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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: 1 week ago
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  • Re : Jaypee Greens Wishtown, Noida

    My outside limit estimates are:

    They will probably give possession for Klassic in 2013 middle, Kosmos phase 1 in 2014, Kosmos phase 2 in 2014 end/2015 beginning. Kensington, Kasa etc probably in 2015.

    Imperial, pavillion etc will be finished first in 2012.
    Last edited September 12 2010, 12:17 AM.
    Venky (Please read watch a or before posting)

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    • Re : Jaypee Greens Wishtown, Noida

      Possession Dates

      Venky, I hope you are not serious about non Klassic and Kosmos dates.. seeems to be daunting.. Also, in our Allotment letter there is 36 month time frame given. Will we be entitled to INR 5 /Sqft penalty after 36 months of agreed time. Absence of Builder/Buyer agreement make me nervous.

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      • Re : Jaypee Greens Wishtown, Noida

        I am planning to invest in Imperial Court , price seem attractive for non golf course facing side. what is other members' opinion. what could be pros and cons of this discounted offer.

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        • Re : Jaypee Greens Wishtown, Noida

          Anubhav, Imperial court is good for own use - one of the best places to live in NOIDA in the furure - some 4-5 years from now. If you are based in NOIDA, cant think of a better option in this price range and with this specifications.

          Not so good for investment - Gurgaon is a better option available at similar prices.
          Last edited September 12 2010, 04:06 PM.
          Venky (Please read watch a or before posting)

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by amit.sharma80 View Post
            Venky, I hope you are not serious about non Klassic and Kosmos dates.. seeems to be daunting.. Also, in our Allotment letter there is 36 month time frame given. Will we be entitled to INR 5 /Sqft penalty after 36 months of agreed time. Absence of Builder/Buyer agreement make me nervous.
            They are supposed to deliver in mid 2012. Middle of 2013 means builder pays 5x12=60Rs per sq feet = 60,000 Rs for one year delay in 1000 sf apt.

            Builder is collecting 90-95% for the RC alone. So you would have given him 2700x1000 = 27L plus other charges = 35L. Assuming 1000Rs psf for RC work (outside estimate), he would have spent 10L. Rest 25L earns him some 2.5L in one year. For finishing, he requires another 1000Rs (again outside limit) = 10L. If he delays for just 4 more years, he will get the full cost of finishing from interest earned from OUR money - and he gets to keep the capital for himself. Because we are paying 90% of cost upfront - he has every incentive to delay.

            Why would he not pay 5Rs psf? Where else can he access such large capital at such attractive terms?

            The longer he delays, the more money he makes. His only hit is the blow to his reputation and loss of further booking.

            I am assuming that if JP infrastructure want to build any brand value, he will have to desist from such horrendous delays, which are financially rewarding for him. Unfortunately, this has not deterred JP from delays in Pavillion and Klassic of around 1.5 years or more. But because he has a lot of competition now from 3C and Logix (which has decimated JP reputation promting price cuts in Kensington vs. price rise in 3C) he cannot afford any big hits on his reputation.

            BTW, Amit Sharma, where have you booked?
            Last edited September 12 2010, 04:12 PM.
            Venky (Please read watch a or before posting)

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            • Re : Jaypee Greens Wishtown, Noida

              Kindly bear my little knowledge about Jaypee Greens.

              All I want to know whether it is really greens?

              Like Sector 93 B ( Omaxe Forest Spa).

              Also whether JP Greens shall reamin sprawling , full of fresh air , khulla khulla, and shall not be affected with congestion down 10 years?
              Last edited January 2 2016, 05:52 PM. Reason: Text formatting.

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              • Re : Jaypee Greens Wishtown, Noida

                [QUOTE=Venkytalks;107450]
                The longer he delays, the more money he makes. His only hit is the blow to his reputation and loss of further booking.

                Hi Venky,

                For a builder a delay is a bigger hassle than for a customer. More than just reputation and loss of booking which anyway is a huge hit, his entire financials go for a toss. He is already under debt and is paying a very high cost of money to lending companies. One of a friend who is a builder has himself informed me of the perils of delay, his license can be revoked if a consumer puts complaint against him.The case maybe a bit different for JP as a whole due to their political connections and large holding capacity due to the land bank they own, but all in all delay is as bad for a builder as it is for a customer if not more
                MM

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                • Re : Jaypee Greens Wishtown, Noida

                  Dear Colleagues

                  can you advice what discount further can be negotiated for imperial court. i have been offered bsp 4500 . any one booked appt in this project. kindly guide regarding prevailing discounts in addition to DP discount with luxury projects of jaypee.

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                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by anubhaviit View Post
                    Dear Colleagues

                    can you advice what discount further can be negotiated for imperial court. i have been offered bsp 4500 . any one booked appt in this project. kindly guide regarding prevailing discounts in addition to DP discount with luxury projects of jaypee.
                    Anubhaviit,
                    BSP of Rs4500 is CLP with dealer discount included ?

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                    • Re : Jaypee Greens Wishtown, Noida

                      no dealer discount, how much can the dealer discount be negotiated.

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