%20(3).jpg)
Suraksha Group took over Jaypee Infratech, years old dream of 20,000 homebuyers will be fulfilled soon
Jaypee Homebuyers Today more than 20000 homebuyers got a big relief. Suraksha Group has acquired Jaypee Infratech. After this takeover, it is expected that soon the stalled housing projects in Delhi-NCR will start again. Housing projects have been stalled for the last several years, which has caused homebuyers to be very upset. Let us know in detail in this report.
B
Business
NEWS CARD
“Suraksha Group took over Jaypee Infratech, years old dream of 20,000 homebuyers will be fulfilled soon”
Read more on
en.sangritimes.com
5 Jun 2024
Today, more than 20,000 homebuyers received significant relief. Suraksha Group has acquired Jaypee Infratech. Jaypee Infratech was drowning in debt. Homebuyers will benefit from the Suraksha Group acquisition.
It is expected that after this takeover, the stalled housing projects in Delhi-NCR will resume. Suraksha Group will now infuse Rs 125 crore to kickstart the project.
The acquisition follows the Insolvency Appellate Tribunal's (NCLT) decision on May 24. The NCLT decision upheld Suraksha Realty's bid to acquire Jaypee Infratech while ordering the company to pay an additional Rs 1,334 crore in compensation to farmers.
%20(5).jpg)
