India, April 24 -- Suraksha Group-led Jaypee Infratech on April 24 assured nearly 20,000 homebuyers, who have been waiting for their homes for over 15 years, that it would invest close to Rs.5,500 crore over the next three years to complete the stalled housing projects and adhere to the deadlines outlined in the approved resolution plan.

"We want to assure homebuyers that we will abide by whatever timeline we have committed in the resolution plan," JIL CEO Abhijit Gohil told reporters.

JIL's executive director Jash Panchamia said the total construction cost is estimated at around Rs.5,500 crore and that the company has a credit line of around Rs.3,000 crore to meet the construction cost.

"The construction cost for JP Wish Town's pendin...