Tata Housing, Lodha Group keen to buy Jaypee’s Yamuna Expressway Real...

    Tata Housing, Lodha Group keen to buy Jaypee’s Yamuna Expressway

    Real estate developers Tata Housing and the Lodha Group have filed initial bids for debt-laden realtor and road builder Jaypee Infratech, the fate of which is now being decided at the Supreme Court and the National Company Law Tribunal (NCLT), the country's dedicated platform for insolvency resolution.
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    Yamuna Expressway

    Two people familiar with the bidding process told ET that both property companies are keen to own Jaypee’s Yamuna Expressway, a prime concrete road project that starts at the eastern end of Noida-Greater Noida Expressway and runs up to Agra. The Yamuna Expressway carries heavy traffic at a toll of slightly more than Rs 2 a kilometre for a car.

    The property’s richest attraction is its extensive land bank, with facilities either proposed or already functioning in the immediate vicinity of the access-controlled motorway.

    Info-economictimes

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