Jaypee Greens Sun Court III Jaypee Greens, Greater Noida

Jayprakash Associates Limited launched Jaypee Greens Sun Court - B in Greater Noida on May 10, 2011, with an expected completion date of March 31, 2020. The project, registered under RERA No. UPRERAPRJ4358, includes 1 tower and 60 residential units, featuring OTHER, PENTHOUSE, and 4 BHK options with sizes ranging from 2723 to 5307 sq ft.

Jaypee homebuyers organized protests at Jantar Mantar and India Gate, seeking the completion of the Wish Town project under the supervision of a Supreme Court-mandated committee. Approximately 23,000 homebuyers are affected by the delayed possession of flats, with some having invested between 2009 and 2012.

The Supreme Court ordered the transfer of all appeals related to Jaypee Infratech from the National Company Law Appellate Tribunal (NCLAT) to itself to expedite the resolution plan by NBCC and ensure homebuyers receive possession of their homes. NBCC's plan, approved by creditors, involves completing over 20,000 pending flats in Noida and Greater Noida.

A homebuyer in the Jaypee Greens Kensington Boulevard project filed a claim with the Interim Resolution Professional (IRP) on April 20, 2021, seeking inclusion in the resolution plan. The applicant, having booked a flat for ₹56,78,910 and already paid ₹50,19,000, was unaware of the Corporate Insolvency Resolution Process.

Homebuyers from over 15 housing societies in Greater Noida and Noida Extension protested on December 25, 2022, demanding the handover of their flats and completion of the stalled registration process. The protest, held at Ek Murti Chowk in Greater Noida, included homebuyers from societies like Upcountry, Supertech Eco Village, Apex Golf Avenue, and JM Florence.

Gaurs is launching Sun Court Towers in Jaypee Greens, taking over the project and incorporating structural changes after Jaypee delivered two towers. The new towers, named Trecento, will offer 4 BHK units with 180° golf views.

Gaurs is constructing Sun Court in Jaypee Greens on the same grounds as the already delivered Jaypee Sun Court apartments. The official launch is expected in a month.

Jaypee homebuyers protested at Suraksha's office in Sector 128, alleging violations of the resolution plan, including the failure to secure a ₹3,000-crore funding facility within 90 days of the takeover. Approximately 17,000 buyers are awaiting their flats in the Wish Town project, which was launched in 2010-11 with deliveries promised in 2014-15.

A local court in Noida ordered a 100-meter protest-free zone around Jaypee Infratech's headquarters in Sector 128, following a civil suit filed by Jaypee Infratech against JIL Real Estate Allottees Welfare Society (JREAWS) and other protesters. The court's decision came after allegations that demonstrators disrupted operations and intimidated staff, with homebuyers accusing the developer of suppressing legitimate concerns.

The Supreme Court has directed Jaypee Infratech homebuyers to either claim refunds or apply for flat allotments by December 5, with no further extensions. Suraksha Realty Limited, now managing the Jaypee projects, was instructed to make a public announcement about the deadline.

The Supreme Court upheld the NCLAT's directive for NBCC to take over and complete 16 stalled housing projects by Supertech, benefiting homebuyers who have waited years for their homes. The court directed NBCC to expedite the projects as envisaged by an expert committee set up by the NCLAT.

Suraksha Group's bid to acquire the company was approved by the insolvency tribunal on March 7, 2023, but homebuyers have raised concerns over significant delays in project completion.

Around 22,000 homebuyers have been waiting for their flats for over a decade. If the NCLT does not expedite the hearing around the resolution plans, these homebuyers will be subject to unending pain and trauma.