By 2022, about 6,000 apartments in Jaypee Wish Town will be handed over to buyers. Some of them will be newly built. Others have already been completed but require some renovations work before the keys are delivered, according to resolution professional Anuj Jain.
The Supreme Court has reflected about 20,000 apartments in the list of unfinished categories. While the state’s previous NBCC estimates showed about 17,500 unfinished apartments in Wish Town. The resolution specialist has now updated the unfinished floor number to 19,500.
According to the resolution professionalist Anuj Jain, they originally had 28,000 apartments to complete. Out of which, they have delivered 8,500 already, and now they have to complete 19,500 flats. Of the 8,500 apartments, some still leftover with finishing work including fittings and flooring. So, “We complete them and also finish the construction of some other flats as well, and together we have set a goal of handing in more than 5000 flats by the year 2022. Also, we would have already built at least 4,000 floors, our work had not stopped last year.” Meanwhile, construction work on the Wish Town site has started and labor mobilization continues.
Suraksha and NBCC, two resolution applicants in the JIL resolution case, have submitted their proposal to the Creditor’s Committee (COC). Lenders responded to new offers and asked bidders to make more favorable offers on “land parcels” to pay off the debt. On 17 April, parties from both sides demanded a one-week deadline to submit the second revised proposal.