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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  • dineshsays;

    Hujoor ek sher to banata haii

    Nasha utha ke koi naya shahr dhudiye
    Is shahr me to sab se mulaqaat ho gai

    Kuch bhi bacha na kahne ko har baat ho gai
    Aao kahin sharaab piye, ab raat ho gai !
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  • Too good.

    Chaliye - let's get on topic
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  • Ground reality is different. . We can have different perceptions . Lets agree to disagree.
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  • How is ground reality different. Please be specific - what exactly are you trying to say or imply here
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  • Originally Posted by dineshsays
    Thanks a lot Quest bro

    Hi.. I understand a group of buyers from Kalypso won court case in NCDRC today.. Were you part of same.. Great judgement BTW.
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  • Great news !! A lesson for all JP buyers and buyers from other stalled projects . Take some action, forms groups as builders these days are under the pump .

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  • Originally Posted by rituraja
    Great news !! A lesson for all JP buyers and buyers from other stalled projects . Take some action, forms groups as builders these days are under the pump .

    This is great news for the JP investors who are covered by this judgement if they can get JP to actually pay up. JP will probably appeal against this, just like Unitech did.
    This judgement will also spur JP lenders to make sure they strip the group off any assets they can as soon as possible, so that JP customers don't get ahead of them in the credit hierarchy via the back door. Also, for customers whose projects are massively delayed and who haven't made much progress down the legal route, this means that JP will have even fewer resources available to deliver their flats.

    Congratulations to those who filed the case, but expect JP to try to use every trick in the book to avoid paying up.
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  • Originally Posted by pkgandhi
    This is great news for the JP investors who are covered by this judgement if they can get JP to actually pay up. JP will probably appeal against this, just like Unitech did.
    This judgement will also spur JP lenders to make sure they strip the group off any assets they can as soon as possible, so that JP customers don't get ahead of them in the credit hierarchy via the back door. Also, for customers whose projects are massively delayed and who haven't made much progress down the legal route, this means that JP will have even fewer resources available to deliver their flats.

    Congratulations to those who filed the case, but expect JP to try to use every trick in the book to avoid paying up.




    What is there to challenge? Jaypee will have to pay!!!
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  • Indeed a good news.... PC flat owners will get compensation plus flat as well.... at the end there is no doubt now place will become habitable ...
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  • So you mean to say JP was not constructing the flat because uska mood nai tha . But now since Court has given its orders JP would behave like an obedient child and deliver everything on time .

    Good luck for that !! It will try every trick(read bankruptcy) to avoid penalty payment.

    Originally Posted by kp1plotbuy
    Indeed a good news.... PC flat owners will get compensation plus flat as well.... at the end there is no doubt now place will become habitable ...
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  • Originally Posted by ramkbokaro
    What is there to challenge? Jaypee will have to pay!!!



    Read the article. Its already mentioned. NCDRC ordered Unitech to pay 12% Penalty. But Unitech took stay order against NCDRC decision in SC. JP will do the same thing.

    Kalypso launched in 2007. Was supposed to be completed by 2011. Looking at present status, it won't be complete even by 2020. Most towers are still incomplete and JP's financial situation is bad.
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  • Originally Posted by Bharatiya
    Read the article. Its already mentioned. NCDRC ordered Unitech to pay 12% Penalty. But Unitech took stay order against NCDRC decision in SC. JP will do the same thing.

    Kalypso launched in 2007. Was supposed to be completed by 2011. Looking at present status, it won't be complete even by 2020. Most towers are still incomplete and JP's financial situation is bad.




    But there has to be valid ground for stay, isn't? Honestly I didn't know unitech has took stay order ..I wonder based on what ground SC provided stay
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  • JP group story is fairly simple. They borrowed money from banks ( at around 10%) and effectively borrowed from contractors ( at 0%) and customers ( at rs 5/sqft). They gambled this borrowed money on the bet that Indian economy will grow at double digits, they and their political partners will be able to muscle development around Noida and property prices would zoom. I think they had honest intentions, but the gamble failed badly.

    Now the situation is such that everyone who lent to them wants their money/delivery of flats, but JP simply has run out of money and is not in a situation to fulfill their commitments to any of their stakeholders, not because they are cheats but simply because they have no cash ( money that has been taken out of the company by promoters through dividends etc. will not come back). Basically, the story can be summed up by the hindi proverb , "ek anaar sau bimaar". In this background, court awarding damages to customers makes JP's precarious situation even worse ( though I do congratulate in advance those who are actually able to receive these damages). This increases the likelihood that lenders will now force a bankruptcy sooner rather than later ( once bankruptcy is declared, claims of lenders will become senior-most in the resolution hierarchy).
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  • Advice for Jaypee protestors.....

    Dont waste your time protesting in areas where they dont even bother...choose your venues properly

    A businessman will ONLY listen once he feels his business is getting HIT...

    Target the venues where he is minting money ...and in projects where he used your money for his "DREAMS"

    Jaypee hospital
    Jaypee hotels
    Jaypee F1 tracks when an event taking place

    Use your strength wisely....no point protesting in a Nirman bhavan which he doesnt even own anymore...or some project site which looks like an abandoned city
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  • yes I like this zohaib2012; bhai, pls help buyers jinhe aapne 6 saal pehle JP ka maal becha tha?
    unhen aapne hi rasta dikhana hain?
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