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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  • Originally Posted by ashishew
    Please try visiting the area before commenting and badmouthing a project or a locality.

    Fyi :
    There are 700 families currently living in wishtown sector 134.

    @MANOJa : A request : contributors like @dineshsays were the most valued information providers on this forum, especially JP specific info. What i found amazing is that guys like trueinty or pkgandhi etc are still here, but original information posters have vanished or discouraged.

    Please try to bring original contributors back...like dineshsays,zohaib, suresh, cookie, nandunaada etc.


    I agree .

    We need to have contributions by all knowledgeable members . There have been many valuable Posters but some have gone missing maybe because of some of them taking negative feedback on JP too personally .

    Everybody should understand that this is a discussion forum and positive/negative feedback/information is a part and parcel of the whole thing . Taking anything personally is not going to help anybody and the cause of the Forum .


    Insults/Flaming
    IREF was put together for people to come together and help each other, collaborate and discuss in a positive way – not bash on someone because you don't like their idea, or because they don't share the same views as you. We are big into the free speech idea here. So you're free to say what you think – but do it in a constructive and positive way. We encourage mature debates – discourage childish arguments. Personal attacks, insults, rudeness, racism, threats, name calling or unnecessarily inflammatory posts will NOT be tolerated. Common courtesy, politeness and respect for fellow members, along with constructive posting of opinions are essential in preventing posts from being edited and/or deleted, or having threads locked. Whilst we encourage healthy disagreement/debate, please maintain respect towards fellow members at all times.
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  • Originally Posted by MANOJa


    I agree .

    We need to have contributions by all knowledgeable members . There have been many valuable Posters but some have gone missing maybe because of some of them taking negative feedback on JP too personally .

    Everybody should understand that this is a discussion forum and positive/negative feedback/information is a part and parcel of the whole thing . Taking anything personally is not going to help anybody and the cause of the Forum .




    Manoj sir, i also miss some senior members in Noida section. But isn't it true that some members were making rosy assertions and predictions about JP? If their analysis is to be believed, than there would have been 20000+ families living in WT already and most of the projects delivered by now. Some WT investors even posed as financial analysts talking about JP balance sheets etc etc claiming recovery of JP is just around the corner.

    Its a bitter experience to get stuck in u/c projects. But some people spread half baked information or false information about those projects because of their wishful thinking or desperation.
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  • Originally Posted by Bharatiya



    Manoj sir, i also miss some senior members in Noida section. But isn't it true that some members were making rosy assertions and predictions about JP? If their analysis is to be believed, than there would have been 20000+ families living in WT already and most of the projects delivered by now. Some WT investors even posed as financial analysts talking about JP balance sheets etc etc claiming recovery of JP is just around the corner.

    Its a bitter experience to get stuck in u/c projects. But some people spread half baked information or false information about those projects because of their wishful thinking or desperation.


    Everybody has his own perceptions/expectations and views, whether negative or positive . The main point is that these are discussions and should not be taken personally & Forum rules need to be adhered to all the time .

    Individuals might not agree to what others have to say, but then the disagreements can be in a dignified manner . Respect towards Fellow members is a must . Posts should be constructive and not childish & should effectively contribute to the whole discussions . If we maintain common courtesy, politeness and respect for fellow members, all bad blood and rudeness can be avoided .
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  • Originally Posted by Bharatiya



    Manoj sir, i also miss some senior members in Noida section. But isn't it true that some members were making rosy assertions and predictions about JP? If their analysis is to be believed, than there would have been 20000+ families living in WT already and most of the projects delivered by now. Some WT investors even posed as financial analysts talking about JP balance sheets etc etc claiming recovery of JP is just around the corner.

    Its a bitter experience to get stuck in u/c projects. But some people spread half baked information or false information about those projects because of their wishful thinking or desperation.


    If someone was posting too rosy picture then many on this forum posting too gloomy pictures nowadays

    JP had messed up the issues but equally true is that they r slowly but surely recovering. 6000 ppl have got possession is no mean achievement but yes the scale at which JP operated look mean.

    It will help if we all pray that we get our homes soon not just bad mouthing JP n spread half baked information or false information about those projects because of their wishful thinking or desperation.(in ur words)
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  • Originally Posted by aONEinvestor


    If someone was posting too rosy picture then many on this forum posting too gloomy pictures nowadays

    JP had messed up the issues but equally true is that they r slowly but surely recovering. 6000 ppl have got possession is no mean achievement but yes the scale at which JP operated look mean.

