Business Standard

Jaypee Infratech case: 4,000 houses allotted to homebuyers in Noida

Till August, a total of 3,400 houses were ready for possession

Jaypee infratech
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Veena Mani
A total of 4,000 houses have been handed over to their respective owners by the beleaguered Jaypee Infratech in Noida, even as the insolvency process is on.
 
A source close to the insolvency professional said, “In the next one month 1,000 more houses will be ready for possession.” In Jaypee Infratech’s case, a second term of 180 days was given to find a resolution plan.
 
Till August, a total of 3,400 houses were ready for possession. When the company went in for insolvency last year, 28,000 homebuyers were left in the lurch.
 
Recently, the Supreme Court ordered

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