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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  • Puravankara - Puravankara Projects Ltd reply to clarification sought by the exchange

    Puravankara - Puravankara Projects Ltd reply to clarification sought by the exchange
    The Exchange has sought clarification from Puravankara Projects Ltd with respect to the news media report appearing on CNBC TV18 on November 25, 2014 titled "Puravankara initiates talks to buy land from Jaypee Infratech Ltd"

    Puravankara Projects Ltd has replied stating that "we would like to clarify that neither Puravankara Projects Limited nor any of its its Subsidiaries / Associates have been in talks with M/s. Jaypee Infratech Ltd or any other person for purchase of any land in NCR Region.

    We are only considering Joint Development opportunities at this point."
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  • Yup! Jaypee is exploring joint collaboration for developing wishtown ... Dekho kya hisaab banta hai

    Puravankara may join hands with Jaypee enter North India

    Jaypee ki koshishe:
    1. Selling land parcel to lessen debt (hopefully for borrowing more money for paying contractors for launched projects).
    2. Joint development with other builders like Puravankara to launch new projects or better manage already launched projects.
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  • Puravankara Projects Limited

    The rumored deal with Puravankara as was reported on CNBC is worth just 200-250 crores.

    On debt of somewhere between 60,000Cr to 80,000 Cr at interest rate of 12-13% this will bring enough cash to pay interest for around 1-2 weeks only.
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  • Jaypee Infratech has debt of only 6K Cr and most of land bank is with JPI itself.... Rest 50-54 CR debt is with with JPA and JPP...

    yes total debt is close to 60K Cr..
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  • Jaypee wishtown....a TOTAL screw up now.....

    Remember Noida authority WILL NOT be developing or maintaining this huge land parcel

    Jaypee was expected to maintain roads, sewage, water, etc

    With land parcels now sold to builders its all set to be Crossings Republik of Naveda

    Jaypee will FOR SURE charge.higher.maintenance which will be used to steady their financial mess

    Jaypee is in deep shit and i had even started a thread abt it in 2012, but as usual people hate to hear negative....

    Bop got land from jaypee instead of brokerage charges...and me being ex-bop have enough friends still there who give me info abt meetings, etc

    Small parcels of land are still there in jaypee GC side also...and it too shall be sold

    All in all.....a similar story of naveda.....screwed up a great future

    Noida is all set to be "jamna paar extension"

    And jaypee

    A collabration of builders all interested in loot....

    Enjoy
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  • Wish Town

    Good wishes to Wish Town........with turnaround in the economy I am sure Wish Town (GC SIDE) will sparkle in days to come.....be optimistic. JP Group is well known for producing some massive infrastructure projects within definite time plans.......like 1000 MW Karcham wangtoo hydel project on a 100 meter high dam on river Satluj in HP, 900 MW Baglihar Hydel project a 144 meter dam on river Chenab in J&K, Yamuna express way, Zirakpur- Parwanoo expressway, some massive Cement plants and many other projects.... JP Group has contributed meaningfully in making Himachal Pradesh a electric power surplus state....all these projects are national treasures and known for there scale and impact on society, all over the world.....Group is passing through some tough times due to debt but so are other known infrastructure companies ....with turn around in the economy the group is likely to bounce back strongly.
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  • Originally Posted by sanjeev1841
    Good wishes to Wish Town........with turnaround in the economy I am sure Wish Town (GC SIDE) will sparkle in days to come.....be optimistic. JP Group is well known for producing some massive infrastructure projects within definite time plans.......like 1000 MW Karcham wangtoo hydel project on a 100 meter high dam on river Satluj in HP, 900 MW Baglihar Hydel project a 144 meter dam on river Chenab in J&K, Yamuna express way, Zirakpur- Parwanoo expressway, some massive Cement plants and many other projects.... all these projects are national treasures and known for there scale and impact on society all over the world.....Group is passing through some otugh times due to debt but so are other known infrastructure companies ....with turn around in the economy the group is likely to bounce back strongly.


    whether economy gets turned around or not, its not the problem of those who paid money for their houses years back and waiting for possession. the problem is very simple, builder took money for one project (wish town) and used that for its other projects.
    i think its better if Jaypee delivers fast, otherwise it will be drowned in court cases for years. there is an urgent need for RE regulator. I m not sure if there is escrow a/c kind of thing for each project.
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  • The problem dear is that....jaypee is selling land in a township which was suppossd to be planned, maintained by them. Now their plan is going for a toss and other builders will now be a part of township...which is a BIG negative.
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  • Originally Posted by zohaib2012
    The problem dear is that....jaypee is selling land in a township which was suppossd to be planned, maintained by them. Now their plan is going for a toss and other builders will now be a part of township...which is a BIG negative.


    Who in ur view spoil the towenship? DLF or M3M or Purvankara or Mahagun?
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  • AND FOR THE LAST TIME gentlemen........No govt. ...No party....will have a practical consumer friendly RE bill as each and every party has netas who are heavily invested in RE....majority babus and netas take trillions worth of commission from RE industry

    Its their biggest cash generator and no party will ruin it

    And its YOUR money...and its HIGH TIME...people start using their heads properly....

    If u r an educated buyer...with proper questions and talking relevant issues....then u dont need anyone....
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  • Originally Posted by rahulkumar12
    Who in ur view spoil the towenship? DLF or M3M or Purvankara or Mahagun?



    ALL !!!

    Jayper wishtown had a plan ... which can be now tossed out.

    Master plan ka matlab kya hota hai ???

    Development is in planned way as per certain density and usage

    Naveda main master plan is toilet paper...aur ab jaypee followed same

    Loot hai loot....

    U.p hai u.p....yahaan kucch na hoga....
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  • Originally Posted by zohaib2012
    ALL !!!

    Jayper wishtown had a plan ... which can be now tossed out.

    Master plan ka matlab kya hota hai ???

    Development is in planned way as per certain density and usage

    Naveda main master plan is toilet paper...aur ab jaypee followed same

    Loot hai loot....

    U.p hai u.p....yahaan kucch na hoga....


    Can you let go of the word "Naveda" coz your comments are anyway quite irritating, don't add more to it ... :)

    Besides, the song "I hate you like I love you" fits you perfectly give the fact even if you hate Noida RE so much, you show excessive love towards it by being so active on Noida IREF. Try demystifying that if possible, people may start liking you.
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  • Sacch kadwa hota hai

    I am.not an idiot to be on forums to be "liked"...dankey ko chot pe fact samney rakhta hoon ..no diplomatic crap...jisko cross check karna hai karo...likr, unlike karney se kucch nahij hota

    I was first one and the only one who mentioned problems of noida which will convert it to naveda

    Then also people like u protested

    Today same people are protesting outside builders offices and shooed away

    Facts dekho, samjho aur phir action lo

    Emotional honey ki zaroorat nahin

    Naveda to abhi barbaad hona shuru hua hai....aagey aagey dekhna....jab yeh high density concrete jungles occupy hongey to kya kya hoga....dekhtey jao dost....3-4 saal ki baat hai bas....indirpauram waaley will feel grateful they are living in gzb and not naveda :)
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  • some hard hitting facts reflected by Zohaib........however being optimistic ..........things may not be that scary....there is a wind of change .......realisation on the part of politicians that only devlopment can bring them back to power has seen some frantic decisions on part of govt in many states including UP ad Haryana.....further IT Officials raid on noida chief engneers house .....vibrant media.....very informed and agile public......gives some hope for the begning of this change.......and if this change comes...and with some inherent positives that noida have...there is hope....noida has future...no body can deny that.
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