# Jaypee Homebuyers' Complaints Valid, Suraksha Group Breached Plan

> Independent committee confirms Jaypee Infratech homebuyers' complaints over delays, construction quality, and fund diversion as Suraksha Group breached resolution plan.
- Title: Jaypee Homebuyers' Complaints Valid, Suraksha Group Breached…
- Summary: Independent committee confirms Jaypee Infratech homebuyers' complaints over delays, construction quality, and fund diversion as Suraksha Group breached…
- Keywords: jaypee infratech, suraksha group, resolution plan, construction quality, homebuyers complaints, fund diversion, labor shortages, real estate projects, Jaypee, Homebuyers', Complaints, Valid
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-homebuyers-complaints-genuine-suraksha-group-breached-resolution-plan-panel/articleshow/134794539.cms
- Author: Faizan Haidar
- Published: 2026-10-08T15:36:00+00:00
- Read time: 1 min
- Topics: jaypee infratech, suraksha group, resolution plan, construction quality, homebuyers complaints, fund diversion, labor shortages, real estate projects
## Independent Committee Validates Homebuyer Complaints
An independent committee confirmed Jaypee Infratech homebuyers' complaints about construction delays, poor quality, labor shortages, and fund diversion.

> The committee has confirmed the points we have been raising for quite some time.
## Suraksha Group Breached Resolution Plan
The committee found Suraksha Group failed to complete projects as promised, breaching obligations for thousands of allottees.

> The SRA has failed to complete the projects as promised in the resolution plan, thereby breaching its obligations for thousands of allottees.
## Construction Quality Concerns
The committee observed Suraksha Group using non-prime steel, contradicting homebuyers' reports of prime steel usage.

> While the SRA has claimed to be using Fe 550 grade steel, the Committee finds the concerns of the homebuyers to be genuine.
## Labor Shortages Impact Construction
Only 3,500-4,000 laborers were visible at sites, far below the 12,000 required for 97 stalled projects.

> The committee considers inadequate labour engagement to be one of the principal reasons for delay in construction.
## Working Capital Diversion
Suraksha Group failed to arrange Rs 3,000 crore working capital within 90 days, breaching resolution plan terms.

> It is an undisputed fact that the SRA has failed to arrange such sanctioned working capital till date.
## Fund Diversion to Mutual Funds
Funds were diverted to associate entities and mutual funds, breaching trust as Project Monitoring Committee was nominal.

> This constitutes a serious breach of trust, as funds earmarked for construction were misapplied.
## Homebuyers Waited Over a Decade
Approximately 20,000 families in Jaypee Wishtown, Noida, waited over 10 years for homes.

> According to homebuyers, about 20,000 families in Jaypee Wishtown, Noida, have waited for more than 10 years for their homes.
## Key takeaway

An independent committee found Suraksha Group breached its resolution plan by failing to deliver homes, using substandard steel, and diverting funds.