Flats not delivered on time, years of litigation, mounting expenses for buyers who purchased flats in Jaypee’s housing projects, their dreams of a home have turned into a nightmare. While another firm was brought on board to take over construction, the finish line is far from close. What went wrong? Dheeraj Mishra finds out
Noida: An implementation and monitoring committee headed by the CEO of Suraksha Group is planning to soon file an application at the National Company .
Suraksha Group: The six projects in Sector 128 – Garden Isle, Kube, Orchards, Krescent Homes, Kasa Isle and Pebble Court – have 9,320 flats across 82 towers. A little more than 50% of the construction work was done before it came to a complete stop nine years ago.
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Get latest articles and stories on Latest News at LatestLY. The insolvency tribunal NCLT has reserved its order on Mumbai-based Suraksha group s bid to acquire Jaypee Infratech Ltd and complete around 20,000 flats for aggrieved homebuyers. Latest News | NCLT Reserves Order on Suraksha s Bid to Acquire Jaypee Infratech, Complete 20k Flats.