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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

    Originally posted by dineshsays View Post
    Yes it is a nice park. But all apartment blocks get very poor frontage to that.

    Id say only 10-15% of the apartments surrounding that has usable frontage

    And I'm not very keen on the huge STP right next to the park

    The golf course is a golf course - if you want to play - join in and play. Its only a show piece if you want to play cricket in it

    Yes it is a nice park. But all apartment blocks get very poor frontage to that.

    Id say only 10-15% of the apartments surrounding that is
    A golf course may look better in comparison to a park, but golf course can only be utilised for one purpose. A park is multipurpose, with no extra charges involved for using it. The STP near Meghadootam did not deter TGB to sell their 10000 sqft apts, so it shud not be viewed as a major negative. When buying a house from living purpose, utility of facilities matter. If buying as a holiday home, beauty and serenity matters.

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    • Re : Jaypee Greens Wishtown, Noida

      The sevegae next to Tgb stinks

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      • Re : Jaypee Greens Wishtown, Noida

        Dear Dineshbhai

        Really surprsing.

        I did not get any letter from Jaypee.

        any updates on Kalypso 15?

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        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by Venkytalks View Post
          I did a round of the entire project.

          GC side was looking good. But not as good as Greater NOIDA. Lots of people moving into PC and PH. Roads were HUGE. Very wide and smooth.

          Overall ambience after all projects complete will become very good.

          Guards were really dumb.

          Garden Isles have come up very fast.

          Klassic and Kosmos looked very deserted compared to PH PC. People may not want to live in present conditions because 70 unfinished towers nearby makes it seem unlivable unless desperate.

          Towers 79 and 80 have finished structure. But possibly the contractor has stopped work. 79A and B not yet structure ready.

          GC side already seems livable.

          Kosmos Klassic will take another year before decently livable.
          Hi,
          When do you think wishtown will be fully inhabited? Will it be like 2020?
          Thanks
          V

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by victor43 View Post
            Hi,
            When do you think wishtown will be fully inhabited? Will it be like 2020?
            Thanks
            V
            Yes. 2020 or maybe 2022.

            There is a good chance of the company selling off to some other company and the name itself might be changed.

            Seems like lot of staff laid off. That usually indicates selling company or promoter stake sale to fresh management.

            With this real estate bear market Jaypee is better off keeping cement and contractors business and selling off power and real estate.
            Venky (Please read watch a or before posting)

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by Venkytalks View Post
              Yes. 2020 or maybe 2022.

              There is a good chance of the company selling off to some other company and the name itself might be changed.

              Seems like lot of staff laid off. That usually indicates selling company or promoter stake sale to fresh management.

              With this real estate bear market Jaypee is better off keeping cement and contractors business and selling off power and real estate.
              Looks like Manoj Gaur thinks otherwise. He seems to see money in service sector. Quote from his interview in feb 2015:

              "We will consolidate and Jaypee will stay in cement, hydro and thermal power, and be a significant player in health care, hotels and real estate."
              Manoj Gaur faces uphill task in reducing Jaypee's debt - Business Today

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              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by deser7rose View Post
                Looks like Manoj Gaur thinks otherwise. He seems to see money in service sector. Quote from his interview in feb 2015:



                Manoj Gaur faces uphill task in reducing Jaypee's debt - Business Today
                Thinking otherwise is what got Manoj Gaur into present state of default.

                In 2010 he could have easily extricated himself.

                He has endangered his billionaire family's entire wealth by thinking otherwise.
                Venky (Please read watch a or before posting)

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                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by Venkytalks View Post
                  Yes. 2020 or maybe 2022.

                  There is a good chance of the company selling off to some other company and the name itself might be changed.

                  Seems like lot of staff laid off. That usually indicates selling company or promoter stake sale to fresh management.

                  With this real estate bear market Jaypee is better off keeping cement and contractors business and selling off power and real estate.
                  I am not sure if this will be a good or bad development. Jaypee had a vision, will new buyers continue same way or start milking customers by launching new towers and buildings in open spaces? After all new owners will also need to make money. Why would new guys agree to take Jaypee mess if they cant make new buildings and homes?

                  Assuming new guys take over; will it good or bad for township?

                  Your posts replies are always well analysed and to the point.

                  regards

                  V

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by victor43 View Post
                    I am not sure if this will be a good or bad development. Jaypee had a vision, will new buyers continue same way or start milking customers by launching new towers and buildings in open spaces? After all new owners will also need to make money. Why would new guys agree to take Jaypee mess if they cant make new buildings and homes?

                    Assuming new guys take over; will it good or bad for township?

                    Your posts replies are always well analysed and to the point.

                    regards

                    V
                    If big business group like Birla Tata Godrej, Oberai, Bharti or Mahindra buy - and they have the money to buy right now - then its great.

                    Selling piecemeal will be bad. But small timers dont have the money to buy and are in same mess as Jaypee. Other big real estate players like DLF Lodha etc are in a mess and cannot buy.

                    On the whole selling will be good. More likely they will try for angel investor and retain Jaypee name.
                    Venky (Please read watch a or before posting)

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                    • Re : Jaypee Greens Wishtown, Noida

                      Hi all,

                      Last weekend I went for Lunch with a friend of mine in Boomrang,Jaypee Greens, Greater Noida.

                      We also took a round of complex and my observations are as follows:

                      1. Jaypee Greens, Greater Noida almost looks deserted. Even though it was Sunday, I hardly saw any resident. I will assume not even 100 families live in all apartments and villas.
                      2. Market place- No shops open. even though its a very nice shopping building, not a single store is open.
                      3. Delcourt restaurant: they had a restaurant on first floor of market place which is now closed.
                      4. Central park in land-1 behind villas. Benches had rust and broken, grass not cut regularly.
                      5. Lots of shrubs and wildgrass growth all over. When I asked one supervisor type of jaypee maintenance guy he said that when residents move in we will maintain. Thats a funny argument because jaypee charges maintenance even from people who are not staying! Overall maintenance looked sloppy. It did not look as good as earlier.
                      6.Lots of laborers were moving freely even in villa area.
                      7. Maintenance is steep in jaypee. A friend who has 500 yards villa is paying Rs 20,000 maintenance even though he is not staying. Electricity is Rs 18.50 per unit!
                      8. Entrance to nature park lake was closed, is it only for Gaur family? As they have private residences close to nature park.

                      I always used to find Jaypee Greater Noida inspiring but this time it looked quite sad!

                      I will like to know from Venky and other knowledgeable guys here wheathe jaypee has lost interest in real estate business? Will similar happen to wishtown noida??

                      Thanks

                      V

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