Lakshadweep, the joint venture between the Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Realty, has offered to bring in Rs 3,510 crore upfront for the 25,000-apartment residential project of the Jaypee Group on Noida Expressway. In addition, Rs 4,000 crore due to the banks is be got from the sale of land parcels of the Jaypee Group. Sudhir Valia is the brother-in-law of Dilip Shanghvi of Sun Pharmaceutical Industries. As per the company's offer, while Rs 750 crore will be brought in through a cash infusion, another Rs 2,760 will be got from the Yes Bank — Lakshadweep will give a bank guarantee till the time a final sanction letter is obtained from the bank. Yes Bank will maintain an escrow account in which all collections from home buyers will be deposited. The Lakshadweep Group has said that if there's any shortfall to complete the project it would bring in additional funds to deliver the homes to the buyers as per the resolution plan.