Suraksha to Complete 20,000 Unfinished Jaypee Infratech Homes
Real Estate

Suraksha to Complete 20,000 Unfinished Jaypee Infratech Homes

Suraksha Group has committed Rs 55 Bn to complete around 20,000 stalled homes under Jaypee Infratech, with full delivery targeted by 2027. The group has secured a Rs 30 Bn credit line and infused Rs 1.25 Bn in equity to resolve the long-standing homebuyer crisis.

Construction is underway across 159 residential towers. Occupancy certificates have been issued for 22 towers, applications filed for 12 more, and an additional 18 expected by early June. Jaypee Infratech aims to deliver 62 towers by the end of 2025, while the remaining 97 will be handed over within the next 40 months.

Despite prior delays caused by GRAP orders, most construction work has been awarded to former contractors of Jaypee Associates Limited. Real Estate Regulatory Authority (RERA) approvals are in place for most sites, and the sale of 1,100 unsold units is expected to begin shortly.

The National Company Law Appellate Tribunal approved Suraksha’s resolution plan in 2024. Under the agreement, Suraksha is required to pay Rs 13.35 Bn to the Yamuna Expressway Industrial Development Authority over four years.

Suraksha Group has committed Rs 55 Bn to complete around 20,000 stalled homes under Jaypee Infratech, with full delivery targeted by 2027. The group has secured a Rs 30 Bn credit line and infused Rs 1.25 Bn in equity to resolve the long-standing homebuyer crisis.Construction is underway across 159 residential towers. Occupancy certificates have been issued for 22 towers, applications filed for 12 more, and an additional 18 expected by early June. Jaypee Infratech aims to deliver 62 towers by the end of 2025, while the remaining 97 will be handed over within the next 40 months.Despite prior delays caused by GRAP orders, most construction work has been awarded to former contractors of Jaypee Associates Limited. Real Estate Regulatory Authority (RERA) approvals are in place for most sites, and the sale of 1,100 unsold units is expected to begin shortly.The National Company Law Appellate Tribunal approved Suraksha’s resolution plan in 2024. Under the agreement, Suraksha is required to pay Rs 13.35 Bn to the Yamuna Expressway Industrial Development Authority over four years.

Next Story
Infrastructure Transport

NF Railway Launches Girder on World’s Tallest Pier Bridge in Manipur

The Northeast Frontier Railway (NFR) has reached a significant engineering milestone by successfully completing the girder launch on the iconic Noney Bridge in Manipur.Regarded as an engineering marvel, the Noney Bridge is recognized as the world’s tallest railway pier bridge. It forms a crucial part of the 111 km long Jiribam-Imphal railway line project.Recently, the final span of the bridge was successfully erected, marking the completion of all eight spans of this monumental infrastructure venture.Kapinjal Kishore Sharma, Chief Public Relations Officer of NFR, stated that this accomplishm..

Next Story
Infrastructure Urban

Cube Highways Trust Reports Rs 34.53 Bn Total Income in FY25

Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, concluded its second financial year post-listing on a strong note by reporting a total consolidated income of Rs 34.53 billion for the financial year 2025, marking a 12.3 percent year-on-year (YoY) increase.According to the official media release, Cube InvIT posted a consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) of Rs 2,380 crore, reflecting a 21.7 percent YoY growth. During the year, traffic volumes increased by 6.2 percent, while the Asset Under Management (AUM) grew 25 percent to ..

Next Story
Infrastructure Transport

New Flyover to Ease Traffic on Hyderabad’s Busiest Road

To improve urban connectivity and reduce traffic congestion in the city, the Greater Hyderabad Municipal Corporation (GHMC) will undertake the construction of a two-lane unidirectional flyover at NFCL Junction in Banjara Hills, along with a two-lane unidirectional underpass and a three-lane unidirectional flyover at TV9 Junction, as part of the state government’s prestigious Hyderabad City Innovative and Transformative Infrastructure (H-CITI) programme.The NFCL Junction flyover will be a two-lane unidirectional structure extending from Banjara Hills Road No. 3 towards GVK Mall. It is planned..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?