What do you guys think about Jaypee Greens Wishtown - NOIDA? Is this a good time to buy? Is Wishtown a good investment?

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  • Nice to have met Yash and DK today at WT. Super impressed with how Yash has built up the Knight Court Whatsapp group totalling 85 members.

    Only this morning they took the Gaurs happiness on progress and other matters.

    Total number of workers deployed remains low.

    However Gaur saab seemed positive that timelines will be met.

    One good thing personally was my Tower in Kalypso - paint work has started - so 5-8 months possession may happen but JP speed is JP speed
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  • Originally Posted by dineshsays
    Nice to have met Yash and DK today at WT. Super impressed with how Yash has built up the Knight Court Whatsapp group totalling 85 members.

    Only this morning they took the Gaurs happiness on progress and other matters.

    Total number of workers deployed remains low.

    However Gaur saab seemed positive that timelines will be met.

    One good thing personally was my Tower in Kalypso - paint work has started - so 5-8 months possession may happen but JP speed is JP speed


    Dear Dinesh, feeling is mutual. Really happy to meet you in-person.
    I am fan of your reviews of WishTown. Keep up the good work, many folks are benefited on the same.
    Yash
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  • Good show.

    For national consumer court a single flat has to be over 1 crore not by clubbing multiple flats although it can be tried. Otherwise case will be in Lucknow.

    Consumer court will return our money with 8 to 12 % interest.

    We wont get our flat.

    Jaypee on its own will probably return money even without court case. They have said so twice in meetings. But rate of interest not fixed and likely to be low.

    They give 12% for early payments and company deposits.

    Even without case we can probably get back money plus 12% interest.

    But most of us want our flat not our money back.

    We should go to consumer court after registering flat for extra compensation more than 5 Rs psf per month.
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  • Originally Posted by Newbee00
    Ur Link is not working Aviral :(


    The content may have been removed, or is temporarily unavailable.

    We apologize for the inconvenience. Please try again later.


    Try again .. I tried that link and its working fine
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  • oh yes meeting dinesh and yash is like getting confidence dat we will get what we hv paid for

    dinesh lets form a group for kristal and kasa if possible not only for voicing our voice but to support d larger good of the core team
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  • Otherwise just search in YouTube with the following..... consumer-woes-endless-wait-for-jaypee-home-buyers

    Additionally if anyone wants to participate on the next show please feel free....... Hoping we will get another opportunity soon...
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  • Originally Posted by Venkytalks
    Good show.

    For national consumer court a single flat has to be over 1 crore not by clubbing multiple flats although it can be tried. Otherwise case will be in Lucknow.

    Consumer court will return our money with 8 to 12 % interest.

    We wont get our flat.

    Jaypee on its own will probably return money even without court case. They have said so twice in meetings. But rate of interest not fixed and likely to be low.

    They give 12% for early payments and company deposits.

    Even without case we can probably get back money plus 12% interest.

    But most of us want our flat not our money back.

    We should go to consumer court after registering flat for extra compensation more than 5 Rs psf per month.


    I don't have any investment in JP but have experience of dragging builders in court.

    For taking the matter straight to NCDRC, you are correct that the amount of dispute should be more than Rs 1 Cr. This 1 cr amount includes principal amount that you have already paid to the builder and the interest and penalties that have accrued on the amount as per you.

    Suppose you have paid 75 lacs to the builder for a flat that was supposed to be delivered in 2011 as per PAL or agreement. You can add interest for 3 years to the amount at say 12-18% and on top of it add a few other things too to inflate the amount in dispute, make it above 1 cr and move directly to national forum. Some lawyers will tell you to add interest from the day you booked the flat.

    So your paid amount only is not the criteria.

    PS: I'm not suggesting you to take the legal route. Justice system of our country is rotten. Take the flat if you can by protests and talks etc. Go legal only as last resort.
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  • Originally Posted by Venkytalks


    Jaypee on its own will probably return money even without court case. They have said so twice in meetings. But rate of interest not fixed and likely to be low.

    They give 12% for early payments and company deposits.

    Even without case we can probably get back money plus 12% interest.



    Hi Venky,
    What is the process for same.. I am seriously thinking to surrender my unit in Klassic Shaurya project ..
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  • Originally Posted by Aviral79
    Just incase if you missed this one....

    Consumer Woes: Endless Wait for Jaypee Home Buyers


    One gentleman is telling that he got possesion date of 2015 & his brother got 2016 and both have flat in same floor & in same building.

    this shows that how JP is treating their customers.
    in other countries company treat their customer like king but indian businees/company the moment u paid money then no one cares about customer.
    i always avoid any indian make product but in RE no option ,
    lets hope Modi will allow foriegn players in RE also like in consumer industry.
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  • Originally Posted by ecstasy
    Hi Venky,
    What is the process for same.. I am seriously thinking to surrender my unit in Klassic Shaurya project ..

