Jaypee Infratech Ltd

Jaypee Infratech Ltd

Jaypee Infratech Ltd is an Indian infrastructure development company. The company is a part of the Jaypee Group. They are engaged in the development of the Yamuna Expressway and related real estate projects. The company's business model consists of earning revenues from traffic and related facilities on the expressway during the 36-year Concession period and development of associated real estate pursuant to the Concession.The Yamuna Expressway is a 165-kilometre access-controlled six-lane concrete pavement expressway along the Yamuna river with the potential to be widened to an eight-lane expressway. The company also has the right to develop 25 million square metres (approximately 6175 acres) of land along the Yamuna Expressway at five locations for residential commercial amusement industrial and institutional purposes.The company holds the Concession from the YEA to develop operate and maintain the Yamuna Expressway in the state of Uttar Pradesh connecting Noida and Agra. The Concession also provides for the right to develop 25 million square metres (approximately 6175 acres) of land along the Yamuna Expressway at five locations for residential commercial amusement industrial and institutional purposes.Jaypee Infratech Ltd was incorporated on April 5 2007 as a Special Purpose Vehicle for implementation of 165 km long 6-lane Access-Controlled Yamuna Expressway in the state of Uttar Pradesh connecting Noida and Agra. The company received the certificate for commencement of business on April 27 2007.In October 2007 Jaiprakash Associates Ltd and Yamuna Expressway Authority assigned the assignment in favour of the company. Also the holding company Jaiprakash Associates Ltd executed the project transfer agreement in favour of the company. In December 2007 they commenced the construction of Yamuna Expressway. In November 2008 the company launched the residential project 'Jaypee Greens Klassic' at Noida in Uttar Pradesh. In May 2009 the company launched the residential project 'Jaypee Greens Aman' at Noida in Uttar Pradesh and in July 2009 they launched the residential project 'Jaypee Greens Kosmos' at Noida in Uttar Pradesh. In October 2009 the company commenced the construction of the Jaypee medical super speciality 450 bed hospital at Noida Uttar Pradesh India.In January 2010 the company launched the residential project 'Jaypee Greens Kensington Park (Plots)' at Noida in Uttar Pradesh and in February 2010 they launched the residential project 'Jaypee Greens Kensington Park (Apartments)' at Noida in Uttar Pradesh.