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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 Venkytalks View Post
    Yes I saw this and something is seriously wrong here - probably pledged shares problem or serious scam/corporate misgovernace problem cannot be ruled out.

    81000 crore will wipe out 90% of entire net worth of Jaypee. Entire margin of safety gone.

    This is shit serious.
    venky

    in d worst case scenario if jp goes bankrupt then what will happen to projects like wishtown where thousands of people r involved

    how will d delivery happen

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      is there such a case happened before and what was d come out

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by dhinkachika View Post
        venky

        in d worst case scenario if jp goes bankrupt then what will happen to projects like wishtown where thousands of people r involved

        how will d delivery happen
        Association along with creditors which will be of three types has to approach courts and ask for getting projects transferred and then get it completed using fresh funds.

        The 3 types of creditors will be banks which have given home loans who will be on our side and then the banks and vendors of JP infratech on the other side trying to recover their loans.

        Usually the big bank and pvt equity creditors will take over project as a going concern but there is no previous example of bankruptcy on such a big company. Usually only fly by night operators run away and in those cases buyers were small time and mostly lost money and flat.

        This is a different situation but I doubt if it will come to that - someone will lend money or get pvt equity in and rescue the project. Infratech will just have to sell land at discount to real value - that is all.


        But there will be long delay and it will become a sub prime flat with low price. Nobody will want to buy a flat in a bankrupt project. So investors will get reduced returns.


        HCC Lavasa is best example. Green brigade stalled it. Investors stuck without exit. End users stuck without delivery. Still waiting. In the long run of 15 years things will work out for them.

        End users need not bother.

        Having DTPOWS ready will help in such situations.
        Last edited October 17 2014, 07:16 PM.
        Venky (Please read watch a or before posting)

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        • Re : Jaypee Greens Wishtown, Noida

          IfJP have been diverting funds recd from flat buyers, to alternative uses other than construction of said flats, does that amount to fraud?

          Is that how the courts might look at it?

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by Venkytalks View Post
            Association along with creditors which will be of three types has to approach courts and ask for getting projects transferred and then get it completed using fresh funds.

            The 3 types of creditors will be banks which have given home loans who will be on our side and then the banks and vendors of JP infratech on the other side trying to recover their loans.

            Usually the big bank and pvt equity creditors will take over project as a going concern but there is no previous example of bankruptcy on such a big company. Usually only fly by night operators run away and in those cases buyers were small time and mostly lost money and flat.

            This is a different situation but I doubt if it will come to that - someone will lend money or get pvt equity in and rescue the project. Infratech will just have to sell land at discount to real value - that is all.


            But there will be long delay and it will become a sub prime flat with low price. Nobody will want to buy a flat in a bankrupt project. So investors will get reduced returns.


            HCC Lavasa is best example. Green brigade stalled it. Investors stuck without exit. End users stuck without delivery. Still waiting. In the long run of 15 years things will work out for them.

            End users need not bother.

            Having DTPOWS ready will help in such situations.
            Venky why you resigned from DTPOWS ?

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by Dikraa View Post
              IfJP have been diverting funds recd from flat buyers, to alternative uses other than construction of said flats, does that amount to fraud?

              Is that how the courts might look at it?
              Jaypee buyers money is used in interest payment. Find a way that what we pay is going to contractor in charge of construction. Feeling worried seeing the situation.

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                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

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by dineshsays View Post
                  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

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    Just incase if you missed this one....

                    http://www.ndtv.com/video/player/the...-buyers/341609

                    Comment


                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by Aviral79 View Post
                      Just incase if you missed this one....

                      http://www.ndtv.com/video/player/the...-buyers/341609
                      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.
                      Last edited October 18 2014, 08:29 PM.
                      Venky (Please read watch a or before posting)

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