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.

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