Jaypee Infra case: 3,400 homes offered for possession in one year

The resolution professional for Jaypee Infratech has, in the past nine months, offered 3,400 houses for possession.

A source close to the resolution professional said, “As the resolution process continues, we intend to give possession to 1,000 people every month.” 

When the insolvency proceedings against Jaypee Infratech were initiated, homebuyers became jittery because they were not sure of getting possession. 

However, workers completing these houses are fewer in number than what is required, say officials. While 15,000 workers are needed, 3,000 are available.

The interim resolution professional, Anuj Jain,