ajng

Two months back Jaypee group launched moon court apartments. I had booked one apartment. Later after one month company gave the suzuki car for people booking the flats. This car cost around 8 lakhs. By doing so jaypee gave the discount for new purchasers while earlier buyers didnt got anything.

By doing so company reduced their property prices in very short time i.e month or so thus bringing disadvantage to me.

Can somebody tell me how convince Jaypee that similiar facility shall be given to me also.

rishiruskin

hiii there.....

Can you tell me more about the moon court and Jaypee group

ajng

I had booked the flat last year and jaypee said that they will start construction in three months but till now nothing has happened at site.
No commiotment by Jaypee when they will start. I think they cannot complete the project in time. Perhaps they have not got enough bookings to start the project or else they have to reduce the price.

rishiruskin

i thinki ur right..today i spoke to one of their associates and hes offering me a 3 BHK for 90 lacs...he also said u can just pay 15 percent n rest banks r goona fund it ..ur EMI starts after 36 months once ur project is completed, He also said u will get nearly 2 lac as rentals there...

ajng

How can u get this high rent in greater noida. Do you know the name of sales person who said so.
Have Jaypee given in writing to you that project will be completed in 36 months.
Be careful with Jaypee. Their sales guys only talk but never gives anything in writing. Later you have no record.
Do u think with present situation they can sell flats at 90 lacs.

amit_2009

That is outright fraud! Stay away from that person/associate/broker if you want to save your hard earned money.

rishiruskin

thanks for ur reply amit....for the past few days i have been researching lot of properties as i m looking forward to invest....Well i have been tracking newspapers consistently and found investor clinic add in bulk...so decided to have a meeting with them...

In meeting i was made to speak with the director...he first asked me whats my budget n requirement n straight away targeted Unitech Unimhomes...his comments... this is a lifetime oppurtunity to invest in as unitech wants to make a comeback in the real estate market.(coz of their low prices it has never happened before n unitech will never do this again)....i didnt show much of interest then he shifted the whole conversation towards Jaypee Wish town Klassic and AMR Kessel Vallry-i........

I was made to see the sites immediately accompany by one of their executives....

I would like to highlight the points which the IC guys told me.....

Firstly they said IC(investors clinic) is not any broker...they have a dedicated team which studies all the minute details of the builders operating in noida...and they do not sell all projects in noida but only those which have potential......

They said Jaypee is the biggest group operating in noida n greater noida as they r the DLF of gurgaon...

they said Jaypee has got land from the govt worth Rs 3300 crores absolutely free and in return they r making taj/yamuna expressway for the govt.....

also they said tht they played a major role in selling AMAN and it just took them 3 days to sell of the whole project...

During my site visit i was made to c JAypee greens...On the very first look i like it and then they kept on saying all the good things about Jaypee...

Now what he said abt Klassic was its right in front of ATS greens and the property prices there r 6000 rs psf....he said its a sure shot win win investment....after 3 yrs that is at the time of possession ur property prices will be doubled.....they r offering me Simplex apartments and on asking whats the USP of simplex...he said its very near to commercial and world class business offices like the one in dubai and close to 5 star hotel which jaypee will build on their own and all of these will be a part of the WISH town Klassic...on asking when will everything be completed he said once residential will be built then only co will come out with the commercial....


This whole township is about 1100 acres and he said jaypee will develop these in phases...but still i didn’t get the clear picture when the whole township will be developed....Klassic is just a part of wish town and tht too just 40 acres....n i think its about a year since klassic is been launched dunno when other things will be launched and when the whole township will be developed may be 15 yrs i think....

Also he kept on forcing me to book it asap ...decide in just 3 days showed his cell tht they r left out with very less inventory...this will be the best property of NCR n bla bla bla...then he said come with cheque book next time or dnt come coz thers scarcity of apartments....

then he talked abt the subvention scheme....hes saying klassic is been funded by banks and on receiving 15 percent from me banks will fund rest 85 percent in rest 3 yrs and my emi will start after 24 months....

If Jaypee is such a renowned group then why such schemes..dont really understand tht...

On my second visit to Jaypee greens saw the site where moon court will come...nothing is been done yet...co executive said tht we clearly mentioned that the construction starts in august this year and we have a penalty clause if we delay the project...he said we start the construction only when the project is 60 percent sold...for moon court he said its 65 percent sold out so v r now strtng construction soon n then by the time i was leaving he said sir hurry up with ur descision as v r left out with very few flats.....also he was offering me 15 percent dis on the price of 5400 for down payment...for CLP he told we can offer you a tht portion of dis which we give to the brokers in form of commission....

The only reason for me choosing the IC was coz these guys r the underwriters and they have underwrite 2 towers that is B3 and B6 in Klassic....


But i still believe thers something fishy with Jaypee and its really not the right time to invest...any broker u go they have a reason to fool around people (just by UPA coming in and stock market going to a certain level dosent mean its bullish again)....but they keep on chanting tht its the right time to invest...market has bottom out ...corrections r done n bla bla...


this forum is definitely very educative and i m proud to be a member of it...

I want all you people to share ur experiences and comments on Jaypee

Regards
Rish

sharmafire

I have the expereince of dealing with Investor clinic and I have done a second deal with them recently when I booked JP Aman flat through them. They are very good people and very friendly. Now I fully trust them and will contact them for any investement in Noida and greater Noida. By the way, I would like to add that I am NRI in Qatar and therefore, cant trust anyone except them as they are delivering what they promised to their client.
I have good expereince of dealing with them

rishiruskin

"Jaypee Aman"....Is the allotment done for your flat and did u contact any bank for the loan...and what about the other deal...which project did u invest in and in which year..

rishiruskin

hi..tht was what i was wondering when it comes to rentals and 90 lacs in this market dosent make a sense at all...for moon court i saw the much hyped natural reserve and still lots n lots of work is left out ...lets c whther Jaypee will start the construction in the month of august as told by the co salesman