest burdens. Jaypee Infratech, a pioneer in real estate and infrastructure, was among the first 12 companies referred to the National Company Law Tribunal (NCLT) in August 2017 under the Insolvency and Bankruptcy Code (IBC).                                          

Next Story
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Next Story
Building Material

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App