Suraksha to Complete 20,000 Unfinished Jaypee Infratech Homes

07 May 2025 CW Team

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..