‘Flats still delayed, construction yet to start’: Jaypee homebuyers write to insolvency board

The letter states that the resolution plan was approved by the National Company Law Tribunal (NCLT) on March 7, 2023.

The MoU was signed in the presence of Chief Minister Bhupendra Patel and Minister of State for Home, Harsh Sanghavi, at the 19th GIHED Property Show organised by CREDAI Ahmedabad (Express File)

For over a decade now, buyers who invested in real estate projects of Jaypee Infratech Limited (JIL) have been waiting for some sign that their homes are nearing completion. Despite another firm acquiring the debt-ridden JIL, there’s been no progress, they alleged.

Buyers have now written to the Insolvency and Bankruptcy Board of India (IBBI) to revive Jaypee Infratech and requested officials to allow them an opportunity to meet investors for a detailed discussion.

There are around 18,000 homebuyers – over 90% of which are in Noida alone – across 19 projects of JIL awaiting their completion after the firm went bankrupt in 2017 on failing to deliver the flats and defaulting on loans.

The letter stated, “The present letter is written on behalf of members of JIL Real Estate Allottees Welfare Society (JREAWS) and other homebuyers at large who are still aggrieved due to the non-start of construction by the successful resolution applicant namely Suraksha Realty Limited.”

“But there has been no improvement in the pace of construction at the Wishtown Project. On the contrary, whatever construction was happening during IRP (Insolvency Resolution Professional) and IMC (Implementation and Monitoring Committee) regime, even that is stopped because the earlier contractor was removed,” said President of the Executive Committee, JREAWS, Ashish Mohan Gupta.

“We request you to kindly allow us to meet for a detailed discussion at a time and date convenient to you,” the letter stated.

Officials in the IBBI could not be reached for comment.

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Gupta told The Indian Express that there has been no improvement in the condition of homebuyers months after their demands were put forth before the NCLT and a resolution plan was approved by Suraksha.

However, an official with Suraksha Realty Limited said work was held up due to the Graded Response Action Plan Stage IV, the highest level of anti-pollution curbs under which construction is banned, imposed across Delhi-NCR for over a month.

“Construction work at the site was started earlier but we had to stop it after GRAP IV was imposed in the region,” the official said requesting anonymity.

Neetika Jha

Neetika Jha is a Correspondent with The Indian Express, based in the Noida bureau. She primarily covers crime, health, and environmental issues, as well as human-interest features across Noida, Ghaziabad, and Western Uttar Pradesh. Professional Profile Education: She is an alumna of the Asian College of Journalism (ACJ), Chennai. Core Beat: Her work focuses on the administrative and social challenges of the NCR's satellite cities. She is known for her detailed reporting on civic infrastructure (like the Noida International Airport), environmental violations, and high-profile criminal investigations. Personal Interests: Outside of reporting, she is an avid reader of fiction (citing The Thursday Murder Club and Yellowface as recent favorites) and a gardening enthusiast. Recent Notable Articles (Late 2025) Neetika’s recent reportage has been dominated by winter-related crises in the NCR and significant criminal legalities: 1. Environment & Public Safety "Greater Noida Authority slaps fines on firms for violating GRAP IV norms" (Dec 21, 2025): Reporting on heavy penalties imposed on major developers like NBCC for flouting anti-pollution construction bans. "Fatal pile-up on Yamuna Expressway: Fog, high speed emerge as key safety risks" (Dec 17, 2025): A major report on a 15-vehicle collision caused by dense fog that killed 17 people. "At Chilla, Kalindi, DND, many fined Rs 20,000 for non-compliance to Delhi's BS-VI rule" (Dec 19, 2025): On-the-ground reporting from the borders where Noida police penalize non-compliant vehicles entering the capital. "Driving in Noida amid fog? New speed limits in effect till Feb 15" (Dec 13, 2025): Detailing the seasonal traffic restrictions aimed at preventing highway accidents. 2. Crime & Legal Developments "'Have you ever heard of a murder case being withdrawn?': Court in Akhlaq lynching case" (Dec 12, 2025): Covering a critical courtroom hearing where the court questioned the UP government's petition to withdraw charges against the accused. "After losing money in stock market, bank employee in Ghaziabad withdraws Rs 64 lakh from customers' accounts" (Dec 14, 2025): An investigative piece on internal bank fraud and the risks of modern digital embezzlement. "Woman shot dead by partner in Noida: Three days on, accused still on the run" (Dec 2, 2025): Tracking a high-profile domestic violence and murder case in Central Noida. 3. Human Interest & Features "'Had tears in my eyes': Army men walk bride down the aisle 20 years after father died in terror attack" (Dec 2, 2025): A moving story about soldiers from a Punjab Grenadiers unit fulfilling a father's duty for his daughter. "How a Zepto delivery man heard a cry — and saved two kids dumped in Noida drain" (Dec 2025): A viral human-interest story highlighting individual heroism in the city. Signature Style Neetika is recognized for her meticulous follow-up on local tragedies. Whether it is a massive pile-up on the Yamuna Expressway or the ongoing construction of the Jewar (Noida) Airport, she focuses on systemic lapses and the safety of commuters. Her crime reporting often explores the psychological motives behind "crimes of passion" and the rising trend of financial cyber-fraud in the Ghaziabad-Noida belt. ... Read More

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