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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  • mate,

    1) you are comparing pollution between 2 places, please don't compare 2 places, just consider Air pollution, would it be in sector 128 or not, there will be and with slower construction, its going to remain for many years, i dont think that the pace of construction would be consistent, you will certainly see some hault's and finishing takes a lot of time, there wll be a lot of Air pollution

    PS: wishtown was considered far far ahead than the crappy sectors you mentioned, but if you look at things in hand today, those crappy sectors would have investors who have made money by existing at the right time, they would have more ROI than jaypee investors

    2) VALUATION, this is very important, keep your eyes on the prices of KP plots, thats the best answer I could give, if you are not able to pick my above post.

    3) I wrote a post where I found mayur vihar MIG more premium than kalypso, I mean investors have been robbed of false promises by jaypee{flase information as well}, further I used to classify jaypee properties under 2 sections:

    a) towers that are RTM /nearing RTM -> you can exit and make small premium
    b) towers that are out of radar. --> you can exit with your buying price if you are lucky

    But now , I will categorize them differently

    a) towers that are RTM /nearing RTM add demonetization --> very hard to exit
    b) towers that are out of radar. add demonetization --> no way you can exit

    PS: enthusiasm of members is an important factor and dropping activity on iref, its absolutely dipping here, earlier I used to see some good activity here but these days its very dull, why? its a very important question.

    Cheers
    Rahul
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  • @truenity: mate I am just not putting the figure here because I dont want to publish information just by hearing someone, all I can tell you is that the figure really amazed me.

    PS:
    1) you mentioned jaypee as broke, I will just add a point, many builders does get the construction by paying in cash, yes cash, the white money majorly goes in land and in minority goes into construction, this is the main reason why jaypee investors need to worry a lot.

    Cheers
    Rahul
    , the white money majorly goes in land and in minority goes into construction, this is the main reason why jaypee investors need to worry a lot.

    Cheers
    Rahul
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  • I get a feeling that too many folks are motivated in jaypee bashing without having any (disclosed) exposure. Wondering what's this altruism all about. I hold a flat here, and really not worried anymore. Keep getting calls from brokers who try to cajole to sell at lower values, l tell them to take a walk, they keep coming back. Gives me a feeling that some folks just want to corner undervalued inventory before things turn north :)
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  • Originally Posted by abhimax
    I get a feeling that too many folks are motivated in jaypee bashing without having any (disclosed) exposure. Wondering what's this altruism all about. I hold a flat here, and really not worried anymore. Keep getting calls from brokers who try to cajole to sell at lower values, l tell them to take a walk, they keep coming back. Gives me a feeling that some folks just want to corner undervalued inventory before things turn north :)


    mate, your post clearly tells me that your are an end user, you are safe but every1 is not, here is an example:

    if I take a demonetization example in order to explain my point: consider you are like a salaried class person and you are simply unaffected by demonetization Vs some1 who dealt with cash

    Now the guy who made money in cash is a different example, consider him having 4 apartments in wishtown , they are affected and not you.

    PS: so its not just about YOU :), life is just not about you, please have an open mind.

    further 2 cases:
    a) you can easily hold your property, you can end use, but at the end of the day you cant make premium, infact now you cant even exit.
    b) vs some1 who holds 4 apartments, will not have the capacity to hold, and will exit @ dirt cheap price and he will affect you for sure.

    PS: again its just not about you :)

    Cheers
    Rahul

    , they are affected and not you.

    PS: so its not just about YOU :), life is just not about you, please have an open mind.

    further 2 cases:
    a) you can easily hold your property, you can end use, but at the end of the day you cant make premium, infact now you cant even exit.
    b) vs some1 who holds 4 apartments, will not have the capacity to hold, and will exit @ dirt cheap price and he will affect you for sure.

    PS: again its just not about you :)

    Cheers
    Rahul

    , they are affected and not you.

    PS: so its not just about YOU :), life is just not about you, please have an open mind.

    further 2 cases:
    a) you can easily hold your property, you can end use, but at the end of the day you cant make premium, infact now you cant even exit.
    b) vs some1 who holds 4 apartments, will not have the capacity to hold, and will exit @ dirt cheap price and he will affect you for sure.

    PS: again its just not about you :)

    Cheers
    Rahul

    , they are affected and not you.

    PS: so its not just about YOU :), life is just not about you, please have an open mind.

    further 2 cases:
    a) you can easily hold your property, you can end use, but at the end of the day you cant make premium, infact now you cant even exit.
    b) vs some1 who holds 4 apartments, will not have the capacity to hold, and will exit @ dirt cheap price and he will affect you for sure.

    PS: again its just not about you :)

    Cheers
    Rahul

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    3 Comments
    • rahk20123 years ago
      mate, the prices you see in trend are highly inflated prices(how do I justify this, just take an example of loading 40%, you are given an impression that you are given 1000 sq feets but in actual you get only 600, this is just 1 example out of 10-20 that I can give you), do your own research when it comes to valuation, i give you an example, in my research I would price KP plots at 12k per sq yards considering all the negative factors and as an investor I would not even touch anything but rather see the RE trends that will come in the next 3 months. please DO YOUR RESEARCH and to get your research right, you need to know a lot of things with clarity. and as an investor I would not even touch anything but rather see the RE trends that will come in the next 3 months. please DO YOUR RESEARCH and to get your research right, you need to know a lot of things with clarity. and as an investor I would not even touch anything but rather see the RE trends that will come in the next 3 months. please DO YOUR RESEARCH and to get your research right, you need to know a lot of things with clarity.
  • Cannot help but agree with Abhimax. @rahk2012 / Rahul, 8 posts in 14 hours bashing JP with this sort of reasoning leaves me puzzled.

