The much awaited decision has been taken by National Company Law Tribunal (NCLT) to acquired Jaypee Infratech Construction by Suraksha Group. This gives a chance to 20000 families whose homes had come to a standstill to fulfill their dreams. Suraksha Group hopes to complete its unfinished projects in newly built areas of Noida and Greater Noida for the amount of 75000 million dollars.
Key Highlights:
- Suraksha Group has proposed to finish off 20000 units of flats which gives an optimistic impression for the customers that were kept waiting forever.
- The NCLT approval for this bid is now the built strategy of these bid’s development and construction controlled by a particular Committee.
- Suraksha’s proposal aims towards instant settlement towards claims and buyers that encompasses real estate optimism.
Impact on Real Estate Sector:
- To the most need of the time completing the stalled work under these policies will save the cheeks of a chunk of economy and create new employment opportunities.
- The primary aim of the acquisition is to aid revamping the belts and villages around Noida areas and drive forward bound development of villages 128 and 135.
- Most favorably, new jobs developed, housing demand increased, developers entered new global markets targeting and expanding the market base.
Conclusion:
Noida’s economy has greatly benefitted because of the acquisition by the Suraksha Group as it has transformed Noida’s construction economy. Once the execution of the pending projects is completed it will do wonders for the surrounding geographical regions uplifting the economy and restoring the belief of investors.
For more information about Dream Location and to search your dream property, please visit Dream Location on Google Map. Contact us today to know more about the best real estate deals in Delhi and North India; we will connect you to the right property investment.