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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  • Jaypee is sending letters to buyers falsely claiming that they have sent an earlier letter and are still waiting on the reply from the buyer with respect to the decision to complete the final finishing .
    On one hand they are giving us dates to complete the apartments not earlier than end of the year and on the other hand falsely claiming that they are waiting to do the final finishing . They have never sent any letter regarding final finishing prior to this. And this letter is generic without mentioning any apartment number.
    This is being done so that the Jaypee can avoid paying the delay penalty falsely trying to show that the delay was due to our decision. I thought that the negativity about Jaypee by P.K.Gandhi/Truenity was inflated, but after receiving this letter realized that GAURS are the BIGGEST SHAMELESS CHEATERS. They should be jailed.

    If any of you have received such letter, immediately reply disputing it otherwise they will not give you the penalty for delay at the time of possession.
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    2 Comments
    • Bigfish1 years ago
      It was a mistake. They sent a regret letter.
  • UPDATE: Jaypee sent a regret letter saying that the earlier letter was an error. Atleast, they have some integrity still left.
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  • Hi all,
    I am planning to buy a 3 bhk in ph4. Could you please let me know the pros and cons of jaypee. How is the overall maintenance in jaypee? Most of the flat have big glasses because of golf view, is jaypee doing the cleaniness of those glasses.

    How is the club and what is the plan for having more clubs
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  • Klassic arcade is located just on entry from adobe side and work on full swing shops plaster work ongoing , should be ready in couple of month and total 26 shops so klassic , kosmos will have very good market ready , unlike pavillion court this has mostly big shops 8 to be precise in ground floor and 8 on 1st floor plus lot of parking and open area on arcade .
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    3 Comments
    • SalmanArshi1 years ago
      Are there any shops in resale??. Thanks,
      Regards,
      Salman
  • Originally Posted by mahoba
    Klassic arcade is located just on entry from adobe side and work on full swing shops plaster work ongoing , should be ready in couple of month and total 26 shops so klassic , kosmos will have very good market ready , unlike pavillion court this has mostly big shops 8 to be precise in ground floor and 8 on 1st floor plus lot of parking and open area on arcade .


    this is good news.
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  • Jaypee says no to refunding Wish Town homebuyers in Noida However, they stated that they are in no position to refund those buyers who wish to exit the project at this stage.Sharmila Bhowmick | TNN | May 30, 2017, 07:52 IST

    NOIDA: In a tripartite meeting held between representatives of Jaypee group, homebuyers of Jaypee Wish Town and Noida Authority officers, the builders on Monday confirmed that construction at the Wish Town project has started full swing.

    However, they stated that they are in no position to refund those buyers who wish to exit the project at this stage. The builders assured the buyers that they would meet buyers from individual apartments in the Wish Town project and take up their concerns.

    The buyers of Wish Town project posed questions to the builders regarding their source of funds. To this director Jaypee Infratech, Sameer Gaur responded, "Jaiprakash limited, the realty business which are the promoters of Wish Town is being financially restructured. The cement business has been sold, from that Rs 600 crores will be diverted as working capital for completion of Wish Town. We will monetise the toll on Yamuna Expressway and raise the balance amount for the completion of Wish Town."










    http://realty.economictimes.indiatimes.com/news/residential/jaypee-says-no-to-refunding-wish-town-homebuyers-in-noida/58903862

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  • JPA consolidated debt on books is approx 54k crore as on 31st march 2017. ( annual results declared yesterday)
    Expected to reduce further by 12k-14k crore after ultratech deal.
    They will be left with consolidated debt approx 40k crore..
    This is huge change from 100k crore last year to 40k crore ....and now after another round of restructuring hoping they will survive for few more years untill they finish wishtown
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  • Once they survive for few years, they are likely to do well. With lots of industries (Patanjali, mobile manufacturing hub etc) expected to come up in the near future at YEA where Jaypee have good land bank...the valuation of latter shall improve significantly from the present levels. 2ndly, RERA will reduce non-sense by builders including Jaypee and projects are likely to move forward in a proper manner going forward. Things may work out for the defaulting builders .. be it Jaypee, be it Unitech. The worst may soon be behind us. Fingers crossed.
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  • Rites has already started obstacle survey of Jewar airport.

    The day it's launched and ground work gain momentum ( atleast 1 year from launch if everything goes smoothly ) - Jaypee will be back.

    I am pretty sure - They will survive as a company.

    regards
    sbajaj
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  • Originally Posted by bhuwan
    JPA consolidated debt on books is approx 54k crore as on 31st march 2017. ( annual results declared yesterday)
    Expected to reduce further by 12k-14k crore after ultratech deal.
    They will be left with consolidated debt approx 40k crore..
    This is huge change from 100k crore last year to 40k crore ....and now after another round of restructuring hoping they will survive for few more years untill they finish wishtown

    Hahahaha​,

    This is called spreading disinformation by using selective information. JP had a consolidated net loss of over 10k crores on a PBT basis. The only reason their debt came down is because they have sold off almost all their productive assets, which will further reduce their ability to service debt.


    It is a matter of common sense that it is better to have 100k crore debt with a 50k operating income than 1 crore debt with 0 operating income.

    Even the numbers you have given are incorrect. JP never had 100k crore debt and the current number is lower than what you have given as well.
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  • Originally Posted by sbajaj
    Rites has already started obstacle survey of Jewar airport.

    The day it's launched and ground work gain momentum ( atleast 1 year from launch if everything goes smoothly ) - Jaypee will be back.

    I am pretty sure - They will survive as a company.

    regards
    sbajaj

    How many JP shares do you own :-) ?
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  • Originally Posted by Truenity

    How many JP shares do you own :-) ?


    more than you can think :-)
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  • Originally Posted by sbajaj


    more than you can think :-)

    No wonder :-)
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  • Originally Posted by Truenity

    No wonder :-)


    exactly :-))
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  • Originally Posted by VedKapoor
    Once they survive for few years, they are likely to do well. With lots of industries (Patanjali, mobile manufacturing hub etc) expected to come up in the near future at YEA where Jaypee have good land bank...the valuation of latter shall improve significantly from the present levels. 2ndly, RERA will reduce non-sense by builders including Jaypee and projects are likely to move forward in a proper manner going forward. Things may work out for the defaulting builders .. be it Jaypee, be it Unitech. The worst may soon be behind us. Fingers crossed.

    RERA , if implemented, will be good for projects launched in the future at the expense of builders launching them. The notion that it will help bankrupt builders like JP and Unitech is laughable.
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