Assured of delivery by completing fast construction
Suraksha Group had offered 2,552 acres of land to secured financial creditors with a fair value of Rs 6,456 crore. Suraksha Group will invest Rs 3,000 crore to complete Jaypee Infra’s under construction projects in 40 months. Regarding the decision of the Committee of Creditors (CoC), a spokesperson of Suraksha Group said that we thank all the stakeholders including the Central Government, Supreme Court, Banks, Financial Institutions and Homebuyers. We are committed to the homebuyers and assure them that the construction will be completed expeditiously and delivery will be given as per the resolution plan.
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Noida-Greater Noida home buyers will have a big advantage
The successful resolution process of Jaypee Infra will bring a big relief to more than 20,000 home buyers of housing projects launched by the company in Noida and Greater Noida. The committee of creditors had voting rights of 12 banks and over 20,000 home buyers. Homebuyers held 56.63 per cent of the voting rights and 43.25 per cent with financial creditors. Fixed deposit holders had 0.13 per cent voting rights.