12 Jaypee Housing Projects to Be Revived Under YEIDA’s Supervision

The Yamuna Expressway Industrial Development Authority (YEIDA) has announced it will take over and fund the completion of 12 long-delayed housing projects earlier launched by Jaiprakash Associates Limited (JAL). This decision, taken under the directions of the Allahabad High Court, is expected to provide closure to over 8,000 homebuyers who have been waiting for possession for more than a decade.

The decision was announced following a meeting held on May 2 between YEIDA officials and representatives of affected buyers. YEIDA CEO Arun Vir Singh confirmed that the authority would now act as the primary implementing body for the projects, using its own financial resources to carry forward construction. This step follows the court’s affirmation of YEIDA’s right to cancel JAL’s lease over the project land and proceed with the completion work.

YEIDA’s move comes after the developer failed to deliver homes booked as far back as 2011. Many buyers were promised possession by 2014 but have since faced repeated delays, litigation, and financial distress. The turning point came in February 2020 when YEIDA cancelled JAL’s lease on the land due to non-payment of dues. The cancellation was later challenged in court but was upheld in a March 2024 order by the Allahabad High Court.

To ensure transparency and ease of communication, YEIDA has announced the launch of a dedicated online portal. This platform will serve as the central interface for affected buyers, allowing them to view project updates, submit necessary documents such as payment histories, and indicate their preference to either continue with the project or opt out. Refund requests can also be processed through this portal, eliminating the need for in-person visits to YEIDA’s offices.

As part of its groundwork, YEIDA has hired the consulting firm Currie & Brown to conduct a technical survey of the stalled projects. The firm is expected to assess the present condition of the construction and submit a report within 15 days. Based on this evaluation, YEIDA will issue a Request for Proposal (RFP) to select a new developer under the Engineering, Procurement, and Construction (EPC) model.

To address concerns and coordinate the effort, the High Court has mandated the formation of a supervisory committee. This committee includes key state officials such as the Principal Secretary of Industrial Development, the Chairman of UP-RERA (or a nominee), YEIDA CEO Arun Vir Singh, a representative from the housing department, and one authorised homebuyer representative.

Amarpal, who has been actively representing the interests of homebuyers in the National Company Law Tribunal (NCLT) proceedings, has been appointed as their official representative on the committee. Additionally, a sub-committee consisting of members from various homebuyer associations will coordinate with the authority during the execution phase. Shailendra Bhatia, Officer on Special Duty (OSD) at YEIDA, has been appointed as the nodal officer for grievance redressal.

Speaking after the meeting, homebuyer representative Shamendra Singh of the Jaypee Sports City Welfare Society said, “We booked a flat in 2011 with hopes of getting possession in 2014. It has been more than a decade of waiting. With the High Court's ruling and YEIDA stepping in, we now see a real chance of getting our homes.”

The High Court's ruling has also provided significant financial relief to buyers. The period between February 2020 (when YEIDA cancelled the land allotment) and March 2024 (the date of the court’s judgment) has been declared as a ‘zero period.’ This means that homebuyers will not be liable to pay interest on their dues during this interval, shielding them from additional financial burden caused by the developer’s inaction.

YEIDA has further reiterated its commitment to complete not only the housing components of the stalled projects but also the development of sports infrastructure originally planned in the Special Development Zone. The authority now holds the lease for the 1,000 hectares of land previously allotted to JAL, giving it full administrative and operational control.

The move to revive these stalled projects reflects a growing trend of development authorities stepping in to address large-scale builder defaults, particularly in cases where delays have impacted thousands of buyers. While challenges in execution remain, especially in terms of construction costs, regulatory clearances, and appointment of competent developers, YEIDA’s intervention marks a structured and legally supported path forward.

For the many families who have been waiting for closure, this development could signal the beginning of a resolution to a long and difficult journey. Whether they choose to stay with the project or seek refunds, buyers now have a mechanism backed by both legal and administrative support.

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