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Resale, rent and investment homes across Jaypee Greens

Jaypee Greens Properties

Explore verified resale, rental and investment opportunities across Jaypee Greens townships with project prices, locations, amenities and expert guidance.

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Jaypee Kensington Park Plots Phase 2 (KP2)
Residential land / Plot

Jaypee Kensington Park Plots Phase 2 (KP2)

Sector 131, Noida Greater Noida Expressway, Noida

Jaypee Kensington Park Plots Phase 2- Plots for Sale in Noida Sector 131 Located within one of the most renowned and extensive societies of Noida, Jaypee Kensington Park Plots Phase 1 (KP 2), offers you residential open plots to build your dream home that reflects your individuality and aspirations. These residential plots give you the opportunity to live in a secure gated society, where you enjoy the comfort of community living along with access to a wide range of modern amenities designed for your lifestyle. Nestled in Sector 131, Noida, this project offers premium residential plots spread across 6 exclusive blocks, surrounded by lush gardens and landscaped parks-creating a serene environment that makes everyday living truly fulfilling. With modern infrastructure, lush green surroundings, and world-class township amenities, KP2 combines the best of independent living and community lifestyle. Kensington Park Plots Phase 2 (KP-2) Area and Price Kensington Park Phase 2 (KP2) offers premium residential plots in 6 well-planned blocks - P, Q, R, S, T & N. Prices here start from ₹2.00 lakh per sq. yd. and go up to ₹2.25 lakh per sq. yd., depending on the block and location. Block Area (in Sq. Yd.) Block P & Q 153 Sq. Yd. Block R & N 209 Sq. Yd. Block S 239 Sq. Yd. Block T 239 Sq. Yd. & 299 Sq. Yd. Highlights of K P2 • Strategic Location - Situated in Sector 131, Noida, with excellent connectivity to Delhi, Noida Expressway, and upcoming Jewar Airport. • Premium Residential Plots - In a well-maintained and secure society designed for modern living. • Green Surroundings - Nestled amidst landscaped gardens, parks, and wide open spaces for a healthy lifestyle. • Design Flexibility - Build up to Ground + 3 floors, with the option of a basement (with authority approval). • Gated Community - 24x7 security, CCTV surveillance, and controlled access for complete peace of mind. • Lifestyle Convenience - Access to schools, hospitals, malls, clubs, and corporate hubs within minutes. • Township Amenities - Enjoy jogging tracks, children’s play areas, sports facilities, and community spaces. • Commercial Spaces - Dedicated shops and retail areas within and around the township for daily convenience and strong investment opportunities. • High Rental & Investment Potential - Strong demand from working professionals and families due to nearby corporate and institutional hubs. • Part of Jaypee Greens Township - Benefit from an established ecosystem with a blend of luxury, convenience, and community living. Curious to know more about the project? Then call us at 7053707070.