    It will help if we all pray that we get our homes soon not just bad mouthing JP n spread half baked information or false information about those projects because of their wishful thinking or desperation.(in ur words)


    Brother, cool down . As i said, Forum rules need to be adhered to all the time .

    If somebody is posting a too gloomy or a too rosy picture, he can be countered in the Forum with facts and figures ( some may agree to them and some may feel that they are cooked ), but let us take the discussions in the right spirit and not get personal or rude in the forum .
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  • Originally Posted by aONEinvestor


    6000 ppl have got possession is no mean achievement but yes the scale at which JP operated look mean.



    6000 people with possession in WT? Can you give any source to back that claim?

    A poster above says 700 families living in WT. If 6000 people have possession, where are rest of 5300?
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  • Wishtown is spread across various sectors. 700 families moved in this sector.

    Occupancy is always low than possession offered.
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  • Originally Posted by Bharatiya


    6000 people with possession in WT? Can you give any source to back that claim?

    A poster above says 700 families living in WT. If 6000 people have possession, where are rest of 5300?


    “We have already given possession of 6,500 flats. We assured them that we will hand over 6,000 more flats between August 2017 and March 201,.and the remaining flats soon after. We plan to give all 32,000 flats in the next three years,” said Gaur.

    Gaur will meet the buyers on April 29 and share a scheduled plan of delivery.

    “We need Rs9,000 crore to restart the work and finish the project. We need to recover Rs7,000 from our investors and buyers. We will raise Rs2,000 crore funds from various banks. Banks have agreed to lend us Rs1,700 crore and the remaining Rs300 crore will soon be arranged to restart the work. We will restore the buyers’ trust and deliver as promised,” said Gaur.

    http://m.hindustantimes.com/noida/jaypee-ceo-promises-delivery-of-wish-town-flats-in-noida-in-next-three-years/story-WzTrurmoy0Px94ftoqc53J.html

    Working capital money of 1700cr already raised n construction is picking up site n they have given a schedule plan of delivery as stated in this article.

    http://realty.economictimes.indiatimes.com/news/residential/jaypee-gets-rs-1800-crore-to-restart-noida-wishtown-work/58232803
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  • Originally Posted by ashishew
    Readers,

    I have been a silent reader for many years on this forum, due to simple reason that people who claim to be not even invested in a project, somehow try to malign it the most. This thread has been a testament to this.

    Reason I choose to post today is that I have been offered possession of my flat in Wishtown - Classic. Though delayed, but it happened. I know only 6k have been given possession, I must consider myself lucky etc.

    It is not all black as some people are trying to portray here.

    I am a happy guy, and i wish more people get possession of their homes soon.

    Which tower in klassic ?
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  • Street cheers JP Group stocks as asset sales gain momentum By Jwalit Vyas, ET Bureau | Updated: Jun 28, 2017, 08.41 AM IST







      The value of JPA's non-core assets like land bank, power and cement plants are much higher than its debt.
      ET Intelligence Group: Of the 12 companies that have been pushed to bankruptcy proceedings, shares of JP g roup companies -JP Associates (JPA), Jaypee Infratech andJaiprakash Power Ventures -have been scoring fresh 52-week highs since the past few days. JPA, the group's flagship company, has been the top performer.

      The value of JPA's non-core assets including land bank, road projects, power and cement plants are much higher than its debt. Hence, the Street expects the company's debt to come down meaningfully once these assets are sold.

      The sale of the 21.1 million-tonne (MT) cement capacities to UltraTech is expected to fetch JPA `16,200 crore.The deal has received the necessary approvals from theNational Company Law Tribunal (NCLT) and Competition Commission of India (CCI) and the cash from the deal will flow into the company in July.

      In addition, the value of the 1,000 acre land bank that banks have taken control as a part of JPA's recast plan is reported to be Rs 13,000 crore.This took the Street by surprise, since land banks are usually not taken into consideration while valuing a company. Given this development, JPA's shares have risen close to 50% in five trading sessions.

      The company has another 1,500 acres of land including the Budhh International Circuit. According to two sources ET spoke to, the value of this land would be at a premium to the one taken by the banks.


