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Jaypee Infra projects will go on: Noida Authority

  • Jaypee Infra projects will go on: Noida Authority

    Summary: This process will continue and buyers need not panic," he urged.Prasad has also asked Gaur to keep communication channels open with the homebuyers. The CEO also said that he had asked the realtor to ensure work at Wish Town, where nearly 27,000 flats are still to be delivered, does not stop. Jaypee did not respond to calls for a comment.Interim resolution professional Anuj Jain made a public announcement, asking creditors of Jaypee Infratech to submit proof of their claims on or before August 24. "This will ensure homebuyers will continue to get possession of their houses after the registration process is complete," Prasad said. "I have asked the builder to make sure construction work in the township across 26 projects does not stop and completion of units is achieved," Prasad said.The Noida Authority will continue to give completion certificates to Jaypee's projects as soon they are completed and the company applies for it.

    NOIDA: The Noida Authority on Saturday said insolvency proceedings against Jaypee Infratech would not come in the way of construction work at its delayed housing projects, including Wish Town The announcement was made by Noida CEO Amit Mohan Prasad after a meeting with Jaypee Infratech managing director Manoj Gaur, senior officials from IDBI Bank, which has filed the insolvency plea at the National Company Law Tribunal (NCLT), and the interim resolution professional appointed by NCLT. Prasad also said 500 units at Wish Town, Jaypee's mega housing project in Sector 128, could be delivered in September.Prasad said he has directed Gaur to draw up a resolution plan, which is to be submitted to NCLT, in the interest of homebuyers. The CEO also said that he had asked the realtor to ensure work at Wish Town, where nearly 27,000 flats are still to be delivered, does not stop , As Reported By TOI.

    According to the Newspaper,"I have asked the builder to make sure construction work in the township across 26 projects does not stop and completion of units is achieved," Prasad said.The Noida Authority will continue to give completion certificates to Jaypee's projects as soon they are completed and the company applies for it. "This will ensure homebuyers will continue to get possession of their houses after the registration process is complete," Prasad said. "In the last month, the builder handed over possession of about 1,000 residential units.


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