Price

3 Cr - 6 Cr

Jaypee Boomerang Clubhouse
Clubhouse

Jaypee Boomerang Clubhouse

Sector 128, Noida Greater Noida Expressway, Noida

Boomerang Clubhouse- Exclusive Clubhouse in Jaypee Greens, Noida Sector 128 Luxury is not for everyone-it’s reserved for those who belong. Welcome to The Boomerang Club. Boomerang Clubhouse is an ultra-luxurious, members-only clubhouse situated in Sector 128, within the Jaypee Wishtown Golf Course property. Boomerang Clubhouse isn’t your ordinary clubhouse - it’s your gateway to a sophisticated community where luxury, leisure, and lifestyle converge seamlessly. It’s a space designed not just for recreation, but for creating experiences that stay with you. As a member at Boomerang Club, you get exclusive access to the Graham Cooke Signature Golf Course along with a plethora of ultra-luxurious facilities. From wellness zones and sports arenas to fine dining lounges, every detail reflects elegance. For a true golf enthusiast, this place is nothing less than paradise. Situated amidst landscaped greens and serene lakes, the magnificent 18+9 hole Graham Cooke Signature Golf Course offers an experience that transports you to another world. Every swing here is not just a game-but a moment of sheer bliss. Beyond golf, the clubhouse offers refined spaces for fitness, relaxation, and socializing, ensuring members find the perfect balance between leisure and lifestyle. Actual Image of Golf Course 3D Render of Boomerang Golf Club Amenities at Boomerang Clubhouse • Exclusive Golf Access: Play on the world-class 18+9 Graham Cooke Championship Golf Course. • Indoor Golf Simulator: Perfect for year-round practice and entertainment. • Aquene Swimming Pool: Relax, refresh, and rejuvenate. • Pro Shop: Fully equipped with all your golfing essentials. • Modern Gymnasium: Designed for fitness enthusiasts. • Kids’ Zone: A vibrant, colorful space for endless fun. • Library: A cozy, updated collection for avid readers. • Recreation Spaces: Yoga, table tennis, billiards, and more. • Boomerang Café & Lounges: Enjoy gourmet delights at the Café, Tea Lounge, and Tapas Bar with friends and family. Membership Fee at Boomerang Clubhouse Become a part of this magnificent and ultra-lavish clubhouse by paying a one-time lifetime membership fee of ₹28.60 Lakhs , inclusive of GST and security deposit. Membership Conditions The Boomerang Clubhouse is reserved for a select community that truly values luxury and exclusivity. To qualify for membership, it is mandatory to own a flat/apartment at Jaypee Wishtown . Reach out to us Where ultra-luxury meets exclusivity-The Boomerang Club is crafted for those who settle for nothing less than the finest. Call now to secure your place in this distinguished circle of privilege- 7053707070.

Price

28.6 Lac

Jaypee Kallisto Town Homes
Independent House / Villa

Jaypee Kallisto Town Homes

Sector 128, Noida Greater Noida Expressway, Noida

Jaypee Kallisto Town Homes - Luxurious Villas for Resale and Rent in Sector 128, Noida Ever wondered what it feels like to live in a rare collection of ultra-luxury villas designed for privacy, exclusivity, and serenity? At Kallisto Town Homes, you enjoy the privilege of living in independent villas surrounded by golfside grandeur. Kallisto Town Homes - Part of Jaypee Town Homes Cluster Kallisto Town Homes are part of the prestigious Jaypee Town Homes Villas. Jaypee Town Homes form a cluster of 127 thoughtfully designed, opulent villas, offering 4 & 5 BHK duplex options in Sector 128, Noida . Crafted to perfection, Jaypee Town Homes redefine the essence of urban luxury living. With their contemporary architecture, expansive layouts, and breathtaking views of the golf course, these villas stand as the epitome of sophistication. Town Homes Villa Clusters & Distinct Features • Town Homes 1-30 - Nestled in the heart of the golf vicinity. • Town Homes 48-57 - Overlooking the 18-Hole Championship Golf Course . • Kallisto Town Homes 58-105 - Situated inside the golf course itself, offering direct frontage to the 18-hole course and close proximity to the exclusive Boomerang Club . • Town Homes 106-127 - Overlooking the 18-hole golf course, these villas are 100% Vastu-compliant . Kallisto Town Homes Price and Size configuration BHK Size (sqft) Price 4 BHK 4200 9 Cr* 5 BHK 5000 14 Cr* Kallisto Town Homes Features • 4 & 5 BHK Duplex Villas • Located inside the golf course for unobstructed views • Independent villas with G+2 height • Constructed by Jaiprakash Associates Limited • Possession completed in 2016 • Semi-furnished villas for convenience Location Details • Located in Sector 128, Noida • Very close to Noida-Greater Noida Expressway • 5 minutes from Sector 137 Metro Station • Close to Sify Data Centre, Paras One29, Gulshan One33 • Easy access to Jewar Airport • Near Adobe, ATS Bouquet, Logix Technova, Advant Business Park , and other corporate hubs • Well-connected to Delhi via the DND Flyway Great Investment Over the years, the area around this project has seen massive development, resulting in the exponential appreciation of property values. Resources indicate that further growth and infrastructure developments are planned in and around this region, which means the value of properties here will continue to rise in the near future. In addition to capital appreciation, there is also a huge scope for earning rental income. Thanks to its prime location and excellent connectivity, Jaypee Kallisto Town Homes attract families, working professionals, and students, creating a constant demand for rental homes and accommodation. Currently, rentals here start at ₹1.5 Lakhs per month for 4 BHK villas* and ₹1.75 Lakhs per month for 5 BHK villas* . Commercial and Retail Space Along with premium living, Kallisto Town Homes also provide dedicated commercial shops within the community to cater to all your everyday essentials. From groceries and household supplies to basic services, these shops ensure that residents have everything they need just a short walk away. Boomerang Clubhouse Jaypee Kallisto Town Homes are located in close proximity to the exclusive, members-only Boomerang Club . This prestigious clubhouse is a true symbol of luxury and status, giving you the privilege of living near one of the city’s finest lifestyle destinations. The Boomerang Club is a one-of-its-kind premium space, offering an array of world-class amenities including a luxury multi-cuisine restaurant, café, gymnasium, banquet facilities, and more. The one-time membership fee is ₹28.60 Lakhs (inclusive of GST and refundable security). If you wish to be a part of these amazing and luxurious villas, call us at 7053707070.