      Besides, JPA has nearly 5 MT cement capacity, an engineering, procurement and construction (EPC) business which has over Rs 10,000 crore worth orders, and five five-star hotel properties in New Delhi, Noida, Agra and Mussoorie. The company also owns a fertiliser and chemical business through a wholly-owned subsidiary. It also owns theYamuna Expressway, real estate and 3,800 megawatts (MW) power capacities through Jaypee Infratech and Jaiprakash Power Ventures. Stocks of these two companies are up over 30 per cent in the last five trading sessions.

      JPA 's huge debt is the result of over-diversification. Earlier a core EPC player, JPA diversified into several unrelated businesses such as power, cement and real estate.

      However, the group divested several of its assets which includes its hydro plant to JSW group, cement capacities to Orient Cement and 51 per cent stake in Jaiprakash Power Ventures to banks.

      With divestment in all these businesses, the Street believes that the management will be able to focus on its core business once again.

      Divestments have also helped JPA reduce debt to Rs 30,400 crore from Rs 57,000 crore a year ago. In FY17, JPA reported an adjusted consolidated loss of Rs 5,616 crore and interest outgo of Rs 7,406 crore. of these two companies are up over 30 per cent in the last five trading sessions.

      JPA 's huge debt is the result of over-diversification. Earlier a core EPC player, JPA diversified into several unrelated businesses such as power, cement and real estate.

      However, the group divested several of its assets which includes its hydro plant to JSW group, cement capacities to Orient Cement and 51 per cent stake in Jaiprakash Power Ventures to banks.

      With divestment in all these businesses, the Street believes that the management will be able to focus on its core business once again.

      Divestments have also helped JPA reduce debt to Rs 30,400 crore from Rs 57,000 crore a year ago. In FY17, JPA reported an adjusted consolidated loss of Rs 5,616 crore and interest outgo of Rs 7,406 crore. of these two companies are up over 30 per cent in the last five trading sessions.

      JPA 's huge debt is the result of over-diversification. Earlier a core EPC player, JPA diversified into several unrelated businesses such as power, cement and real estate.

      However, the group divested several of its assets which includes its hydro plant to JSW group, cement capacities to Orient Cement and 51 per cent stake in Jaiprakash Power Ventures to banks.

      With divestment in all these businesses, the Street believes that the management will be able to focus on its core business once again.

      Divestments have also helped JPA reduce debt to Rs 30,400 crore from Rs 57,000 crore a year ago. In FY17, JPA reported an adjusted consolidated loss of Rs 5,616 crore and interest outgo of Rs 7,406 crore. of these two companies are up over 30 per cent in the last five trading sessions.

      JPA 's huge debt is the result of over-diversification. Earlier a core EPC player, JPA diversified into several unrelated businesses such as power, cement and real estate.

      However, the group divested several of its assets which includes its hydro plant to JSW group, cement capacities to Orient Cement and 51 per cent stake in Jaiprakash Power Ventures to banks.

      With divestment in all these businesses, the Street believes that the management will be able to focus on its core business once again.

      Divestments have also helped JPA reduce debt to Rs 30,400 crore from Rs 57,000 crore a year ago. In FY17, JPA reported an adjusted consolidated loss of Rs 5,616 crore and interest outgo of Rs 7,406 crore. of these two companies are up over 30 per cent in the last five trading sessions.

      JPA 's huge debt is the result of over-diversification. Earlier a core EPC player, JPA diversified into several unrelated businesses such as power, cement and real estate.

      However, the group divested several of its assets which includes its hydro plant to JSW group, cement capacities to Orient Cement and 51 per cent stake in Jaiprakash Power Ventures to banks.

      With divestment in all these businesses, the Street believes that the management will be able to focus on its core business once again.

      Divestments have also helped JPA reduce debt to Rs 30,400 crore from Rs 57,000 crore a year ago. In FY17, JPA reported an adjusted consolidated loss of Rs 5,616 crore and interest outgo of Rs 7,406 crore. of these two companies are up over 30 per cent in the last five trading sessions.

      JPA 's huge debt is the result of over-diversification. Earlier a core EPC player, JPA diversified into several unrelated businesses such as power, cement and real estate.

      However, the group divested several of its assets which includes its hydro plant to JSW group, cement capacities to Orient Cement and 51 per cent stake in Jaiprakash Power Ventures to banks.

      With divestment in all these businesses, the Street believes that the management will be able to focus on its core business once again.

      Divestments have also helped JPA reduce debt to Rs 30,400 crore from Rs 57,000 crore a year ago. In FY17, JPA reported an adjusted consolidated loss of Rs 5,616 crore and interest outgo of Rs 7,406 crore. of these two companies are up over 30 per cent in the last five trading sessions.

