Suraksha Group Pledges Rs 55 Bn to Deliver 20,000 Jaypee 亚博体育官网首页s

29 Apr 2025 CW Team

Suraksha Group-led Jaypee Infratech (JIL) has committed close to Rs 55 billion over the next three years to complete 20,000 delayed housing units, assuring homebuyers that it will meet all deadlines outlined in its court-approved resolution plan.

CEO Abhijit Gohil said the company will invest Rs 25 billion in FY26 alone, backed by a Rs 30 billion credit line and stable toll revenues from the Yamuna Expressway. Cash recovery from buyers and unsold inventory sales will also support construction.

More than 3,200 workers are already active across sites, with JIL securing occupation certificates (OCs) for 22 towers and more applications underway. Around 1,100 unsold flats in Wishtown and 130 in Jaypee Aman will be launched soon to boost liquidity.

The company plans to deliver over 5,000 units this fiscal and expects to complete 159 towers in Noida by late 2027. Fresh RERA validations for key projects in Delhi-NCR are also expediting construction.

Suraksha Group officially took control of JIL last year after a lengthy insolvency process and has since infused Rs 1.25 billion, with additional financial commitments towards farmer compensation under judicial directions.

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