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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: June 18 2021
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  • Re : Jaypee Greens Wishtown, Noida

    I will visit the area this or next week, will post update
    Venky (Please read watch a or before posting)

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    • Re : Jaypee Greens Wishtown, Noida

      I visited the Jaypee site this Sunday. Very deep digging for Klassic has been completed and foundation is being built. Concrete mixers are in evidence. The Klassic towers have been marked out and the steel rods are in place for the foundation in many of the towers.

      The entire Wishtown area looks like a masive construction site, which it is. Construction activity is on at a really grand scale. Acres and acres of digging and earth movers. Bigger than any construction site I have ever seen in my life.

      It is not clear whether Kosmos digging has started. Most of the site is covered with earth moving machinery, but they seem to be levelling the site with the material dug out of Klassic foundations. Some digging is going on in Kosmos site, but this could be the Klassic towers which are just behind Golden Gate. Even discounting for this, some of the Kosmos towers do look like they are being dug, towards the back.

      I did not want to ask anybody, because of the unsavoury reputation of this part of NOIDA for mugging and other criminal activity.

      A lot of other construction work is also going on in the rest of Jaypee sites. Jaypee IT college is being built. JP school and hospital sites are being dug up. There is levelling (or dirt dumping, not sure which) on the sites of JP commercial.

      The flyover for the JP greens has further progressed with improvement of the approach roads. Most of the construction trucks are moving on the flyover.

      JP site office has updated their model for wishtown, putting in the Golden gate and revised location for Klassic towers. Kosmos latest plan tower has been updated.

      Office is still crowded with prospective buyers. I had a nice lunch in the JP greens staff canteen, which was a posh place.

      It is not clear how the approach road to Jaypee is going to be planned, and whether there is an exit on to the flyover planned next to Sector 93 B. Otherwise getting to JP by expressway will not be easy. Most likely, the first and only exit from the expressway will be by clover leafs on the 93B flyover, which one will have to take for JP. But I am guessing.

      All other expressway projects will have to exit the expressway a long time before the project and will have to follow a complicated sector road route to reach them. There are very few exits on the expressway. Lotus 3c is a case in point. Once the sector road is built, entry to 3C will be BEFORE the expressway even starts, right at Mahamaya flyover and will be approached by sector roads only.

      I am not sure how 135 and 137 sectors will be approached.

      Anybody know the traffic route plans?
      Venky (Please read watch a or before posting)

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      • Re : Jaypee Greens Wishtown, Noida

        Kosmos and My Dilema

        What a Good Site!!!!!!

        I booked in Kosmos with down payment Plan and got 15% discount but have changed my mind since considering risk ,delayed projects etc ,got pro allotment letter and receipt for booking amount 2 Lakh and demand notice for rest of payment within 30 days or 18% intrest charge if payment not made in time.

        Wrote a letter asking them to switch to construction link plan ,they acknowledged by sending email that they will do the change and send me amended papers but have not heard back despite reminders .

        What to do ? Was it ok to switch from Down payment to CLink Plan ? Lost 15% discount.
        Last edited January 2 2016, 05:41 PM. Reason: Text formatting.

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        • Re : Jaypee Greens Wishtown, Noida

          I retract my earlier statements about JP location. Apparently they will not be approachable from the expressway, only by sector roads.

          That makes JP location very poor and no longer fantastic. 3C Lotus boulevard and espacia are much closer to the DND flyway and are much better located than JP for Delhi people, if both projects have to be approached by sector roads.
          Venky (Please read watch a or before posting)

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          • Re : Jaypee Greens Wishtown, Noida

            Venky, admire your honest opinion recommending people not to invest in Jaypee as far as I believe you've invested in Jaypee Kosmos & some people (usually investors for profits) recommend their own projects to increase cash-flow for the builders so construction may happen faster & it's sold-out to be safe.

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            • Re : Jaypee Greens Wishtown, Noida

              Hi reals, I booked after a lot of research and chose JP for location, better floor plan and higher carpet area to super area ratio compared to 3C for the same area of flat. Also because Jp was a township. Price psf was same for both when I booked.

