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The Noida Authority has ordered a structural audit of the Great Value Sharnam project after residents reported peeling plaster and exposed reinforcement bars in multiple towers and the basement. An inspection also found water leakage and seepage affecting columns and beams, requiring the developer to investigate and repair structural defects.
11:52 PMEconomic Times Realty
Suraksha Group has invested about ₹1,500-2,000 crore since acquiring Jaypee Infratech and plans to spend another ₹3,000 crore to complete the remaining residential towers by September 2028. It also plans three integrated townships across roughly 465 acres.
8:11 AMEconomic Times RealtySummary
The Noida Authority has ordered a structural audit of the Great Value Sharnam project after residents reported peeling plaster and exposed reinforcement bars in multiple towers and the basement. An inspection also found water leakage and seepage affecting columns and beams, requiring the developer to investigate and repair structural defects.
The authority's order shifts the matter from resident complaints to a formal safety review. Residents
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A formal structural audit can establish whether visible deterioration reflects maintenance problems or a broader safety risk.
Summary
Suraksha Group has invested about ₹1,500-2,000 crore since acquiring Jaypee Infratech and plans to spend another ₹3,000 crore to complete the remaining residential towers by September 2028. It also plans three integrated townships across roughly 465 acres.
The additional ₹3,000 crore commitment sets a clearer construction and delivery timetable for Jaypee homebuyers,
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The plan offers Jaypee homebuyers a defined path toward possession, while making execution discipline the key test of Suraksha's takeover.
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