Suraksha Group Tackles Jaypee's Homebuyer Woes

Suraksha Group is committed to completing 20,000 homes from Jaypee Infratech by March 2028. This ambitious goal involves an investment of Rs 5,500 crore, with a significant portion to be funded through toll collection and the sale of unsold inventory. As of today, 84 towers with 7,913 units are constructed, but approximately 3,000 homebuyers have yet to take possession.

These homebuyers have endured a decade of delays, incurring substantial additional costs in interest and rent. Since Suraksha Group took control in 2024, the focus has been on delivering existing commitments. Suraksha intends to launch three new townships and additional residential projects across Noida and the Yamuna Expressway region, addressing various market segments.

The company is also addressing past financial obligations, including a Rs 1,335 crore compensation to YEIDA for farmers, to be paid over four years. Jaypee Infratech, initially referred to the NCLT in August 2017, faced significant project delays, with little construction occurring on many towers since 2014. Delivered units have also reportedly fallen short of promised quality.