Suraksha Group-Controlled Jaypee Infratech Secures RERA Re-Validation for Seven Stalled Projects in Delhi-NCR

📅 February 20, 2025

In a significant development for aggrieved homebuyers and the Delhi-NCR real estate market, Suraksha Group-controlled Jaypee Infratech Ltd (JIL) has secured re-validation of RERA registration for seven stalled projects. Covering more than 10,000 residential units, this milestone is expected to expedite construction work and streamline access to home loans from banks and financial institutions.

Key Milestones in the Revival of Stalled Projects

The re-validation applies to the following seven projects:

Jaypee Greens Klassic - D
Jaypee Greens Kosmos - A (Phase II)
Jaypee Greens Kosmos - C
Jaypee Greens Kensington Boulevard Apartments
Jaypee Greens Kasa Isles
Jaypee Greens Krescent Homes
Pebble Court

Combined, these projects account for a total of 10,082 units of varying configurations and sizes. According to sources, the delivery of these units is scheduled in a phased manner starting from December 2025, providing renewed hope for thousands of homebuyers.

Strategic Takeover and Regulatory Approval

The current turnaround began in June last year when Mumbai-based Suraksha Group took control of JIL by constituting a three-member board. As part of the restructuring process, Sudhir V Valia, the promoter of Suraksha Group, was appointed as a non-executive director on the JIL board. This takeover was confirmed following the National Company Law Appellate Tribunal (NCLAT) decision on May 24 last year, which upheld Suraksha Group's bid to acquire JIL. However, as part of the resolution, the group was directed to pay an additional Rs 1,334 crore to the Yamuna Expressway Industrial Development Authority (YEIDA) for farmers' compensation.