              I made my decisions on the same arguments and logic I keep presenting on this site.

              Yes, I ignored internet chatter because I have been on it for 12 years and know what to believe and what not to. I believe JP is high risk, high reward (might be wrong). You are mistaken about the power of these discussion boards, very few people who invest in RE use or read them. Opinions expressed here have no influence - it is the gossip circle of broker/dealer who influence projects - mainly based on discounts recieved and talking points - eg. JP is a very big group, 3C is the best quality, is green etc etc. Mostly, internet chatter is pessimistic.

              I would still recommend JP as second best after 3C (as I did 3 months ago) because the project is near sold out and will go forward. JP has enough money and did not pay for the land which was acquired and allotted by Yamuna expressway. Their only expense is paying for the Yamuna expressway from their pockets, which is full with private equity with JP Associates right now.

              They have little interest costs (I would also recommend their shares, down 6% today and likely to go down further - a superb buy if it falls below 100). Their business model is different from all other RE companies and IMO a winner, thanks to the last 6 months.

              Apart from 3c boulevard/espacia, glory, saphire and JP I have reservations regarding all other so-called expressway projects. 3c boulevard is the best - their door and window quality is excellent. Approach roads are excellent and direct. But rooms are small.

              I saw the construction today, Kosmos is being built on a war footing. Towers 1-50 deep excavations almost complete, foundation concrete pouring started.

              Towers 50-80 still grass fields. Fencing is ongoing, not complete. Be more careful of towers after 50. But slow construction is not necessarily a bad thing in a CLP.

              Very disappointed about the e-way entry and exits.

              Hope this helps,

              Venkat
              Last edited February 5 2010, 08:42 PM.
              Venky (Please read watch a or before posting)

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              • Re : Jaypee Greens Wishtown, Noida

                Venky, thanks for all the info and analysis. This is really helpful. I visited JP wishtown couple of days back. The current project they are pushing is Keingston at around 2600 psf. What are your views about Keingston.

                Also how would you compare it to 3C.

                They are saying it will take 3 years for the project to be complete (the JP guy kept stressing the fact that its 3 years from when you sign the papers, i later thought if some of the units are sold 1 year from now how will they give me an apartment in 3 years and the other guy in 4 years in the same building )

                But anyway assuming that it will take 6-7 years for the area to develop and have some rental income, do you think it is a good buy (are we getting compensated for the risk, just from risk-reward balance).
                Last edited January 2 2016, 05:42 PM. Reason: Text formatting.

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                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by Venkytalks View Post
                  Apart from 3c boulevard/espacia, glory, saphire and JP I have reservations regarding all other so-called expressway projects. 3c boulevard is the best - their door and window quality is exent. Approach roads are exent and direct. But rooms are small.

                  Venkat
                  Venkat, could you please comment on Logix. From the very same reasoning, it stands out in its good carpet area to super area ration, good location and good reputation in IT sector.

                  Please do let us know your thoughts on Logix Blossom County

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                  • Re : Jaypee Greens Wishtown, Noida

                    hi ank,
                    i am too waiting to buy a home........there r around 60,000 flats which are going to come up in 3 yrs. in noida.......and the rates r gonna stagnate........so hold on. also, its better to buy thru owner if u know them, or else these agents who hav picked up flats will not let u get any deals.

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                    • Re : Jaypee Greens Wishtown, Noida

                      Sachin, I have discussed Kensington in detail elsewhere.

                      Lohan, I have not looked into Logix and other new projects.

                      Neeta, I totally agree. Buying a flat in NOIDA for investment or rental yield in todays scenario is silly. Better to wait and buy elsewhere.

                      Buying in NOIDA for own use is still sensible - rates going down so much (2500 or so from 3000) also helps!

                      I believe the area (ie. NOIDA) will be one of the best places to live in NCR 10 years from now. Better than Gurgaon, where infrastructure is breaking down
                      Venky (Please read watch a or before posting)

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