Price

9 Cr - 13 Cr

Jaypee Augusta Town Homes
Apartments

Jaypee Augusta Town Homes

Sector 128, Noida Greater Noida Expressway, Noida

Augusta Town Homes - 4 BHK Golf Course Apartments for Resale in Sector 128, Noida Step into a world where mornings begin with beautiful golf course views and evenings end in unmatched tranquility - WELCOME TO AUGUSTA TOWN HOMES . Augusta Town Homes aren’t just residences - they are a sanctuary where every day feels safe and peaceful. They offer a perfect blend of exclusivity, elegance, and golf-side luxury . Nestled within the expansive Jaypee Wish Town in Sector 128, Noida , these low-rise apartments redefine exclusivity and serenity with only two apartments per floor and a G+5 structure . USPs • Picturesque views of 18-hole and 9-hole golf courses • 2 apartments per floor , ensuring space, privacy, and comfort • Low-rise residences with clear & open views • Located in one of Noida’s most posh sectors • Access to a luxurious clubhouse, town centre, and recreational clubs • Centralised AC in select towers for added premiumness Augusta Town Homes - Offerings & Price There are a total of 5 towers at Augusta Town Homes. • Tower 1 & 2 : Spacious 4 BHK flats overlooking the 9-hole golf course , with sizes ranging between 4700 - 4800 sq. ft. . Prices start from ₹9-10 Cr* . • Tower 3, 4 & 5 : Luxurious 4 BHK flats with panoramic views of the 18-hole golf course , offering more expansive and premium views. The size offered is 4800 sq. ft. , with prices starting at ₹12 Cr* . Note- All units are available for resale only. Rent at Augusta Town Homes Rentals at Augusta Town Homes start from ₹1.75 - 2 lakh per month , making it an excellent opportunity for generating steady passive income . Thanks to its prime location and seamless connectivity, the property enjoys high rental demand from working professionals, students, and families, ensuring consistent occupancy throughout the year. Location Details The project enjoys excellent connectivity: • Very close to Noida-Greater Noida Expressway • 5 mins from Sector 137 Metro Station • 10 mins from DND Flyway • 20 mins from South Delhi • 40 mins from Jewar International Airport • 45 mins from Delhi Railway Station Neighbourhood Highlights Living at Augusta Town Homes means you’re never far from anything you need. From reputed schools and hospitals to corporate hubs, shopping, and leisure destinations - everything is just around the corner. • Top Schools : Step by Step School, Genesis Global School • Workplaces Nearby : Adobe, ATS Bouquet, Logix Technova, Candor Business Park • Shopping & Leisure : Gulshan Mall, Paras One29, and other lifestyle destinations With such excellent connectivity and conveniences close by, life here is not just comfortable but also effortlessly well-connected. Amenities Augusta Town Homes offers a host of world-class amenities designed for a holistic and luxurious lifestyle, including: • Premium clubhouse • Lush green gardens and landscaped open spaces • Spiritual centres for peace and wellness • Recreational clubs and a vibrant town centre • Ample open areas for evening strolls Adding to this exclusivity is the Boomerang Club - an ultra-luxurious, members-only golf course club , offering: • Multi-cuisine restaurant and café • State-of-the-art gym • Banquet spaces for celebrations and events • Several other premium lifestyle services Membership to the Boomerang Club is priced at ₹28.60 lakh (inclusive of GST and a refundable deposit). Call now to be a part of one of Noida’s most renowned and luxurious communities - 7053707070

