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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

    Seems kalypso has 2 pools while PC and ph have none. Jp took advance for the club but never delivered them with the apartments which is a breach of contract and should pay interest on the club charges

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    • Re : Jaypee Greens Wishtown, Noida

      Hi all, I have been reading IREF for some weeks now and am interested to buy a unit in Kosmos. However i have a few suggestions to seek for members here before a finalise:

      kosmos, despite its advantages, is cheaper than its peers today perhaps because of JP's financial health. Now, if we assume that it deteriorates, how will it impact wishtown. Here i am just trying to understand risks and worst case scenarios. Especially:

      1. how will it affect completion of the project i.e. other towers? And supposedly I live in a completed tower, surrounded by many construction towers, how will it affect my space and quality of life?
      2. How will it impact the maintenance and its charges of the society?
      3. If the builder fails to pay the lease amount due to authority - how will it impact the flatowners.

      Please also address other issues that i may not have especially asked but is related to impact on RTM flat owners of wishtown if JP fails. Worst case scenarios to assess maximum risks. Thanks to all!

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      • Re : Jaypee Greens Wishtown, Noida

        goto magicbricks

        goto

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        • Re : Jaypee Greens Wishtown, Noida

          goto Magicstone Korea

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          • Re : Jaypee Greens Wishtown, Noida

            Where is Abhinav? Aakho Dekha Haal Dene waale the sahab....
            Construction full speed... work going on 24X7.... Labour at max strength... Abhinav Ji aap ko toh PMO mein hona Chahiye... Itne Lambe vaade toh woh bhi nahi karte!!!!

            My challenge is still on... Show me good strength of labour in any of the projects mentioned by me.. Open Challenge!!!

            Showing pictures of golf course and view from your balcony does not take away the pain of all the flat owners who are far far away from posession unlike you.

            I must say , im happy for you, you were lucky you got a good product.. But you're just rubbing it in everyones face. Take it easy bro. We all know what reality is.

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by swatiMishra View Post
              Hi all, I have been reading IREF for some weeks now and am interested to buy a unit in Kosmos. However i have a few suggestions to seek for members here before a finalise:

              kosmos, despite its advantages, is cheaper than its peers today perhaps because of JP's financial health. Now, if we assume that it deteriorates, how will it impact wishtown. Here i am just trying to understand risks and worst case scenarios. Especially:

              1. how will it affect completion of the project i.e. other towers? And supposedly I live in a completed tower, surrounded by many construction towers, how will it affect my space and quality of life?
              2. How will it impact the maintenance and its charges of the society?
              3. If the builder fails to pay the lease amount due to authority - how will it impact the flatowners.

              Please also address other issues that i may not have especially asked but is related to impact on RTM flat owners of wishtown if JP fails. Worst case scenarios to assess maximum risks. Thanks to all!
              I dont think there is anything to worry - WT by itself is a massive net asset. Any company would gladly pay and buy this off JP should doomsday come.

              Specifically

              1. Pls buy in completed tower which in turn has near complete towers around u - its not like JP is going down tomorrow. If the outlook is of extreme caution (not a bad thing in todays time and age) - come back after 1 year when 80% of Kosmos is delivered. Max to max u may pay a little xtra but safety is assured

              2. Maintainence in any case will be taken up by the RWA in future for society. Common areas/services for WT is JPs perogative they will source it to a set of professional agencies for which the RWAs (ultimately end user) will pay. (Assuming JP has gone down)

              3. There is no lease due - unlike other builders - WT land belongs to JP (long term lease) - which was 'given' by NA as a part exchange to create YEW (purely on ownership of land this is the safest option in Noida - vetted by SC)

              I think in Kosmos - risk is 99% acceptable but if you are ultra conservative - no harm in ignoring things for 1 year and coming back

              Why dont u take Kosmos on rent fr 1 year - see society at close quarters and decide if it is what u want

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              • Re : Jaypee Greens Wishtown, Noida

                Thank You so much Dinesh! I look forward to other views as well.

                Also, what is the rent for kosmos? Without NGT issue resolved, are people putting it up for rent?

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                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by swatiMishra View Post
                  Thank You so much Dinesh! I look forward to other views as well.

                  Also, what is the rent for kosmos? Without NGT issue resolved, are people putting it up for rent?
                  at current scenario there is no one who is paying off and taking possession for rent , in klassic and kosmos all people who have taken possession are living themselves so no point of talking about rental , once NGT resolved there will be plenty of rental flats available as close to 2000 flats in kosmos will be ready to be occupied

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                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by dineshsays View Post
                    I dont think there is anything to worry - WT by itself is a massive net asset. Any company would gladly pay and buy this off JP should doomsday come.

                    Specifically

                    1. Pls buy in completed tower which in turn has near complete towers around u - its not like JP is going down tomorrow. If the outlook is of extreme caution (not a bad thing in todays time and age) - come back after 1 year when 80% of Kosmos is delivered. Max to max u may pay a little xtra but safety is assured

                    2. Maintainence in any case will be taken up by the RWA in future for society. Common areas/services for WT is JPs perogative they will source it to a set of professional agencies for which the RWAs (ultimately end user) will pay. (Assuming JP has gone down)

                    3. There is no lease due - unlike other builders - WT land belongs to JP (long term lease) - which was 'given' by NA as a part exchange to create YEW (purely on ownership of land this is the safest option in Noida - vetted by SC)

                    I think in Kosmos - risk is 99% acceptable but if you are ultra conservative - no harm in ignoring things for 1 year and coming back

                    Why dont u take Kosmos on rent fr 1 year - see society at close quarters and decide if it is what u want
                    Just needed a few clarifications on what you said.

                    Do you mean that since WT land was given to JP - it has no lease loan to pay and has not mortgaged any part of the project - at least till now? Supposedly if JP falls, they will themselves sell the project or the banks will auction it to pay of debt - so in later case - will there be any implication on flat owners? In such big projects on leasehold land held by builder - how are the rights and liabilities of owners and builders demarcated?

                    After how much time of completion is the maintenance taken over by RWA or is the builder going to be a forever presence in WT and others?

                    Comment


                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by swatiMishra View Post
                      Just needed a few clarifications on what you said.

                      Do you mean that since WT land was given to JP - it has no lease loan to pay and has not mortgaged any part of the project - at least till now? Supposedly if JP falls, they will themselves sell the project or the banks will auction it to pay of debt - so in later case - will there be any implication on flat owners? In such big projects on leasehold land held by builder - how are the rights and liabilities of owners and builders demarcated?

                      After how much time of completion is the maintenance taken over by RWA or is the builder going to be a forever presence in WT and others?
                      Underwriters have paid up money to JP and first lien on the project - until possession is offered is typically theirs.

                      Therefore please buy an RTM unit where OC is there, possession is clearly offered and lease deed can be registered

                      I am unsure on the timelines of the RWA - wouldnt want to speculate

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