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

Cheers! :)
Read more
Reply
8001 Replies
Sort by :Filter by :
  • Originally Posted by dineshsays
    12k Cr to build a track and stadium - are u kidding bro

    12k cr was what they spent on building entire YEW


    Yes, 12k cr were used to build YEW and F1 track($400MN - apx 2000 cr -$130 Mn of this money went to bernie ecclestone and lady gaga ass for f1 sponsorship). All of this money came from WT buyers ... All this was done under JP infratech ticker ... Only sector-128 land was retained by JP associates.
    CommentQuote
  • Originally Posted by gareeb das
    Even if they want to run away, now they can't. They are doing bare minimum that is required to show to the world that they are still breathing. Internally they are shattered. The empire created by Jaiprakash ji Gaur is ruined because of poor management & lack of commitment of his son's.

    This generation of Gaur's took the business very lightly & behaved as if nobody can topple them. 5 years back, they were very nicely placed in the market. The opportunities & the assets they had (in terms of land bank etc); it could have been converted into a huge brand name in real-estate in India. But these junior Gaur's have messed - up everything. Still they are living in the same illusion & not learnt any lessons. Even today, if they put few 100 crores in Wish-town, the scenario can change in one year. But the intent is lacking. Wish-town is not in a priority for JP group now. It has become a liability for them.


    completely agree with you , they have still not learnt the lesson and living in illusion and not hired professional to take care of business and ruining the jaypee group
    CommentQuote
  • Originally Posted by mahoba
    completely agree with you , they have still not learnt the lesson and living in illusion and not hired professional to take care of business and ruining the jaypee group[/QUOTE}

    Customers who got chance to meet junior Gaur's & Jaypee management guys in the customer meetings certainly have noticed that they all behave as if they are running a "grocery shop" and not a multi-billion dollar business. No professionalism in their talk, no commitment, no sincerity. The only aim use to be was just to pass 30 - 40 mins talking bull-shit & just run away. They never looked concerned for pains their customers are passing through because of them. Highly insensitive people. Not waking up even today.completely agree with you , they have still not learnt the lesson and living in illusion and not hired professional to take care of business and ruining the jaypee group[/QUOTE}

    Customers who got chance to meet junior Gaur's & Jaypee management guys in the customer meetings certainly have noticed that they all behave as if they are running a "grocery shop" and not a multi-billion dollar business. No professionalism in their talk, no commitment, no sincerity. The only aim use to be was just to pass 30 - 40 mins talking bull-shit & just run away. They never looked concerned for pains their customers are passing through because of them. Highly insensitive people. Not waking up even today.
    CommentQuote
  • Originally Posted by gareeb das
    Originally Posted by mahoba
    completely agree with you , they have still not learnt the lesson and living in illusion and not hired professional to take care of business and ruining the jaypee group


    Customers who got chance to meet junior Gaur's & Jaypee management guys in the customer meetings certainly have noticed that they all behave as if they are running a "grocery shop" and not a multi-billion dollar business. No professionalism in their talk, no commitment, no sincerity. The only aim use to be was just to pass 30 - 40 mins talking bull-shit & just run away. They never looked concerned for pains their customers are passing through because of them. Highly insensitive people. Not waking up even today.


    I must agree.

    Sachin Gaur seemed like a kid lost in deep water above his head.

    Sameer Gaur I had initially thought was Sachin Gaur's bodyguard, so coarse and uncouth was his demeanor. He is the one who built the F1 track.

    One son (forget his name - something like Pappu or Sunny or some such) runs the cement companies and is the most professional of the lot. Another is very nondescript - Pankaj or some such name.

    But Manoj Gaur the eldest son is the designated CEO and managing director and these other sons are not significant for the group as a whole - Manoj is the boss. And all this slowness and stupidity comes down on his head - he is the one who did not sell aggressively when he could have sold at double the price when debt was half of what it is today. He is a decent guy but is a lousy businessman and his stupidity has cost all the customers in wishtown very dearly.

    Sloth is one of the seven deadly sins and that has brought down this group.

    Most builders are done in by the other deadly sin of greed.

    But Jaypee is pure sloth.
    CommentQuote
  • Sloth by convenience Venky - you didnt see sloth in YEW and F1 :)
    CommentQuote
  • Originally Posted by dineshsays
    Sloth by convenience Venky - you didnt see sloth in YEW and F1 :)


    Sloth was in NOT selling aggressively to reduce debt - when Rupee was still strong and dollar costed just 50 +.

    Even a novice like me could see that they had to sell fast. But they didnt. What a lousy businessman.

    Going for F1 instead of cricket in a country like India - sheer stupidity (unfortunately stupidity is not one of the 7 deadly sins !)
    CommentQuote
  • Originally Posted by gareeb das
    Even if they want to run away, now they can't. They are doing bare minimum that is required to show to the world that they are still breathing. Internally they are shattered. The empire created by Jaiprakash ji Gaur is ruined because of poor management & lack of commitment of his son's.


