The Uttar Pradesh government gave hope on Wednesday to hundreds of distressed homebuyers of the Jaypee Infratech Group, promising to help the people get possession of their houses on time.
The homebuyers, most of whom have invested their lifes savings, have sought the governments intervention after the National Company Law Tribunal admitted an IDBI Banks insolvency plea against the real estate company last week.
We are on the buyers side and will do everything to see that they get possession of their flats on time as promised to them by the developer, chief secretary Rajive Kumar said.
He said the company had submitted to local authorities a phased time-bound plan for handing the flats.
If the company honestly follows the plan, the governmen…