Jaypee Group assures delivery of 2300 flats by December 2017
October 17, 2017The Noida authority on Monday said the Jaypee Group has assured delivery of 2300 flats in its Jaypee Wish Town project by end of December 2017. The Jaypee Group in the month of September and October delivered flats to 950 homebuyers.
The additional chief executive officer of Noida Authority said “The job of the authority is to issue occupancy certificate for a housing tower, as and when the developer completes the housing project and submits documents with necessary clearances. The authority immediately issues occupancy certificates to Jaypee housing project too, if all documents are in proper order, so that the homebuyers can shift into their homes. The authority will issue occupancy certificates for 2,300 flats by December 2017.”
On August 9, insolvency proceedings were initiated against Jaypee Infratech, following which the homebuyers were deprived of possession of their homes in the Jaypee Aman 1 project registered and following take possession of their flats.
Homebuyers were agitated about their investment and delivery of possession of their homes after an insolvency case was admitted in the National Company Law Tribunal (NCLT). Thereafter, hassled homebuyers who have bought homes in Jaypee Infratech’s projects approached the Supreme Court challenging the NCLT’s insolvency proceedings, after which the Supreme Court stayed the proceedings and directed the parent company of Jaypee to deposit Rs 2,500 crore by October 24, with the registrar of Supreme Court.
“The delivery of 2300 flats are located in Jaypee’s different projects, particularly towers named: Pavilion, Heights 4, Klassic, Kosmos, Kalypso, Kensington Park flats and Aman. The Jaypee group are busy in completing internal works as the outside structure is already finished,” said an official of Jaypee Group.
The Jaypee Group is currently developing Jaypee Aman-1, a 26-tower housing project located in Sector 151, and Jaypee Wish Town, a 250-tower housing project located in Sector 128. The civil structure of most of the towers is complete but finishing of internal work is yet to be done for the deliver of flats.
The Jaypee Group launched the projects of a total of around 32,000 homes in 2008-09 onwards with an assurance of possession by 2012-13.
“The Jaypee Wish Town housing-project has already offered possession of 6000 flats so far and the delivery of possession of 1700 individual residential plots. Jaypee is also developing common facilities in housing-projects,” officials of Jaypee Group said.
On July 13, Jaypee Infratech obtained occupancy certificates from Noida Authority for delivery of possession for five towers of Jaypee Aman and three towers in Wish Town, located in Sector 128 Noida.
The additional chief executive officer of Noida Authority said “The job of the authority is to issue occupancy certificate for a housing tower, as and when the developer completes the housing project and submits documents with necessary clearances. The authority immediately issues occupancy certificates to Jaypee housing project too, if all documents are in proper order, so that the homebuyers can shift into their homes. The authority will issue occupancy certificates for 2,300 flats by December 2017.”
On August 9, insolvency proceedings were initiated against Jaypee Infratech, following which the homebuyers were deprived of possession of their homes in the Jaypee Aman 1 project registered and following take possession of their flats.
Homebuyers were agitated about their investment and delivery of possession of their homes after an insolvency case was admitted in the National Company Law Tribunal (NCLT). Thereafter, hassled homebuyers who have bought homes in Jaypee Infratech’s projects approached the Supreme Court challenging the NCLT’s insolvency proceedings, after which the Supreme Court stayed the proceedings and directed the parent company of Jaypee to deposit Rs 2,500 crore by October 24, with the registrar of Supreme Court.
“The delivery of 2300 flats are located in Jaypee’s different projects, particularly towers named: Pavilion, Heights 4, Klassic, Kosmos, Kalypso, Kensington Park flats and Aman. The Jaypee group are busy in completing internal works as the outside structure is already finished,” said an official of Jaypee Group.
The Jaypee Group is currently developing Jaypee Aman-1, a 26-tower housing project located in Sector 151, and Jaypee Wish Town, a 250-tower housing project located in Sector 128. The civil structure of most of the towers is complete but finishing of internal work is yet to be done for the deliver of flats.
The Jaypee Group launched the projects of a total of around 32,000 homes in 2008-09 onwards with an assurance of possession by 2012-13.
“The Jaypee Wish Town housing-project has already offered possession of 6000 flats so far and the delivery of possession of 1700 individual residential plots. Jaypee is also developing common facilities in housing-projects,” officials of Jaypee Group said.
On July 13, Jaypee Infratech obtained occupancy certificates from Noida Authority for delivery of possession for five towers of Jaypee Aman and three towers in Wish Town, located in Sector 128 Noida.
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