By Bricksnwall | 2026-08-01
Suraksha Group, which took over debt-ridden
Jaypee Infratech Ltd in 2024, said it had completed construction of 7,913 flats
in 84 towers at Noida’s Wish Town.
Suraksha Group, which purchased debt-ridden
Jaypee Infratech Ltd (JIL) in 2024, on Friday said it had completed
construction of 7,913 flats over 84 towers in Noida’s Wish Town complex and
plans to deliver the remaining residences by 2028.
The business said it has also updated
essential township infrastructure, including bettering power supply, bringing
in Ganga water link and boosting community facilities.
“Of the 20,000 flats in 139 towers,
construction has been completed in 84 towers comprising 7,913 units. “Occupancy
certificates (OCs) have been issued for 42 towers and 4,213 flats. We have also
applied for OCs for another 26 buildings totaling 2,229 flats,” said Suraksha
Group CEO Abhijit Gohil.
Spread on sectors 128, 129, 131, 133 and 134
along the Noida-Greater Noida Expressway, Wish Town was developed by the Jaypee
Group as an integrated township including residential developments, commercial
spaces, schools, healthcare facilities and a golf course.
Structural audits have been completed for seven
towers with 583 flats, Gohil added. Two towers have already got no-objection
certificates (NOCs) and the rest of the towers are in the process of getting
permissions. He said structural audits were also underway on a further nine
towers with 888 flats.
He said the Ganga water supply has been extended to the sectors within Wish
Town currently while 11 cluster clubs will be functioning by the end of the
current financial year.
The corporation has also upgraded the
township’s energy infrastructure to support the rising residential population.
The load capacity of Grid Substation-I has been enhanced from 19.8 MVA to 35
MVA, while the capacity of Grid Substation-II is 9.7 MVA, officials stated.
The company has recently announced that it has obtained the registration for
commercial development Wish Point in Sector 134 from the Real Estate Regulatory
Authority (RERA).
JIL executive director Jash Panchamia said
the group is focusing on finishing blocked projects while upgrading civic
facilities around the township. “The issuance of occupancy certificates,
augmentation of Ganga water supply, upgrading of power infrastructure and
creation of community amenities are indicative of our dedication to provide a
complete integrated township,” added Panchamia.
Thousands of homebuyers were waiting for possession for years and after years
of delay, Suraksha Group took over Jaypee Infratech in June 2024 under the
insolvency resolution procedure. Under the sanctioned resolution plan, the firm
had agreed to deliver over 20,000 pending homes in several halted residential
projects.
Source: Hindustan Times