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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 pkgandhi View Post
    Apologize for off topic post, but wanted to highlight a technical feature of the forum some members might find useful. You have the option of technically putting other members on "ignore",/so that you don't get to see posts they make. Some members may find this feature useful.
    You always go off topic to divert positivity.. Nothing new..stick to Wishtown...
    Last edited March 9 2016, 06:36 PM.

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by dineshsays View Post
      I have 0 issues about criticism about Jaypee - I am saying take the Gaurs to Jail - I am saying all projects delayed should be up in arms in going to consumer court. I am only saying there is a classification and one should follow it

      What is happening is that predictions about a company is dominating everything else

      Jaypee for example have given 5500 flats - thats more than all other builders in the entire eWay - where is the discussion on those flats?

      Jaypee is the only company to have paid late payment penalty and early payment discount - and all others are increasing super area

      While all builders are delaying - why only highlight Jaypee (I am not saying dont highlight - highlight as you wish - but equally highlight for all other buyers). Poster boys like 3C have delayed MORE than Jaypee - yes MORE than Jaypee, the owners have run away with the money and into other projects - where is the discussion there?

      Fundamentals of delivered properties are far far better than virtually anything in Noida - still no discussion on that - be it quality of construction, density, cost, lift to flat ratio, greenery, views - whatever

      Wishtown is owned by Infratech which has easily 3 times the assets than its debts - it is the only land in Noida where land title is 100% clear and vetted by SC

      However - here we are happy talking about FCCB defaults done by Jaypee Power which has NOTHING to do with wishtown.

      No one compares a debt vs asset breakdown - contingent liabilities are added to the debt without talking about contingent assets - it is told employees are not being paid while that is not even the case - just panic mongering
      ----

      Anyways - I have no issues if most of you feel that it is fine to discuss what you want and where you want - go right ahead

      ----

      See you!!
      dineshsays sir, thank you for giving the greenlight on discussing the builder on this thread and raising some relevant points yourself.

      It is great JP has given 5500 flats, but what about timelessness. And if it has delivered the most flats, it is also by far the biggest defaulter in terms of late delivery.

      Late payment penalty is a cruel joke on buyers. Someone who has bought a 6k flat is getting 60 RS/year as penalty. Anyone would love to borrow at a 1% interest rate.

      Most other builders are also chors to some extent or the other and being "bashed" in respective threads.

      Infratech is owned by JPA. Land banks of Infratech have been seized for default on JPA loans. Land title is no longer clear because mortgages and liens have been created. So that statement is incorrect.

      Jaypee power is also owned by JPA and JPA has given guarantees on its loans. Since JPA also owns Infratech, those defaults do affect Wishtown. By the way, JPA has also separately defaulted on interest payments on FCCBs.

      Contingent liabilities of JP are listed in their own financial statements ( please read the definition to realise that not all potential liabilities qualify to be contingent in accounting sense). Please list what their contingent assets are. We would all be happy to know.

      It is a fact that JP associates owes over 25k crores to sundry creditors ( category that includes employees/contractors/etc) and I have anecdotally heard ( but only from 1 person ) that in at least one case salary was delayed. I don't have definitive information whether this is generally true, but it is plausible it is already happening ( the money to pay L&T, banks, FCCB and employees all comes from the same Bank account and if the first three categories are not being paid, it is quite likely the fourth one isn't either). In any case, even in the unlikely situation that all employee dues are fully current at this time, I don't expect the situation to continue for very long, given severe cash flow pressures.
      Last edited March 9 2016, 06:51 PM.

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      • Re : Jaypee Greens Wishtown, Noida

        Nope - I have not given any clearance discuss the company here. I am saying what happens is if you discuss the company here (wrongly obviously) you cloud all discussions on RE.

        If you still cannot ignore me - seperate your RE questions here and ask I will be happy to help.

        On the company if want some info or opinion ask the same in the company thread - I will do my best to answer.

        If you have made up your mind then don't bother.

        However I have only seen one side from you - while you talk about delays - you don't talk about density or lack of it and actual deliveries - you talk about liabilities you don't talk about assets. But let's just stick to your questions on RE here and the company on the other thread.

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        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by dineshsays View Post
          Nope - I have not given any clearance discuss the company here. I am saying what happens is if you discuss the company here (wrongly obviously) you cloud all discussions on RE.

          If you still cannot ignore me - seperate your RE questions here and ask I will be happy to help.

          On the company if want some info or opinion ask the same in the company thread - I will do my best to answer.

          If you have made up your mind then don't bother.

          However I have only seen one side from you - while you talk about delays - you don't talk about density or lack of it and actual deliveries - you talk about liabilities you don't talk about assets. But let's just stick to your questions on RE here and the company on the other thread.
          In terms of RE, I prefer plots but even for flats, I think pre 2006/2007 projects are superior to the others that came after, including JP/ATS etc. JP is not doing charity. It will use evey square inch of FAR, just like any other builder. In terms of loading, it is worse than other builders. Approx 3000 sq ft of super area will get you a 4bhk plus a lounge ( family room) in an ATS project, but only a 3bhk with similar sized rooms in JP. Quality of construction I am not an expert, but I am sure cost of construction for JP would not be more than 1-2k/sqft higher than for comparable builders. The biggest problem with JP RE though, which you seem to be unwilling to discuss on this thread, is that the company is broke and will not be able to complete Wishtown. This will significantly downgrade living experience in the long run.
          Last edited March 9 2016, 07:11 PM.

