NBCC is in the race to acquire Jaypee Infratech Ltd (JIL). In a webinar this Sunday, the NBCC assured homebuyers that its bid is concrete, fully backed by the government and the PSU will complete over 20,000 pending flats on time.
Moreover, home buyers who constitute a majority of the debt are unlikely to support a bid from the very builder which delayed the construction in the first place people familiar with the negotiations said. This offer is too little too late and must not be given importance, they said.