Suraksha-led Jaypee Infra Gets RERA Revalidation for 7 Stalled Projects

11 Feb 2025 CW Team

Suraksha-led Jaypee Infratech has successfully obtained the re-validation of RERA registration for seven stalled housing projects in Delhi-NCR, which together account for over 10,000 housing units. The projects include Jaypee Greens Klassic—D, Jaypee Greens Kosmos—A (Phase II), Jaypee Greens Kosmos—C, Jaypee Greens Kensington Boulevard Apartments, Jaypee Greens Kasa Isles, Jaypee Greens Krescent Homes, and Pebble Court. These units, spread across various configurations and sizes, are slated to be delivered in a phased manner starting December 2025 as per the resolution plan.

The re-validation of RERA registration is expected to ease homebuyers' access to home loans from banks and financial institutions, which had previously been difficult due to the lack of valid registration. Additionally, the company is in the process of re-validating the RERA registrations for other projects under Jaypee Infratech.

While the re-validation is viewed as a positive development, concerns remain among homebuyers regarding the pace of construction and the adequacy of the investment being made. Some homebuyers expressed doubts about Suraksha Group's commitment to meeting the promised timelines, citing delays in mobilizing funds and workers for construction. There are also concerns over the limited extension of RERA registration for certain projects, with some registrations extended only until December 2025.

Suraksha Group, which took control of Jaypee Infratech in June 2024, has started injecting funds and plans to resume construction on the stalled projects. The company is expected to need between Rs 65 and Rs 70 billion to complete around 160 residential towers across multiple projects, which are currently holding up around 20,000 homebuyers.

News source: Hindustan Times

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..