Suraksha Group announced plans to invest ₹3,000 crore over the next two years to complete all stalled housing projects under Jaypee Infratech. According to reports from TradingView News, Rediff Moneynews, PTI, and HT Premium, the company has already completed 84 towers comprising 7,913 units over the past two years and aims to wrap up possession by September 2028. Speaking at a press conference in Noida, Suraksha Group promoter Sudhir Valia said the company is investing ₹80-100 crore every month towards construction and expressed confidence in the delivery timeline. The company has invested around ₹1,500-2,000 crore so far and will invest around ₹3,000 crore to complete all stalled projects, with the investment primarily focused on finishing work of apartments. As reported by PTI, when Suraksha Group took control of Jaypee Infratech on June 4, 2024, following the NCLAT's decision upholding its bid, 159 towers were stalled. The company has invested around ₹1,500-2,000 crore so far and will invest around ₹3,000 crore to complete all stalled projects, with the investment primarily focused on finishing work of apartments.
As reported by TradingView News, Rediff Moneynews, PTI, and HT Premium, when Suraksha Group took control of Jaypee Infratech, 159 towers were stalled. The company has now given offers of possession to about 8,000 buyers, of which more than 5,000 have taken possession and started living in the projects. Valia confirmed that already 5,000 units have been handed over to customers, while the possession of remaining around 3,000 units is pending. Valia expressed confidence in the completion timeline, stating the company would finish all construction and hand over possession to customers by September 2028. The company is in its final resolution plan and has assured it will complete roughly 20,000 homes across various stalled residential projects. Notably, about 1,100-1,200 buyers have purchased more than one flat, indicating strong repeat customer confidence. As reported by PTI, the company's final resolution plan promises to complete around 20,000 homes across various stuck residential projects and offer possession to distressed homebuyers. According to HT Premium, getting existing homebuyers to take possession of completed apartments is emerging as a fresh challenge, highlighting the complex nature of the project handover process.
According to TradingView News, Rediff Moneynews, PTI, and HT Premium reports, Suraksha Group plans to fund the project costs through multiple sources. The company expects to receive around ₹1,800-2,000 crore from existing customers, generates approximately ₹500 crore annually through toll collections on the Yamuna Expressway, and has around 2,000 unsold units with an estimated sales value of ₹2,500 crore. In July 2026, the company received ₹50 crore from homebuyers. Additionally, the company plans to develop three integrated townships spanning about 465 acres - Suraksha-City of the Ganges (256 acres), Suraksha Enterprise City (85 acres), and Suraksha Yamuna Smart City (124 acres). In its final resolution plan, Suraksha Group offered bankers more than 2,500 acres of land and nearly ₹1,300 crore by issuing non-convertible debentures. It also proposed to complete all stalled projects over the next four years. Jaypee Infratech CEO Abhijit Gohil confirmed that two of the planned townships will be residential, while one will be industrial. The largest township will span 256 acres, while the other two will cover 124 acres and 85 acres, respectively. The three townships are expected to be launched during the current and next financial year.
As reported by TradingView News, Rediff Moneynews, PTI, and HT Premium, as part of its next phase, Suraksha has announced a comprehensive development pipeline across Noida and the Yamuna region. The company plans to launch premium, luxury and ultra-luxury residential developments, along with plotted residential and industrial developments across Wishtown, sector 151 and the Yamuna region. Suraksha is also setting up a precast facility in Yamuna to improve construction efficiency, quality and execution speed across upcoming developments. The company's upcoming pipeline will comprise unsold inventory, relaunches and fresh projects, catering to evolving consumer demand across Noida and the Yamuna Expressway. Fresh launches will include premium, luxury, and ultra-luxury residential developments, as well as plotted residential and industrial projects. The company is also undertaking initiatives to strengthen essential infrastructure in Wishtown to meet both current and future requirements. Jash Panchamia, executive director of Jaypee Infratech, said these townships will be launched during the current and next financial year. The Corporate Insolvency Resolution Process (CIRP) against JIL started in August 2017 over an application filed by an IDBI Bank-led consortium. On March 7, 2023, the National Company Law Tribunal (NCLT) approved the bid of Suraksha Group to buy JIL. In its final resolution plan, Suraksha Group offered bankers more than 2,500 acres of land and nearly ₹1,300 crore by issuing non-convertible debentures.