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by pkgandhi View Post
            In terms of RE, I prefer plots but even for flats, I think pre 2006/2007 projects are superior to the others that came after, including JP/ATS etc. JP is not doing charity. It will use evey square inch of FAR, just like any other builder. In terms of loading, it is worse than other builders. Approx 3000 sq ft of super area will get you a 4bhk plus a lounge ( family room) in an ATS project, but only a 3bhk with similar sized rooms in JP. Quality of construction I am not an expert, but I am sure cost of construction for JP would not be more than 1-2k/sqft higher than for comparable builders. The biggest problem with JP RE though, which you seem to be unwilling to discuss on this thread, is that the company is broke and will not be able to complete Wishtown. This will significantly downgrade living experience in the long run.
            So whats your point? Agreed Jaypee condition is bad. It will be worst area to live. Worst loading etc etc. So what next. Where person should buy? Provide your recommendations of exact project you suggest. Also provide options for people who already bought here.

            Let's stop this bashing now (we got your points already). Please provide suggestions without repeating what is already known and repeated 1000times already in thread.
            Last edited March 9 2016, 08:17 PM. Reason: quote formatting

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by pkgandhi View Post
              In terms of RE, I prefer plots but even for flats, I think pre 2006/2007 projects are superior to the others that came after, including JP/ATS etc. JP is not doing charity. It will use evey square inch of FAR, just like any other builder. In terms of loading, it is worse than other builders. Approx 3000 sq ft of super area will get you a 4bhk plus a lounge ( family room) in an ATS project, but only a 3bhk with similar sized rooms in JP. Quality of construction I am not an expert, but I am sure cost of construction for JP would not be more than 1-2k/sqft higher than for comparable builders. The biggest problem with JP RE though, which you seem to be unwilling to discuss on this thread, is that the company is broke and will not be able to complete Wishtown. This will significantly downgrade living experience in the long run.
              I will come back but WISHTOWN? It is the safest bet to be completed.

              I think it is worth approximately 6000 Crore that Jaypee will earn in terms of an outright sell & if they can deliver all its closer to 10000 crore

              I would be worried about YEW etc but WT??

              Surely mate you are know firing blind - itna flow mein mat aao.

              I told you do a simple excercise - give a value to saleable land at FAR of 2-2.5 and then do a collection - expenses excercise for pending units.

              Then add Hospital and Nirman Sadan etc valuations

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              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by IPNoida View Post
                So whats your point? Agreed Jaypee condition is bad. It will be worst area to live. Worst loading etc etc. So what next. Where person should buy? Provide your recommendations of exact project you suggest. Also provide options for people who already bought here.

                Let's stop this bashing now (we got your points already). Please provide suggestions without repeating what is already known and repeated 1000times already in thread.
                I am not an agent or desperate to unload my inventory, so I don't want to recommend specific projects. Suggestions would obviously depend on budget, but NA plots, ideally in sectors without high-rise buildings would be best. Old low density societies for those on a budget. I am not invested in either, but likes of ATS Greens Village or Omaxe Forest are good, depending on budget. If you are on a limited budget, go for low density coop housing societies ( plenty of options in main Noida).

                If you have already bought in JP, my suggestion would be to get out if you can and buy from the the options above. Otherwise pray.

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                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by dineshsays View Post
                  I will come back but WISHTOWN? It is the safest bet to be completed.

                  I think it is worth approximately 6000 Crore that Jaypee will earn in terms of an outright sell & if they can deliver all its closer to 10000 crore

                  I would be worried about YEW etc but WT??

                  Surely mate you are know firing blind - itna flow mein mat aao.

                  I told you do a simple excercise - give a value to saleable land at FAR of 2-2.5 and then do a collection - expenses excercise for pending units.

                  Then add Hospital and Nirman Sadan etc valuations
                  Wishtown has been delayed since 2007 when JP had no debt problems. It is a fool's errand to speculate on fire sale prices and I will not indulge in it, but cement asset sale is a good pointer. JP couldn't finish Wishtown when they had no cash flow problems. Now, when they can't raise even 30 crores to pay interest on loans and no contractor/supplier will give them credit on payment terms, how will they complete it ? You are forgetting much of the land/buildings are mortgaged and no one will take over a semi-sold, semi-constructed project in this kind of a market.

                  Anyway even if I accept your valuation of 10k crore and let us even multiply it by 5 and say 50k crores, JP will probably still have a shortfall when stacked against group liabilities of over 130k, potentially.

                  I think it has clearly been demonstrated that JP is not operating on a going concern basis. Otherwise banks wouldn't have forced them to sell cement plants for zero cash and seized nirman sadan and other land banks. Wait for these to be auctioned off. The valuations will surprise you.

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                  • Re : Jaypee Greens Wishtown, Noida

                    I don't think ownership is a cause of concern in WT. Those properties purchased by buyers will remain with buyers and it will have nothing to do with Bank recovery of JP assets. But completion of semi constructed towers, internal infrastructure, maintenance.....all these will be a problem in WT. I don't know how and when JP will be able to deliver on these things.

                    By the way, how many towers are under construction and/or pending delivery in WT? Is construction on going?

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                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by Bharatiya View Post
                      I don't think ownership is a cause of concern in WT. Those properties purchased by buyers will remain with buyers and it will have nothing to do with Bank recovery of JP assets. But completion of semi constructed towers, internal infrastructure, maintenance.....all these will be a problem in WT. I don't know how and when JP will be able to deliver on these things.

                      By the way, how many towers are under construction and/or pending delivery in WT? Is construction on going?
                      To start with, banks are not touching buildings partly sold to buyers and it is possible they wont in future either because of the legal hassle, but they do have the right to in case that property was pledged to them. The legal situation is nebulous. You may turn out to be right, but there is no guarantee. Banks do have a fiduciary responsibility to their own shareholders to maximise recovery even if it means going up against existing buyers. It is an unprecedented situation, so who knows what will happen ?

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