Price

10 Cr - 12 Cr

Jaypee Greens Klassic Duplex
Apartments

Jaypee Greens Klassic Duplex

Sector 134, Noida Greater Noida Expressway, Noida

Jaypee Greens Klassic Duplex Apartments for resale - 2, 3, 4 BHK Ever wondered what HEIGHTENED life feels like? Step into Jaypee Greens Klassic Duplex Apartments to feel heightened luxury and comfort everyday. At Jaypee Greens Klassic Duplex flats, you can experience spacious and luxurious living because life here is not ordinary; it’s elevated. What are Duplex Apartments? In layman's terms, Duplex Apartments are residential apartments spread over two floors connected internally via a staircase. It has high, soaring ceilings, which give it a lavish, grand look. Duplexes are a perfect choice for you if you wish to experience a grand life. Image for reference only* All flats are available for resale only. Features of Duplex Apartments: →Two floors within the same unit → Spacious living →High Ceilings that give a lavish look →Private internal staircase connecting both the floors → Usually offers more light and ventilation Jaypee Greens Klassic Duplex - Tower A (A1-A6) At Jaypee Greens Klassic, you get splendid and affordable duplexes in Tower A1-A6. These 6 massive towers offer 2, 3, and 4 BHK options to cater to everyone’s need and taste, with prices starting only at 95 Lakhs*, which is extremely affordable and competitive for a duplex. While duplexes are typically found in penthouses, Jaypee Infratech (now taken over by Suraksha Group) stands out as one of the few developers in the NCR offering duplex apartments within standard residential towers-bringing the elevated experience of high-rise living even at lower floors. All apartments here offer pleasing views of gardens and landscaped greens. The natural greenery here not only improves pollution levels but also helps alleviate your stress levels. N ote- Out of all 6 towers, Possession is pending for A2 & A3. Jaypee Klassic Duplex Flat Price BHK SIZE(in sq. ft.) Price 2 BHK 1154 95-96 Lacs* 3 BHK 1570 1.20-1.25 Cr* 4 BHK 2450 2.10-2.40 Cr* Note - Prices are subject to change For more details about Jaypee Klassic Duplex floor plans, amenities and nearby locations scroll down or call us at 7053707070.

Price

95 Lac - 2.1 Cr

JAYPEE GREENS KLASSIC IB
Apartments

JAYPEE GREENS KLASSIC IB

Sector 134, Noida Greater Noida Expressway, Noida

Jaypee Klassic IB- 2, 3, and 4 BHK flats for Resale in Noida Sector 134 Imagine starting your day with beautiful morning walks along the tree-lined avenues or returning home to well-lit spaces designed to calm your mind and soul. That's what Jaypee Greens Klassic-IB has to offer you every day. Jaypee Greens Klassic IB is a residential project by Jaypee Infratech (now managed by Suraksha) that has 2 meticulously designed towers with 2, 3, and 4 BHK with servant flats for resale in one of Noida's most prime and growing locations. This project was originally designed for the Intelligence Bureau officers. The project was designed with a focus on modern living and optimal space utilisation. All rooms offer lush green views of landscaped gardens and parks that give you a sense of being close to nature. Another reason to invest here is the appreciation rate of this area, which has increased to 126% over the last 5 years. With major offices and other landmarks in close proximity, rental demand here is constant throughout the year, with rent prices ranging from Resale Prices here start from 1.10 Cr.* →Height of tower- G+20 →No. of units on each floor - 6 units in Tower 1 & 7 units in Tower 2 →Units available - 2, 3, and 4 BHK with servant for resale →Possession date - 2020 Resale prices of Jaypee Klassic IB BHK Size(in sq. ft.) Price 2 BHK+Servant 1378 1.25-1.30 Cr* 3 BHK+Servant 1758 1.75 Cr* 4 BHK+Servant 2450 2.50-2.60 Cr*

Price

1.25 Cr - 2.6 Cr

Testimonials

Client stories

I was looking for a 3bhk house on Noida Expressway. When I searched on google I found Jaypee Wishtown Noida. I booked a property with their channel partner Realty Dart who provided best payment plans and honest legal advice, unlike other real estate agents. My family is happy with the kind of home we have got in this budget.

