Business Standard

Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers

Apex court has sent case back to lenders, allowing previous two bidders to furnish revised plan

Jaypee homebuyers
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According to a report by the Interim Resolution Professional and submitted to the Supreme Court, Jaypee took Rs 13,364 crore from homebuyers in booking amounts and part payments

Arnab Dutta New Delhi
Since Ishwar Kewalramani booked an apartment in a Jaypee Infratech project in August 2010, he has moved house from south Delhi to a rented apartment in Gurgaon, turned 60, and seen his son grow from a student to a professional. Amid all this flux, only one thing has remained constant: his yearning for a home.
 
There are at least 20,000 other Kewalramanis out there. Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered.
 
Supreme Court documents show that, till last March, Jaypee

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