    If u took loan then the 12% interest u get will be reduced to 8% after taxes and will go to prepay your 10.5% loan.

    After 5 years u will be left with nothing to show.

    You can always phone them and ask for what they promised in 30th August meeting i.e. money back with interest. Ask how much interest they will give.

    If enough people do this they should get shaken up and pressured to speed up. Mass cancellations is the biggest threat we can deliver
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  • Jaypee Greens - Noida

    Originally Posted by Venkytalks
    Good show.

    For national consumer court a single flat has to be over 1 crore not by clubbing multiple flats although it can be tried. Otherwise case will be in Lucknow.

    Consumer court will return our money with 8 to 12 % interest.

    We wont get our flat.

    Jaypee on its own will probably return money even without court case. They have said so twice in meetings. But rate of interest not fixed and likely to be low.

    They give 12% for early payments and company deposits.

    Even without case we can probably get back money plus 12% interest.

    But most of us want our flat not our money back.

    We should go to consumer court after registering flat for extra compensation more than 5 Rs psf per month.



    Consumer Court will get you the present advertised rate of builder which in many cases is at least Rs 500 more than the current resale - there is absolutely nothing doubtfully here. You ask for this and on most cases you also get harassment and legal fee over and above this. The catch is the many years it may take.
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  • Originally Posted by Aviral79
    Consumer Court will get you the present advertised rate of builder which in many cases is at least Rs 500 more than the current resale - there is absolutely nothing doubtfully here. You ask for this and on most cases you also get harassment and legal fee over and above this. The catch is the many years it may take.

    . Usually builders jack up prices 12 to 15% every year. For JP it is less than 12%. Kosmos 2BHK now costs 5071 psf AI while in 2009 it costed 3300 AI both in CLP. (Current AI market price at least 500 psf lower than advertised.)

    That gives you 9% compound interest from sale price to advertised price. Usually court will give capital plus 12% interest.

    You have to pay tax of 30%.

    If you did booking on loan you will gain nothing. All compensation awarded will cover your loan interest cost. Max you will get 5 to 6% on your OWN capital used in booking.

    If you booked without loan then u will get 9% after taxes. If lucky maybe 18% punitive interest will be awarded which means 12% after taxes.

    That kind of small return u will gain anyway and much more when project is delivered. Within 1 year of delivery flat price will zoom.

    Present advertised rate will be for today Resale price is ALWAYS lower than advertised rate until possession.

    Court will decide after 2 years when resale price will be much higher because close to possession.

    I saw Kosmos and Klassic today. Project is not in any danger.

    In fact I thought a buy at BSP below 4000 is a value buy for end users and a good 2 year leveraged investment for a 500 psf minimum gain in 6 months and 1000 psf gain in 2 years.

    Assuming 20% downpayment on 4500 = 1000 you can make 50% within one year and 100% in two years by taking loan.

    There are VERY FEW such opportunities in present market for this type of return
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  • Jaypee Greens - Noida

    Originally Posted by Venkytalks
    . Usually builders jack up prices 12 to 15% every year. For JP it is less than 12%. Kosmos 2BHK now costs 5071 psf AI while in 2009 it costed 3300 AI both in CLP. (Current AI market price at least 500 psf lower than advertised.)

    That gives you 9% compound interest from sale price to advertised price. Usually court will give capital plus 12% interest.

    You have to pay tax of 30%.

    Present advertised rate will be for today Resale price is ALWAYS lower than advertised rate until possession.

    Court will decide after 2 years when resale price will be much higher because close to possession.

    I saw Kosmos and Klassic today. Project is not in any danger.

    In fact I thought a buy at BSP below 4000 is a value buy for end users and a good 2 year leveraged investment for a 500 psf minimum gain in 6 months and 1000 psf gain in 2 years.

    Assuming 20% downpayment on 4500 = 1000 you can make 50% within one year and 100% in two years by taking loan.

    There are VERY FEW such opportunities in present market for this type of return



    Good point. Kosmos an klassic are value at current prices but the Risk is if it goes belly up.

    Do the math with another project regarding current market rate and the result will look different.
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  • Originally Posted by Aviral79
    Good.

    Do the math with another project and the result will look different.

    Yes. For Kasa Krescent etc there has been little movement in prices.

    I dont know present advertised price sale price etc. Havent followed.

    But on rough estimate people will benefit more by return of capital with 12% interesr.

    JP itself should be approached for mass cancellations. That is the best pressure. When they see a big chunk of people ready to abandon ship they will be shaken up.
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