Jaypee Infratech to invests Rs 3,000 crore in next 2 years to complete stalled projects
India, Sept. 15 -- Realty firm Jaypee Infratech, acquired by Suraksha Group through insolvency, on Monday said it will invest about Rs 3,000 crore over the next two years to complete all stalled housing projects and asserted that all stuck homebuyers would get their apartments by September 2028.
The company also announced plans to develop three new townships on Yamuna Expressway totalling more than 450 acres.
On June 4, 2024, Suraksha Group took control of Jaypee Infratech Ltd (JIL) following insolvency appellate tribunal NCLAT's decision upholding its bid to acquire the bankrupt real estate company.
In a press conference in Noida, Suraksha Group Promoter Sudhir Valia highlighted that in the last two years, it has completed 84 towers c...
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