Mr. Rajeev Kumar

Relience Communication

Realty Dart helped me book my dream house in Jaypee Greens Properties in Noida. I was totally unaware of property dealings and much afraid of frauds. But they gave all kinds of support and suggestions to find my house. My family feels safe in the neighborhood of Golf Apartments in Kalpataru Vista, Jaypee Wishtown.

Mr. Aman Verma

HCL Technologies

I am very pleased with the residential options of Jaypeegreensproperties.com and Finalised a property with their channel partner REALTY DART. Consultant was very helpful in finalising the property in Resale & promptly helping me with the process of documentation and completing all formalities for booking.

Sunil Kumar Ji

LIC Housing

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Jaypee Kosmos for Luxurious and Comfortable Living

2018-08-01

Jaypee Kosmos for Luxurious and Comfortable Living

Living luxurious life that too at affordable cost is something which many people can’t think but now with competitive real estate market, real estate companies are building housing apartments which are not only luxurious but also cost effective which easily fits in customer budget. Modern people with good income does not want to live in places which only provides basic amenities and comfortable living but they also look for luxurious living wherein they have good recreational scope. Many eminent companies like Jaypee Green properties and others are bringing living concepts which totally gives new meaning to the living standard. They are building apartments which are equipped with such facilities that give luxurious living which new age people aspire for. Jaypee Green properties have successfully delivered many projects that met international standard. If you are looking for ultra luxurious living which gives you whole new experience of lifestyle then go with Jaypee Kosmos. This project is equipped with all sorts of entities which give one modern living which are up to the international standard. Jaypee kosmos is spread over an area of 35 acres land which is absolutely green thus providing environmental friendly living along with excellent connectivity with Delhi NCR. Flats with Jaypee kosmos are available in 1BHK, 2HBk and 3 BHK at a very reasonable price. The prices of the flats are much cheaper than the normal market standard. The company’s hi-tech apartments are built with cutting edge technology and features which gives its buyers nothing but only luxurious and comfortable living. This housing apartment is equipped with modern age club and social centers, gymnasium, swimming pools, primary and secondary schools, crèches for little ones, sports centers with high end fitness equipments, yoga centers, ATMs of all major banks, spa centers, cafeteria, bars, playing grounds, community halls, ample parking spaces and continues power supply as they have robust power backups systems. Their spacious designed apartments will surely enrich you with comfortable and luxurious living. A kind of living which one have never aspired before. Also buying a property with Jaypee Green Properties is risk free as they are RERA registered so buyers can have hassle free living.

Book Flats in Kalpataru vista new Project in Noida for Natural and Modern Living

2018-07-28

Book Flats in Kalpataru vista new Project in Noida for Natural and Modern Living

Everyone wants to live a comfortable and luxurious life, but only a handful of people can afford so a luxurious living in luxurious apartments is very costly. But now you can have so with affordable flats in real estate market. With rising demands, competition among real estate companies also marked up. Real estate companies are now building ultra modern flats within affordable cost. If you are someone who wants to live in the new fashioned flats that come with state of the art facilities then you can settle upon in Noida expressway as this place is a hotspot for an ultra modern living. Noida expressway has many upcoming and ready to flats that are built with international standards. They come with amenities which are unique and outperform customer expectations. A plethora of real estate companies are building their lavish flats in Noida expressway and greater Noida. Some of the basic amenities of such housing complexes are open green areas, children playgrounds, social clubs, shopping malls, cafeteria, sporting grounds, gymnasium, yoga centers, swimming pool, multipurpose community hall, international health centers, car parking, continuous power and water supply, tennis court, meditation centre, theatres, ATMs and many more. If you are looking to buy flats in Noida expressway, then you can confide on Jaypee Greens with their Ready to move in Flats in Jaypee Wish town which is integrated township with state of the art facilities. The Jaypee wishtown has many prospective and incredible housing projects, some of which are ready to move in while some others are under speedy construction. Kalpataru vista project which is developed by kalpataru group an eminent real estate company in Maharastra is now building their housing project in Jaypee wishtown. Customers can book their flats which get will get possession on March 2023. This project is situated in sector 128 with wonderful golf facing view. This premium housing project is surrounded by pavilion court, Kalypso court, golf plots, Augusta and other exceptional housing projects. You can book flats with them for epitome luxurious and environmental friendly living. With 10% of the actual price of the flat, you can book a flat and the rest you need to pay as per the company policies.

