Suraksha ARC promises to restart stalled Jaypee Infra projects soon

Will infuse working capital funds, deploy a new tech team to revive stalled work; plans to collect dues from home buyers and monetise unsold inventory to expedite construction

Suraksha Asset Reconstruction Company, the highest bidder for Jaypee Infratech, is promising to restart the stalled projects as soon as it receives all the  statutory permissions, its CEO Aalok Dave said.

"Our strategy is to invest in the stalled real estate projects and take monitoring control of the projects to bring financial and operational discipline for revival and completion of the project," Dave said.

Suraksha ARC, which pipped government-owned NBCC India to win the race,  will infuse requisite working capital funds, deploy a new technical team to revive the stalled construction. It also plans to collect the dues from home buyers and