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

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

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.

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

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.

How many JP shares do you own :-) ?

more than you can think :-)

No wonder :-)

exactly :-))

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.

Great:-) lage raho bajajbhai :-))

Go and read their FY16-17 results... numbers i hv quoted r correct...
R u afraid of these numbers

Thanks buddy

Tum bhee lage raho ......karne se hota hai ...karogey tu hoga

:-)

Results are here. If you think the consolidated debt last year was 100k cr, you are completely ignorant about how to read a balance sheet.

http://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03e521ee-b113-4e9c-8d51-79cf162b0afa.pdf