Ready to Move in Flats in Jaypee Wish Town Noida

2018-07-24

Ready to Move in Flats in Jaypee Wish Town Noida

Noida property market is growing massively. Continuous and speedy development in Noida and also at its extensions, make the town more valuable. Everyone wants to invest in Noida. This investment comes in the form of flats, plots, luxury villa and also office space. Investment in Noida be it commercial or residential purpose gives you great benefits. The property market of Noida is growing at a pace of 30% annually and it is only expected to rise more in near future. Investors who have invested in Noida are now reaping great benefits. Not only residential abode but commercial office space or shops are also a great choice for investment. With increasing demands, the number of suppliers in the property market is also rising. Real estates companies are coming up with cutting edge residential concepts which attract consumers. Big players in the property market offer residential complexes which have immense facilities. Not only your recreational part is covered, but property builders are giving facilities such as schools, hospitals, library, golf courses, educational centers, yoga clubs, spas, children parks, gymnasium, community halls and many more. Such attractive features woo consumers and every other person wants to owe a flats or plots in Noida. If you are looking for your won flats or plots in Noida, you can rely on real estate giants like Jaypee Greens which have happening projects. Their modern age apartments are built with state of the art technology which is unmatched in the real estate industry. Their new housing complexes such as Jaypee wish town Noida are excellent for peaceful modern living. They also have Plots in Jaypee Wish Town wherein you can hold the plot and construct your customized luxury villa. They have many other projects which are in the pipeline, you can book your dream home which you will get possessions in their promised time or you can buy their ready to move in flats in Jaypee Wishtown and start living right now. They also have house loan facilities wherein you get loans which minimize your financial burdens. They also have eco friendly living which has a great natural landscape which is not available in city life.

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Adani Group to takeover Jaypee Associates after creditors nod

2025-11-20

Adani Group to takeover Jaypee Associates after creditors nod

Lenders of Jaiprakash Associates have chosen the Adani Group to take over the company which has been in deep financial trouble for years. The firm is currently in the insolvency process due to heavy debt. rnAdani Enterprises received a Letter of Intent on November 19 confirming that creditors want the Adani plan. The takeover now needs approval from the National Company Law Tribunal in Allahabad. After clearance the Adani Group can implement the plan through any of its companies. rnReports say the deal is close to 1.5 billion dollars. Jaiprakash Associates has businesses in cement construction power real estate hotels and fertilizers. rnOther bidders included Vedanta Dalmia Bharat PNC Infratech and Jindal Power. Vedanta had made the highest bid but lenders preferred Adani because it offered a stronger upfront payment and a more secure plan. rnJaiprakash Associates owes around 55,000 crore rupees and entered insolvency in June 2024 . The National Asset Reconstruction Company is the biggest lender in the process.

Suraksha Group Gets YEIDA Notice for JIL Project Delay

2025-08-14

Suraksha Group Gets YEIDA Notice for JIL Project Delay

YEIDA Warns Suraksha Group Over Big Housing Project Delays The Yamuna Expressway Industrial Development Authority (YEIDA) has sent a warning letter to the Suraksha Group. This company is in charge of completing and giving possession of about 20,000 flats in the stalled Jaypee Infratech Limited (JIL) projects in Noida and Greater Noida. Suraksha Group took control of JIL on May 24, 2024, with a promise to restart construction within 90 days. The plan was meant to help thousands of families who have been waiting for their homes for years. But buyers say that there has been very little progress since then. Why YEIDA Sent the Notice YEIDA has given Suraksha one week to answer 14 questions about the delays. They want to know why construction is slow, why enough workers are not on site, and why the company has not put in the promised money to speed up the work. A copy of the notice shows that YEIDA also asked about: • No visible progress at the site • Shortage of labour • No structural safety reports shared with buyers • Charging buyers extra even when amenities are not ready • Not following RERA rules • Not creating separate bank accounts for each project to protect funds Homebuyers’ Complaints Buyers from Jaypee Wish Town in Noida’s sectors 128, 129, and 130 say Suraksha has failed to keep its promises made in March 2023. They say Suraksha promised to put ?3,000 crore into the projects and complete work on nine stalled projects but has not done so. Out of 97 towers, tenders were issued for only 41 towers and work stopped after the earlier contractor was removed. Buyers also say that: • The promised mobile app to share updates has not been launched • Important managers have resigned, which caused more delays • The company is not sharing construction updates or audit reports YEIDA says if Suraksha does not give a proper reply in 7 days, further action will be taken. The buyers want YEIDA to monitor the projects regularly to make sure work is done according to the approved plan. Suraksha Group has not given any public statement yet.

