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Yeida Injects Funds to Finish 12 JAL Projects
Hindustan Times Noida
|May 03, 2025
The Yamuna Expressway Industrial Development Authority (Yeida) will put in funds to finish the 12 housing projects which the Jaypee Group has failed to deliver to homebuyers, officials announced on Friday.
GREATER NOIDA: The Yamuna Expressway Industrial Development Authority (Yeida) will put in funds to finish the 12 housing projects which the Jaypee Group has failed to deliver to homebuyers, officials announced on Friday. Yeida will also develop a dedicated portal as a database for homebuyers to help them interact with officials and seek refund or update on their project.
At a meeting with homebuyers on Friday, Yeida CEO Arun Vir Singh discussed issues related to finalising a new developer and the process to address the grievances. "Following the Allahabad high court orders, Yeida has decided to infuse funds from its own pockets so that the work can start and homebuyers can get apartments without further delay. Our objective will be that the homebuyers get hassle-free justice and choose to either exit by taking refund or take possession of their flat. We have decided to form a portal so that the buyers get updates without visiting our office," the Yeida CEO said.
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