new delhi debtridden jaypee group is targeting to complete the construction of pending 24000 flats in noida by 2020 at a cost of about rs 8000 crore and deliver it to home buyers a senior company official said on thursdaycrisishit jaypee group needs rs 8000 crore to complete incomplete flats of which rs 6000 crore would come from home buyers while another rs 20002500 crore needs to be infused jaypee advisor ajit kumar saidin 2007 jaypee group started the development of 32000 flats and plots in its township wish town at noida of which nearly 8000 units have been delivered so farof the total flatsplots jaypee infratech which has already gone into insolvency began work on 28000 units while the remaining 4000 units were with jaypee groups flagship firm jaiprakash associatessubject to orders of supreme court and national company law tribunal nclt we intend to complete and deliver all 32000 units by 2020 jaypee advisor ajit kumar told ptihe said the group has already delivered 6300 flats and 1500 plots so far and the target is to handover 5000 units by junewe have applied for occupational certificate for 1500 units and in process to do so for another 3500 unitsthe group would pay compensation to home buyers for the delays in possession of flats he addedkumar said jaypee group has enough assets including vacant land parcels to pay all bank duesat present kumar said the group is investing about rs 2030 crore a month on construction and the fund is coming from toll collection of yamuna expressway and home buyersjaypee group is facing huge protest from home buyers due to significant delays in delivery of real estate projectsjaypee infratech has been taken over by a ncltappointed insolvency resolution professional irp for recovery of bad loansa few months ago the nclt had admitted the application by an idbi bankled consortium seeking resolution for jaypee infratech under the insolvency and bankruptcy codemoving ahead with the process irp anuj jain had on october 27 issued a public notice seeking applications from entities with regard to resolution of jil several players have submitted expression of interest eois the resolution plan needs to be approved by the creditors and the ncltjaypee infratech which is into road construction and real estate business has constructed the yamuna expressway connecting delhi and agra