Jaypee Group's founder, Jaiprakash Gaur, transformed the construction industry but faced setbacks in real estate leading to over 20,000 dissatisfied home buyers struggling for their completed homes.
NBCC and Suraksha Group vie to acquire Jaypee Infratech, submitting revised bids with improved offers to financial lenders amidst insolvency proceedings.
Jaypee Wish Town plans to deliver 6,000 apartments by 2022, including new and renovated units, with construction ongoing despite previous delays.
More than 75,000 homebuyers of Amrapali, Jaypee Infratech, and Unitech in the National Capital Region are likely to be ineligible for the Rs. 25,000 crore stress fund due to government conditions. The finance ministry has clarified that the fund won’t be invested in projects facing litigation in high courts and the Supreme Court. Houses costing more than Rs. 1.5 crore in the NCR region are also not eligible.
Jaypee Group's financial woes deepen with ₹4,500 crore unpaid to banks, delayed real estate projects in Noida.
Jaypee Infratech launches Jaypee Greens Yamuna Vihar in Greater Noida, offering residential plots with discounts.