    So, somehow you've singled out JP Wishtown for Air Pollution. But, let's forget that most Noida Sectors along entire expressway have tremendous construction activity with flats, towers, plots, etc being constructed right next to each other. There are bigger denser pockets of construction. Or, that in open areas air travels freely. ATS is no less affected, yet well settled. Or that an entire city of Gurgaon was settled in the midst of such dusty "premium" areas. East Delhi remains amongst worst air pollution hit regions in THE WORLD, yet you feel no hesitation in calling Mayur Vihar MIG premium despite the pollution.

    Then, Rahul has suggested rates in KP Plots are at 12k / sq yard. So, he claims 153 sq yd plots are available for 18 lakh rupees!! You just made KP the hottest land deal in whole of India! Let me tell you, my friend, you're not in touch with reality at all.

    Then, Rahul's said we should take his word that construction will not pick up at all. I'm sharing below a picture of construction activity on KP plots from a few days ago.
    This sort of construction frenzy has happened for the first time in KP history.

    Objective views are welcome, but friend this sort of discussion is misleading and raises suspicion. With this level of disconnect between reality vs statements, and reasonable arguments vs incorrect allegations, one cannot call this an analysis but only term it bashing. I think readers can tell the difference.


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  • The strawman arguments from those who are stuck with JP as their majboori are even more puzzling. Mr Rahul had said construction from JP will not pick up. As far as I know, kp plots have all been sold to investors and any construction there has nothing to do with JP.
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  • Site progress has been stuck as Jaypee has stopped paying to contractors . Is there anyone who is associated with Team (who were monitoring the site progress in 70 towers).

    Earlier few stakeholders were active arranging protests against Jaypee , now everything is stagnant.
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  • @disposition:

    0) Air pollution : well I am saying it again, dont compare 2 noida sectors, just look at Air pollution as it is, it is hazardous, my advice to the people is to avoid buying any property where construction is happening at a slow pace, rather go on rent where there is no contruction pollution, the RE market is going to be a market that will move fwd on RENT. period.

    PS: and in your pic, here are my observations

    a) not even a single plot completed, these were launched 5 years ago or even more, clearly justifies that there are investors only in KP plots.
    b) can you see the AIR pollution in there?, you may have cement particles in there, beware, it is very harmful and people who are stuck in there should use a high quality air purifier.


    1) why construction is happening at a time when penalty time is reaching? answer : there are about 25% end users who are doing kaccha construction to attain their property, these people will hold regardless of price falling.

    2) these are individual plots, if there were actual end users, you would have seen quick construction and people already living there, its a fact that can be clearly seen, for sure kp plot investors would not want to acknowledge this.

    3) yes please read carefully, mayur vihar MIG apartment in reality would be more premium than kalypso, driving factor being : density.

    "I wrote a post where I found mayur vihar MIG more premium than kalypso, I mean investors have been robbed of false promises by jaypee{flase information as well}, further I used to classify jaypee properties under 2 sections:

    a) towers that are RTM /nearing RTM -> you can exit and make small premium
    b) towers that are out of radar. --> you can exit with your buying price if you are lucky

    But now , I will categorize them differently

    a) towers that are RTM /nearing RTM add demonetization --> very hard to exit
    b) towers that are out of radar. add demonetization --> no way you can exit" <- copy paste from my prior post

    well, you may chose to reject my views, let the people decide and not fooled all over again.

    @trunity: I can't agree more with you.

    Cheers
    Rahul
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  • Originally Posted by subupundir
    Site progress has been stuck as Jaypee has stopped paying to contractors . Is there anyone who is associated with Team (who were monitoring the site progress in 70 towers).

    Earlier few stakeholders were active arranging protests against Jaypee , now everything is stagnant.

    The unfortunate truth, which is a matter of public record,but something most JP customers don't want to face up to, is that JP financial situation is precarious and continues to deteriorate with each passing day. There will be a few half hearted attempts to show that they are still doing business as usual, but they have simply run out of money to pay the contractors and continue to bleed money every single day.
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    1 Comments
    • subupundir3 years ago
      Less than 30% stakeholders has got possession of their flat/plot and rest of people looking at Jaypee with hope that some day they will get it
  • @rahk2012,

    If majority of owners just do CC construction, the place will become a shantytown.
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  • can anyone share his experience of WT like inside security /maintenance etc.. as I heard some news.
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  • Originally Posted by flatowner2
    can anyone share his experience of WT like inside security /maintenance etc.. as I heard some news.

    Everyone will have a different experience. Why don't you share the news you heard ?
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  • I heard of some theft in 2-3 flats in WT... is it true?
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    1 Comments
    • firstimebuy3 years ago
      There was a theft in ONE kosmos flat.. There was a protest regarding that
      Since then security has become stricter.. Cabs are not allowed inside the complex.. Cars without sticker have to be parked outside..Any delivery Guy - Food/cable etc etc are frisked and bags are checked before and after entry exit
  • Originally Posted by nideepak
    I heard of some theft in 2-3 flats in WT... is it true?

    A resident of kosmos had posted there had been several daylight robberies in wishtown. So, it must be true.
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    • disposition3 years ago
      Pl share post link. Robberies have happened in my South Delhi locality as well. Question is what measures are taken afterwards.
  • The news is that after Mr Sameer Gaur, Mr Sachin Gaur has also resigned from the company for "personal reasons ". Is anyone from the promoter family still involved in the business or are bankers formally calling the shots now ?
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