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We will give houses within three years: NBCC to Jaypee homebuyers

Homebuyers demand higher delay payment amount paid by NBCC and shorter timelines for completion of units.

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State-owned NBCC has assured Jaypee homebuyers that it would deliver the projects within three years along with amenities promised.

NBCC will also share a tower-wise completion plan and ensure that there is no escalation in unit prices.

NBCC has submitted a resolution plan to take over the realty firm and complete the stalled projects that has left 32,000 homebuyers in the lurch. Mumbai-based Suraksha Group has also made an offer of about Rs 20 crore as upfront payment and land worth Rs 5,000 crore. It has promised to complete pending projects in three years.

In October 2018, Insolvency Resolution Professional Anuj Jain started a fresh initiative to revive Jaypee Infratech on the NCLT direction after lenders rejected the over Rs 7,000-crore bid of Suraksha Group.