NBCC explains plan for crisis-hit Jaypee Infratech's homebuyers

Anoop Kumar Mittal, the NBCC chairman, told homebuyers it would try to give the apartments within three years

From monetising assets in stalled projects to giving keys of flats to around 32,000 homebuyers in three years, state-run infrastructure firm NBCC has a plan for crisis-hit realty developer Jaypee Infratech. 

Meeting close to 350 homebuyers, representing nine separate associations of affected buyers, NBCC said on Monday it would soon share a tower-wise completion plan and ensure the cost of construction, including amenities, is done in the promised price.

The company also plans to infuse Rs 500 crore into Jaypee Infratech. It believes this amount would come from selling the company's assets, including 2,000 acres of land bank and 6,000 unsold flats. 

Anoop