4,000 Jaypee Homebuyers Set to Receive Apartment Keys as Suraksha Group Accelerates Delivery Timeline

Nearly a decade after their dreams were put on hold, approximately 4,000 homebuyers of stalled Jaypee projects in Noida and Greater Noida are expected to finally receive possession of their apartments during the current financial year, according to recent developments.

Mumbai-based Suraksha Group Prepares for Major Handover

The Mumbai-based Suraksha Group, which has taken over Jaypee Infratech's incomplete projects, is now preparing to seek occupation certificates (OC) for 40 residential towers this year. This significant milestone comes after the company successfully delivered 19 towers containing 1,981 units during FY 2024-25.

Industry experts suggest that this development could serve as a positive indicator for the broader real estate sector under watch by regulatory authorities.

Massive Construction and Investment Initiative

Suraksha Group has been tasked with completing approximately 20,000 homes across 159 towers by 2027. The company's financial commitment demonstrates its seriousness about the project completion timeline.

Investment and Funding Strategy

The company has already invested ₹400 crore in FY25 and has announced plans for another ₹2,500 crore investment in the current fiscal year. The total investment commitment stands at ₹5,500 crore, which aligns with Suraksha's injection of ₹5,500 crore to revive the stalled project.

Funding sources include ₹1,200 crore from buyer dues and ₹400–500 crore from Yamuna Expressway toll collections. Currently, nearly 6,000 laborers have been deployed to fast-track construction activities.

Regulatory Concerns and Delivery Timeline

Despite the progress, the Yamuna Expressway Industrial Development Authority (YEIDA) has issued a notice to Suraksha Realty following complaints from homebuyers regarding delays. This regulatory oversight reflects the authorities' commitment to ensuring timely project completion.

Phased Delivery Roadmap

By FY 2025-26, a total of 62 towers (including this year's 40) are expected to be completed. The remaining 97 towers are targeted for completion over the next 40 months, extending until 2027.

Suraksha has also secured RERA approvals for most projects and is planning to sell 1,100 unsold units soon, which could benefit those looking at hidden costs of home buying considerations.

Comprehensive Project Overview

This development represents a significant step forward for homebuyers who have been waiting for years to receive their properties. The progress also highlights the importance of understanding legal aspects of buying property in India to avoid similar situations in the future.

After years of stalled progress, Jaypee homebuyers may finally see light at the end of the tunnel, with 4,000 flats likely to be handed over this year and Suraksha aiming for full delivery of 20,000 homes by 2027.