For 20,000 Jaypee home buyers, no end to suffering
Several Army officers spent their entire retirement benefits to book flats in Jaypee Wish Town and other properties and are still living in rented premises. For Sudhir, a working professional who had booked two flats in Jaypee, the decision to secure his retirement as well as taking care of his daughter’s education backfired. “The only solace I can have now is that when the flats get completed, my daughter can decide what to do with them as we have been unable to enjoy the fruits of our hard work,” said Sudhir, who is living on rent in one of the sectors in Noida. On November 6, 2019, the Supreme Court directed the completion of JIL’s insolvency process within 90 days, and ordered that the revised resolution plan be invited only from government-owned National Buildings Construction Corporation (NBCC) and Mumbai-based Suraksha Realty.
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