      JPA 's huge debt is the result of over-diversification. Earlier a core EPC player, JPA diversified into several unrelated businesses such as power, cement and real estate.

      However, the group divested several of its assets which includes its hydro plant to JSW group, cement capacities to Orient Cement and 51 per cent stake in Jaiprakash Power Ventures to banks.

      With divestment in all these businesses, the Street believes that the management will be able to focus on its core business once again.

      Divestments have also helped JPA reduce debt to Rs 30,400 crore from Rs 57,000 crore a year ago. In FY17, JPA reported an adjusted consolidated loss of Rs 5,616 crore and interest outgo of Rs 7,406 crore. of these two companies are up over 30 per cent in the last five trading sessions.

      JPA 's huge debt is the result of over-diversification. Earlier a core EPC player, JPA diversified into several unrelated businesses such as power, cement and real estate.

      However, the group divested several of its assets which includes its hydro plant to JSW group, cement capacities to Orient Cement and 51 per cent stake in Jaiprakash Power Ventures to banks.

      With divestment in all these businesses, the Street believes that the management will be able to focus on its core business once again.

      Divestments have also helped JPA reduce debt to Rs 30,400 crore from Rs 57,000 crore a year ago. In FY17, JPA reported an adjusted consolidated loss of Rs 5,616 crore and interest outgo of Rs 7,406 crore. of these two companies are up over 30 per cent in the last five trading sessions.

      JPA 's huge debt is the result of over-diversification. Earlier a core EPC player, JPA diversified into several unrelated businesses such as power, cement and real estate.

      However, the group divested several of its assets which includes its hydro plant to JSW group, cement capacities to Orient Cement and 51 per cent stake in Jaiprakash Power Ventures to banks.

      With divestment in all these businesses, the Street believes that the management will be able to focus on its core business once again.

      Divestments have also helped JPA reduce debt to Rs 30,400 crore from Rs 57,000 crore a year ago. In FY17, JPA reported an adjusted consolidated loss of Rs 5,616 crore and interest outgo of Rs 7,406 crore.
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  • Originally Posted by ashishew


    Klassic C2


    Thanks, have sent you a PM...
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  • Jaiprakash associates again up 15% today
    अल्ट्राटेक cement deal completed☺☺☺

    Where are all big bears of Jaypee????😀😀😀
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  • Carefully planted news to hike up the share price and sell to make a killing and exit and to keep the protesters at bay by giving false hope. If they have all this money, then why the reluctance to complete WT? Could it be that it is no longer a profitable proposition?
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  • Originally Posted by Raojee
    Carefully planted news to hike up the share price and sell to make a killing and exit and to keep the protesters at bay by giving false hope. If they have all this money, then why the reluctance to complete WT? Could it be that it is no longer a profitable proposition?


    See the press release today to stock exchange which is absolutely authentic n not false or planted

    Jaypee now giving clear focus to its EPC n Real estate business😄😄

    Read carefully n then comment 😀😀😀😀
    Attachments:
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  • CICI Bank-led consortium complete Rs 16,189-cr Jaypee-UltraTech deal
    Updated: June 29, 2017 15:42 IST | Our Bureau


    With this sale, part of the debt of Jaiprakash Associates and Jaypee Cement has been transferred from a stressed account to a AAA rated company

    ICICI Bank on Thursday said a consortium of banks led by it has concluded the largest asset resolution in the country with the sale of cement business of Jaiprakash Associates Ltd (JAL) and Jaypee Cement Corporation Ltd (JCCL) to UltraTech Cement Ltd. This transaction is valued at Rs 16,189 crore.

    With this sale, part of the debt of JAL and JCCL has been transferred from a stressed account to a AAA rated company, India’s largest private sector bank said in a statement.

    ×
    Chanda Kochhar, MD & CEO, ICICI Bank, said, “I welcome the completion of the sale of the cement business of Jaiprakash Associates Ltd (JAL) and Jaypee Cement Corporation Ltd (JCCL) to UltraTech Cement Ltd.''

    “...This is the largest asset resolution in the country so far and I hope that this landmark transaction will pave the way for more such resolutions. It is also heartening to note that this is the largest transaction in India’s cement industry, thus far.”

    The decision to sell the cement business to reduce JAL and JCCL’s debt was taken more than a year ago. ICICI Securities was then appointed to manage the sale process.
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