Project delays by Suraksha Group, Jaypee Homebuyers approached NCLAT

2024-12-26

Project delays by Suraksha Group, Jaypee Homebuyers approached NCLAT

rnJaypee Infratech’s homebuyers have approached NCLAT due to the incompetency of Suraksha Group to fulfil its promise to start the construction work within 3 months of the resolution plan passed. rnJaypee Infratech Real Estate Allottees Welfare Society (JREAWS) had submitted a petition in NCLAT over the project delays. In their petition, they said that the Suraksha Group had not kept the promises they made when they took over JIL in March 2023 through a resolution plan and then again in May 2024 in the appellate tribunal. These promises were in the resolution plans in the NCLAT proceedings. rnThey failed to mobilise the 3000 crore required for construction, deploy workers, or even open an escrow account, as specified in the resolution plan. Resolution Plan: May 2024 rnAccording to the resolution plan passed this year, in May, Suraksha Group was required to fulfil the following promises: • Construction will commence in 90 days. • Infuse Rs. 3000 crore into the construction of nine towers. • Development of a mobile app for regular updates • Commencement of work in 97 towers • Transparency in structural audits. rnThe buyers have alleged that, instead of fulfilling these promises, Suraksha Group is only satisfying their needs. Such as: • Stripping of assets • Increased transfer charges • and also lack of transparency in the structural audit. Allegations of homebuyers in petition rnJaypee Infratech’s homebuyers have alleged that, rather than fulfilling their promises, they are busy in looking for sources of money extraction. They have increased transfer charges significantly and are also selling individual Jaypee assets to generate more revenue for themselves. rnThe tribunal heard the appeal by buyers on Dec 10 and issued notices to Suraksha, JIL, the Insolvency and Bankruptcy Board of India (IBBI), and Anuj Jain, the former interim resolution professional (IRP). We have scheduled the next hearing for Jan 8. JREAWS' President Ashish Mohan Gupta Allegations “There is no fund has been infused so far that would push the construction of the projects,” said JREAWS president Ashish Mohan Gupta, referring to the promise made by Suraksha, who was supposed to arrange 3000 cores for the commencement of the construction work. rnHomebuyers said, "They have been waiting for their flats for decades, and even after the resolution plan was passed, the construction of their flats has been ceased." rnEven the limited work undertaken during the IRP regime had been stopped after the previous contractor’s removal. Suraksha was supposed to commence the work in all the 97 towers but the tender floated in May only incorporates 41 towers with no progress on the remaining 57. Instability in Suraksha Leadership rnHomebuyers said, “Suraksha is witnessing immense instability in their leadership; big faces, including Aalok Dave (executive director, managing director, and CEO), quit on Nov 30, while Suresh Bansal (additional executive director) left on Aug 17. rnIf Suraksha's leadership is unstable, how will they focus on building the remaining projects? Increased Transfer Charges rnHomebuyers also alleged that the Suraksha group has increased the transfer charges unreasonably, demanding over 8000 per sqft for unsold units, which is significantly higher than 4,575 estimated in the resolution plan. What has Suraksha Group Sources claimed? rnSuraksha said it had secured a Rs 125-crore loan, a Rs 3,000-crore credit line and fixed savings worth Rs 1,000 crore to pay for the project. The group will build homes for 1,700 people in Wish Town, Mirzapur, and Agra over the next four years, according to the settlement plan. rnSources inside the company said that the different steps of GRAP that have been in place since November have hurt construction. The sellers' patience is running out. "Enough is enough of the wait. Too many unnecessary delays are making our dreams of buying a home fade. "We need to do something right now on the ground," Gupta said.