The re-validation of RERA registration is expected to ease homebuyers' access to home loans from banks and financial institutions, which had previously been difficult due to the lack of valid registration. Additionally, the company is in the process of re-validating the RERA registrations for other projects under Jaypee Infratech.

While the re-validation is viewed as a positive development, concerns remain among homebuyers regarding the pace of construction and the adequacy of the investment being made. Some homebuyers expressed doubts about Suraksha Group's commitment to meeting the promised timelines, citing delays in mobilizing funds and workers for construction. There are also concerns over the limited extension of RERA registration for certain projects, with some registrations extended only until December 2025.

Suraksha Group, which took control of Jaypee Infratech in June 2024, has started injecting funds and plans to resume construction on the stalled projects. The company is expected to need between Rs 65 and Rs 70 billion to complete around 160 residential towers across multiple projects, which are currently holding up around 20,000 homebuyers.

News source: Hindustan Times