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

Infrastructure Transport

17 Oct 2025

IRFC Posts Record Profit as Diversification Boosts Growth

Indian Railway Finance Corporation (IRFC), a Navratna CPSE under the Ministry of Railways, has reported its highest-ever profit after tax (PAT) driven by strategic diversification and improved margins. For the quarter ended 30 September 2025, IRFC posted a PAT of Rs 17,769.8 million, a 10.19 per cent increase from Rs 16,126.5 million in the same quarter last year. For the half-year, PAT rose 10.45 per cent year-on-year to Rs 35,226.7 million. Total income stood at Rs 63,719.1 million for Q2 and Rs 132,901.5 million for the half-year, supported by effective liability management and steady asse..

KMEW to launch River Pearl Cruise linking Statue of Unity & Omkareshwar

Knowledge Marine & Engineering Works Limited (KMEW) has received a Letter of Acceptance (LoA) from the Madhya Pradesh Tourism Board (MPTB) to build and operate a luxury cruise between Kukshi in Madhya Pradesh and the Statue of Unity in Gujarat along the Narmada River. The 20-year project covers a 135-km stretch and marks KMEW’s official entry into India’s maritime tourism sector. The LoA was formally presented at the Madhya Pradesh Travel Mart 2025 by Hon’ble Union Minister of Culture Gajendra Singh Shekhawat, Chief Minister Dr. Mohan Yadav, and Minister of State for Tourism Dharmen..

Hyundai to Invest Rs 45,000 Mn In India by FY2030

Hyundai Motor India Limited (HMIL) has unveiled an ambitious roadmap to invest Rs 45,000 million by FY2030, aiming to position India as its second-largest region globally and a key export hub. The plan, announced at the company’s first-ever Investor Day, focuses on India-centric product expansion, electrification, and localisation. The automaker plans to launch 26 models by FY2030, including seven all-new nameplates and entries into the MPV and off-road SUV segments. Hyundai will also introduce India’s first locally manufactured dedicated electric SUV by 2027 and bring its global luxury b..