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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: August 17 2020
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  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by Aviral79 View Post
    Once this chip facility comes to Noida, it will be a huge push for the region and a sort of a game changer if Akhilesh and his Govt doe not screw this up.

    Jaypee is part of this consortium so no prizes for guessing that it will structure this around its RE business model to give maximum benefit to its projects and its investments.

    As Karnataka dithers, Rs 50,000 crore chip fabs may go to Gujarat and Noida - The Times of India
    since i work for semiconductor companies the time i started working , I can say one thing this will be huge for people working in semiconductor companies and second thing it willl be huge for our import getting reduced to few billion $ and close to 50 billion $ by 2020 .

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    • Re : Jaypee Greens Wishtown, Noida

      Jaypee PH4 or Kalypso, what is a better buy at today's rates?

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      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by Prithu View Post
        Jaypee PH4 or Kalypso, what is a better buy at today's rates?
        Kalypso


        Sent from my iPhone 5 using Tapatalk

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        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by Aviral79 View Post
          Once this chip facility comes to Noida, it will be a huge push for the region and a sort of a game changer if Akhilesh and his Govt doe not screw this up.

          Jaypee is part of this consortium so no prizes for guessing that it will structure this around its RE business model to give maximum benefit to its projects and its investments.

          As Karnataka dithers, Rs 50,000 crore chip fabs may go to Gujarat and Noida - The Times of India
          This will be a great source of income for MSY and BMW.

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by dineshsays View Post
            JP land is 100% clear - clear cut SC Ruling. Even farmers dont hv any interest. I met a leader who plays in Noida GC - even he said he was targeting 100 parcels but not the JP one.

            Venky bhai ne ruling bhi daali thi. Aparently NA n JP contested this together (as this was compensation by NA for JP for YEW etc)

            Sent from my GT-I9300 using Tapatalk 2
            Title is clear, except for small disputes - but the land bill recently passed has a retrospective clause.

            Only in India do we have such retrospective ligislations.

            Its impact on JP I dont know - probably it will only impact NOIDA authority and not JP.

            But NA might retrieve their expenses by jacking up the stamp duty or lease rent - which might get passed on.

            Bloody Congress. First we got service tax. Then land act. everything to make housing expensive. Future looks bleak.

            But real estate regulator - or Lok Pal - will never see the light of day.
            Venky (Please read watch a or before posting)

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by Venkytalks View Post

              Title is clear, except for small disputes - but the land bill recently passed has a retrospective clause.

              Only in India do we have such retrospective ligislations.

              Its impact on JP I dont know - probably it will only impact NOIDA authority and not JP.

              But NA might retrieve their expenses by jacking up the stamp duty or lease rent - which might get passed on.

              Bloody Congress. First we got service tax. Then land act. everything to make housing expensive. Future looks bleak.

              But real estate regulator - or Lok Pal - will never see the light of day.
              Does the retrospective clause apply to the part about increase in super area?

              How sure are you about this?

              Sent from my GT-N7100 using Forum Runner

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              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by Dikraa View Post
                Does the retrospective clause apply to the part about increase in super area?

                How sure are you about this?

                Sent from my GT-N7100 using Forum Runner
                Super area increase has nothing to do with the land bill.

                Please dont confuse real estate regulatory bill (in limbo) with its super area increase prohibition with the land acquisition bill which is for compensation of farmers.

                What the retrospective clause means is that if the farmer sold land for development to govt or private hands, now there is increased compensation and this is retrospective for 5 years.

                Since YEIDA acquired the lands and then transferred it to JP under either itself or under Noida Authority for Wishtown, this will be treated as government acquisition and those farmers will might get more compensation because of such retrospective clauses. Some land was acquired in 2008 i.e borderline time period, others much earlier. One has to see.

