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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  • http://timesofindia.indiatimes.com/i...w/57249318.cms
    For project delay, Supreme Court slaps builder Unitech with huge fine
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  • Originally Posted by TalkStraight
    JP had Total consolidated estimated debt of 70,000 CR as on 31-Mar-2016.
    Annual finance cost approx 7,500 CR as per declared results ( assuming * 12%)

    Can some one list down all Jaypee asset sales expected to conclude in current FY.

    1. Cement plants sale 16,000 CR
    2. Debt to equity conversion JP-Power 3,000 CR
    3. 500 MW (megawatt) thermal power plant to JSW Energy for Rs 2,700 crore
    4. Bhilai cement plant for Rs 1,450 crore to CK Birla group company, Orient Cement Ltd
    5. Nigrie cement grinding unit Rs 500 crore to CK Birla group company, Orient Cement Ltd
    6. approx 2500 CR from land and asset sale within jaypee infratech ( Nirman sadan and land in wishtown and Y.expressway)
    7. ????
    8. ????
    9. ????
    10. ????




    There are reports that JSW deal is going to fall through as Jaypee power has now been handed over to lenders.
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  • Originally Posted by TalkStraight
    http://timesofindia.indiatimes.com/i...w/57249318.cms
    For project delay, Supreme Court slaps builder Unitech with huge fine

    This will be final nail in the coffin of builders like Unitech and Jaypee as it will force them to declare bankruptcy.
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  • Originally Posted by Truenity

    This will be final nail in the coffin of builders like Unitech and Jaypee as it will force them to declare bankruptcy.


    Jaypee Infratech and Jaiprakash Power might fall in hands of lenders BUT Jaiprakash associates will survive at least for couple of years with promoters.
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  • Its a race against time. Even if couple of hundred victims of JP gets order for refunds & penalties from SC, it will give a major shock to JP. Backlog in WT alone is 28000 apartments.

    Last year, JP had very hard time just to raise 200 crore to resume work on some pending projects in WT. Imagine if the have to start paying refunds in some projects. Everything will come to stop.
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  • Originally Posted by TalkStraight


    Jaypee Infratech and Jaiprakash Power might fall in hands of lenders BUT Jaiprakash associates will survive at least for couple of years with promoters.

    JP Associates is a big mess with scores of subsidiaries, including the disastrous Formula 1 foray. At one point, it was trading at a negative implied standalone share price. Lenders don't have the appetite to deal with it. They will just strip out the easily monetizable assets - like power plants - and JP Associates will be left as a shell.
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  • Originally Posted by Bharatiya
    Its a race against time. Even if couple of hundred victims of JP gets order for refunds & penalties from SC, it will give a major shock to JP. Backlog in WT alone is 28000 apartments.

    Last year, JP had very hard time just to raise 200 crore to resume work on some pending projects in WT. Imagine if the have to start paying refunds in some projects. Everything will come to stop.

    Lenders will not allow substantial penalties to be paid before they get their money back. They will force the companies into bankruptcy protection.
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  • Even though I have No money invested in Jaypee direct, I hope and pray that jaypee wishtown work starts and the area becomes very well developed in next 3-4 years
    I have shop in paras one33, which will benefit directly from high percentage of occupancy and development in jaypee wishtown
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    1 Comments
    • anandmukesh1 years ago
      You have opened another thread promoting paras ...
  • Originally Posted by Grenoite
    Even though I have No money invested in Jaypee direct, I hope and pray that jaypee wishtown work starts and the area becomes very well developed in next 3-4 years
    I have shop in paras one33, which will benefit directly from high percentage of occupancy and development in jaypee wishtown

    Given JP's financial situation, Wishtown might not be completed in decades, forget about years.
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    2 Comments
    • Grenoite1 years ago
      Chalo sir....jaypee hospital expansion complete ho jaye to bhi mazaa jayega

      Its biggest hospital in noida after all

      Ab yeh mat kehna sirji ki hospital bhi pit gaya because its doing very well and no land allotted for a big hospital in expresssway
  • Originally Posted by TalkStraight
    JP had Total consolidated estimated debt of 70,000 CR as on 31-Mar-2016.
    Annual finance cost approx 7,500 CR as per declared results ( assuming * 12%)

    Can some one list down all Jaypee asset sales expected to conclude in current FY.

    1. Cement plants sale 16,000 CR
    2. Debt to equity conversion JP-Power 3,000 CR
    3. 500 MW (megawatt) thermal power plant to JSW Energy for Rs 2,700 crore
    4. Bhilai cement plant for Rs 1,450 crore to CK Birla group company, Orient Cement Ltd
    5. Nigrie cement grinding unit Rs 500 crore to CK Birla group company, Orient Cement Ltd
    6. approx 2500 CR from land and asset sale within jaypee infratech ( Nirman sadan and land in wishtown and Y.expressway)
    7. ????
    8. ????
    9. ????
    10. ????





    Jaiprakash Associates on Saturday also announced that due to the restructuring of equity , the JP Power Venture ceases to be its subsidiary, which would reduce its consolidated debt burden by nearly Rs 25,000 crore. JP Associates has a total debt of Rs 67,528 crore as on March 31, 2016.

    Now how will numbers look in next FY results.
    It seems approx 45k CR will be knocked off from JPA balance sheet .. leaving only 22k ...
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  • Originally Posted by TalkStraight


    Jaiprakash Associates on Saturday also announced that due to the restructuring of equity , the JP Power Venture ceases to be its subsidiary, which would reduce its consolidated debt burden by nearly Rs 25,000 crore. JP Associates has a total debt of Rs 67,528 crore as on March 31, 2016.

    Now how will numbers look in next FY results.
    It seems approx 45k CR will be knocked off from JPA balance sheet .. leaving only 22k ...

    Get your facts right. JP power had debt of less than 12k crore even before asset sales and conversion of debt to equity . And just because a company is no longer officially a subsidiary doesn't mean any of the loan guarantees given by JP associates or promoters are no longer valid. What matters is not the absolute size of the debt but debt relative to assets and revenue. For example, the size of Unitech's and Kingfisher's debt is much less than that of JP. That doesn't mean they are in any better shape.
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  • Originally Posted by Truenity

    Get your facts right. JP power had debt of less than 12k crore even before asset sales and conversion of debt to equity . And just because a company is no longer officially a subsidiary doesn't mean any of the loan guarantees given by JP associates or promoters are no longer valid. What matters is not the absolute size of the debt but debt relative to assets and revenue. For example, the size of Unitech's and Kingfisher's debt is much less than that of JP. That doesn't mean they are in any better shape.


    Consolidated finance cost for JP-Power for previous financial year was 2498.87 CR meaning approx 25k CR consolidated debt on JP-Power only which has been removed from JPA balance sheet after this SDR.


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  • Originally Posted by TalkStraight



    Consolidated finance cost for JP-Power for previous financial year was 2498.87 CR meaning approx 25k CR consolidated debt on JP-Power only which has been removed from JPA balance sheet after this SDR.



    Shame on you for trying to mislead people. There is also the company balance sheet that lists the actual debt. Why don't you post that instead of the income statement, where financing costs were higher because the company had higher debt in the prior year which has come down after asset sales.
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  • What is status of WT case in Supreme Court?
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  • Originally Posted by Truenity

    Shame on you for trying to mislead people. There is also the company balance sheet that lists the actual debt. Why don't you post that instead of the income statement, where financing costs were higher because the company had higher debt in the prior year which has come down after asset sales.


    Shame on you that you keep coming back again and again... how many times should u be thrown out from the forum....
    Only if you are cordial then expect others to debate cordially. Post if you have refrences... dont post in air !!
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