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Jaypee Infratech insolvency: Govt plans selling off assets to finish incomplete flats

Jaypee Infratech is among the top 12 corporate defaulters, which includes Bhusha Steel, Lacro Infratech among others, that the  banks have decided to crack down on. In the case of Jaypee Infratech, about 32,000 people have booked flats but just over 5,500 have received possession.

The launch of this platforms means that now the registered builders can promote their upcoming and ongoing real estate projects on the government portal.
The construction period of the projects is 36 months. As per the plan, the corridors will be constructed 60 meters above the existing NH 1 and 8.
Baba Ramdev's Patanjali Ayurved Ltd is looking to buyout debt-laden infrastructure companies weighed down by stressed assets.

Tata Housing is planning to add 8-10 projects to its portfolio in 2017-18 involving an investment of up to Rs 800 crore, a top company official said.

Buyers can even key in factors like locality, amenities, affordability segment, budget, and even select a builder or project of their choice.
Now one can book air tickets through a new mobile application which will be launched this week by the Railways.
Officials said that builders are reluctant about sharing project and money details despite being categorically warned of the consequecnes.
Train passengers will soon have option of travelling in a new class of Economy AC coaches with fares less than normal 3AC tariff.