                Question is - will it be borne by YEIDA or NA or will they try to pass on the costs to someone else = Jaypee = you and me
                Venky (Please read watch a or before posting)

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                • Re : Jaypee Greens Wishtown, Noida

                  Venky, IMO this can impact the builders but it cannot impact the buyers who have already bought. Its like you have signed a contract for a prodict and now if the inputs cost increases the seller still has to honor the contract. So the builders may need to pay more to farmers but they cannot ask existing buyers more money. they can only ask for a higher price to new buyers. What do you think?

                  Originally posted by Venkytalks View Post
                  Super area increase has nothing to do with the land bill.

                  Please dont confuse real estate regulatory bill (in limbo) with its super area increase prohibition with the land acquisition bill which is for compensation of farmers.

                  What the retrospective clause means is that if the farmer sold land for development to govt or private hands, now there is increased compensation and this is retrospective for 5 years.

                  Since YEIDA acquired the lands and then transferred it to JP under either itself or under Noida Authority for Wishtown, this will be treated as government acquisition and those farmers will might get more compensation because of such retrospective clauses. Some land was acquired in 2008 i.e borderline time period, others much earlier. One has to see.

                  Question is - will it be borne by YEIDA or NA or will they try to pass on the costs to someone else = Jaypee = you and me

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by Venkytalks View Post
                    Super area increase has nothing to do with the land bill.

                    Please dont confuse real estate regulatory bill (in limbo) with its super area increase prohibition with the land acquisition bill which is for compensation of farmers.

                    What the retrospective clause means is that if the farmer sold land for development to govt or private hands, now there is increased compensation and this is retrospective for 5 years.

                    Since YEIDA acquired the lands and then transferred it to JP under either itself or under Noida Authority for Wishtown, this will be treated as government acquisition and those farmers will might get more compensation because of such retrospective clauses. Some land was acquired in 2008 i.e borderline time period, others much earlier. One has to see.

                    Question is - will it be borne by YEIDA or NA or will they try to pass on the costs to someone else = Jaypee = you and me
                    You are right; the super area issue is dealt in the real estate regulatory bill, while compensation for farmers is dealt with in the land acquisition bill. As far as retrospectively of the land acquisition bill is concerned, to my knowledge if the award for any acquisition under the current land acquisition act has not been made till the coming into force of the new bill, then the compensation and rehabilitation would have to be provided as per the new law. Also if the award of compensation was made five years or earlier but compensation has not been paid as yet or physical possession has not been taken then existing land acquisition proceeding would lapse and fresh proceedings under the new law would have to be undertaken.

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                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by Aviral79 View Post
                      Venky, IMO this can impact the builders but it cannot impact the buyers who have already bought. Its like you have signed a contract for a prodict and now if the inputs cost increases the seller still has to honor the contract. So the builders may need to pay more to farmers but they cannot ask existing buyers more money. they can only ask for a higher price to new buyers. What do you think?
                      You wish.

                      Let me give you an example - one of the worst investment decisions of my life was to buy a built up unit of greater noida authority. 120 sq mt plot with 2 bedroom house fully built up and expandable. Total cost plus registry is 44L (plus 3-4 L fine which can be attributed to me but GNA charges massive interest rate) - anyhow it sounded quite good. Own plot with own expandable house, up n coming area.

                      The issue is 2 fold - resale rates are anywhere between 38-42, GNA has stopped ALL development in that area (huge land for roads etc available - just no roads), AND have now said one has to pay an addnl 1.8 L over 3 installments so that GNA can pay addnl compensation to farmers. Now if this one comes into effect retrospectively - I dont know how much more they will charge. Infact the COURT has said recover from existing allottees.

                      So my friend GNA is doing this themselves. They will be very very sympthetic for builders to recover for you and me. Or they will recover by increasing (doubling) circle rates or some such stunt

                      One should really wish that for WT land JP does not hv to pay addnl compensation.

                      Anyhow I think with this investment in RE has become so much riskier that I feel really let down by these authorites / politicos /builders actions.

                      Sent from my GT-I9300 using Tapatalk 2

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