Suraksha promises to hand over 250 towers in three years

Suraksha promises to hand over 250 towers in three years
02/12/2019 , by , in News/Views

Before the voting process for insolvency resolution of Jaypee Infratech Limited, officials of Suraksha had an hour-long discussion with homebuyers to answer questions on completion of flats launched by the beleaguered firm.

Homebuyers in JIL projects, primarily Wish Town, logged in on a conference call — an interaction between Jaishree Swaminathan, representing all homebuyers, and Aalok Dave, MD & CEO of Suraksha Asset Reconstruction Limited, the company in the fray along with state-owned NBCC for takeover of construction activity and delivery of flats.

The Mumbai-based firm was recently awarded 27 points as compared to 20 points to the state-owned NBCC in the evaluation of their bids conducted by independent agency RBSA.

Dave said that apart from the existing promises in its bid, scheduled for submission on Tuesday, the company would stretch its offer regarding compensation for delay from the current figures. “Currently, we are offering Rs 100 crore. We will have an internal discussion to stretch that number to an extent to give the buyers what is the maximum possible as delay compensation. Though it is not us who are responsible for the delay,” Dave said on the call.

Dave clarified, “We are in no way connected to Jaypee and our proposals have been rejected before. We are a private operator and putting a lot at stake to be a part of this. We are focused on the completion of the project and any such allegations of being linked to JIL are only rumours.”

Commenting on their completion schedule, Dave said that the company has 250 towers to complete and would hand over the first 80 towers in one or one and a half years; the next 120 will be done within two or two and a half years and the remaining 50 within three years. The builder may take a nine-month grace period.

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