    The sad part really is, when the cookie crumbles and finally takes out JP (hint: those following 2nd coming of global crisis in derivatives and real estate), the only losers will be the end users who invested their hard earned money. Because each of these 4-5 Gaur sons will be sitting on a huge pile of cash ready to start over again when the dust settles. That's what these crony capitalists/businessmen do. They let others take the hit for their stupidities/lies, but keep adding to their personal financial portfolio, and then start over again. It's a near foolproof game.
    CommentQuote
  • It is too late for them to be putting money in any of the projects. There are only trying to collect as much money as possible from anywhere. If you are the owner of one of the properties with the company, then expect unnecessary demands. Most of the buyers won't pay but some would.

    I am just waiting to see if the collapse of Jaypee would happen in Sr Gaur's lifetime or after but it is inevitable for sure.


    Originally Posted by gareeb das
    Even if they want to run away, now they can't. They are doing bare minimum that is required to show to the world that they are still breathing. Internally they are shattered. The empire created by Jaiprakash ji Gaur is ruined because of poor management & lack of commitment of his son's.

    This generation of Gaur's took the business very lightly & behaved as if nobody can topple them. 5 years back, they were very nicely placed in the market. The opportunities & the assets they had (in terms of land bank etc); it could have been converted into a huge brand name in real-estate in India. But these junior Gaur's have messed - up everything. Still they are living in the same illusion & not learnt any lessons. Even today, if they put few 100 crores in Wish-town, the scenario can change in one year. But the intent is lacking. Wish-town is not in a priority for JP group now. It has become a liability for them.
    CommentQuote
  • 5400 cr deal for cement plant to ultra tech capacity arnd 5MT

    Remaining capacity 21MT
    So going by this
    Cement assets may b of order 25000 cr alone

    Then s some power deal 12000 cr for 3 plants
    Then remaining will fetch 10000 cr for power atleast

    Then 6000 acres of land least value 30000-40000 cr

    To paisa to hai inke paas
    CommentQuote
  • CommentQuote
  • They def hv assets bw 80-100 K crore.
    CommentQuote
  • The key to see is if they use some of this money to now speed up WT and/or Aman. The funny thing is apart from say ATS - virtually all builders are tripping up. Even if they speed up now - prevailing mentality will forgive them really fast
    CommentQuote
  • Originally Posted by dhinkachika
    5400 cr deal for cement plant to ultra tech capacity arnd 5MT

    Remaining capacity 21MT
    So going by this
    Cement assets may b of order 25000 cr alone

    Then s some power deal 12000 cr for 3 plants
    Then remaining will fetch 10000 cr for power atleast

    Then 6000 acres of land least value 30000-40000 cr

    To paisa to hai inke paas


    Baap ne kamaya aur bete (sons) ura rahe hai. There is a saying which very fits now

    poot sapoot toh kyon dhan sanchay
    poot kapoot toh kyun dhan sanchay
    CommentQuote
  • Originally Posted by dineshsays
    They def hv assets bw 80-100 K crore.


    I was at the annual function of my kids school a couple of weeks back. JP gaur was one the important guests. He claimed that JP have 50 sites, it was about mantainence of cleanliness. I would be surprised if their assets are not at least double of total debt.
    CommentQuote
  • Originally Posted by dhinkachika
    5400 cr deal for cement plant to ultra tech capacity arnd 5MT

    Remaining capacity 21MT
    So going by this
    Cement assets may b of order 25000 cr alone

    Then s some power deal 12000 cr for 3 plants
    Then remaining will fetch 10000 cr for power atleast

    Then 6000 acres of land least value 30000-40000 cr

    To paisa to hai inke paas


    And do not forget, that the overall debt on jaypee is distributed on their different assets, so basically when they sell an asset , the debt on that particular asset is automatically reduced, going by what i have read on times of india today, they have already sold assets worth 20 thousand crores , on those 20 thousand crore assets , there has to be a debt of at least around 10 thousand or even more, so out of 70 thousand crore overall debt , around 30 thousand crore is already reduced.
    For now what it seems is-
    overall debt 70k-30k= 40 k
    (all in crores)
    net debt left on jaypee is 40 K crores which can be easily nearly handled just by selling their entire cement plants(for instance).
    FAR FAR AWAY from going bankrupt.
    Plus Narender modi impact( in central gov) and bjp in Uttar pradesh will totally change their dynamics.
    In my opinion, Its the right time to enter in wishtown and wait for 5 years( to see the best ROI) in entire NCR.
    REcently my friend who lives in omaxe grandwoods , visited me and loved the views and the openness in the apartment so much. And at the moment , its a pity that the rates of pavilion court and omaxe grandwood are not so different.
    Another 5 years, and there will be a significant difference.
    CommentQuote