India, May 3 -- A ray of hope has emerged for thousands of homebuyers who have been waiting for years to take possession of their stalled homes launched by the embattled firm Jaiprakash Associates Limited projects along the Yamuna Expressway.

The Yamuna Expressway Industrial Development Authority (Yeida) has announced that it will step in with its own funds to complete 12 unfinished projects that the Jaypee Group failed to deliver. To further support affected buyers, Yeida will also launch a dedicated online portal, offering a centralized platform for real-time updates, official communication, and refund requests, a report published in the Hindustan Times newspaper said.

During a meeting with affected homebuyers on May 2, Yeida CEO Arun...