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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

    Expedite the Real Estate Regulatory & Development Bill (Right to Home)

    Petitioners: Please sign and than share this petition to your friends, office mates and home buyers groups/forum. We have to make our voice heard. Share using Facebook,  twitter (#righttohome), emails and watsapp.

    https://www.change.org/p/shri-narend...-right-to-home


    Shri Narendra Modi Ji,   

    Home buyers in this country are at the mercy of real estate developers. We are being exploited from every side. Authorities are not working in favor of home buyers. Developers have a free hand and do not care about the customers and are not afraid of law.   

     

    Some of the issues that the home buyers faces are:   

    - Launching projects without proper approvals. 

    - Diversion of funds. 

    - Unfair, abusive draconian era's agreements.

    - Stalling the work after taking 95% of the money. 

    - Demanding extra charges at the time of possession. 

    - Humiliating buyers who raise serious question related to project approvals. 

    - Blatant abuse of building bylaws and apartment acts. 

    - Huge gap between promises and delivery

    - Authorities are not giving access to information using RTI. 

    - Using unregulated brokers/agent as proxy for fake promises. 

    and the list goes on....  

    In the absence of such regulatory body, buyer have to take up the issues on their own and what do they get in return?:  

    - Defamation cases or better know as SLAPP suits 

    - Fictitious FIR

    - Mental and physical harassment

    - Threat of cancellation of allotment  

    We demand lawmakers should not ignore the grievances of Home Buyers and must keep following points in mind:  

    - Transparency in acquisition of land and all other construction related licenses and permissions, Project/Home Layouts, Definition of Carpet/Super Area/Built Areas, Parking charges, Common Area, Maintenance Cost etc.

    - Regulation/Registration/Certification of real estate agents.

    - Equal Penalty for delay to both buyer and builder.

    - Mechanism to ensure funds collected for project are not diverted. 

    - Developers should not be allowed to collect additional charges not agreed at the time of purchase.

    - Developers should not be allowed to change the layout of project/flat/home/towers after the purchase. 

    - Protection of Consumer Activists who take on these corrupt Authorities/builders.  

    We the law abiding taxpayers of this country appeal to you for a tough regulatory body to help us get "what is rightfully ours".  

    We wish you all the best for your "RIGHT TO HOME" project.   

    regards, 

    Bharat Waasi!

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      besides Mahagun, M3M was also getting some land bank/ FAR in WT, Noida? Anyone have some info on it

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        this is about outcome of a customer case in Mumbai.
        thought of sharing as it could be of interest to many of our friends

        Construction delayed? Builder must return money on demand - Rediff.com Business

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Purvankara to buy land from Jaypee in Noida... What i heard Purvankara has good reputation in bangalore.....

          Wishtown Jaypeeee wishtown nahi raha.. It would be another another Private 7X of noida....

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Yes 10 acres

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              Arre 100-150 acre bacha area hai. Rest all with JP

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                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."

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  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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                  • Re : Jaypee Greens Wishtown, Noida

                    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.

                    Comment


                    • Re : Jaypee Greens Wishtown, Noida

                      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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