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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  • Is work ongoing in the Associates projects (golf side) or has everything stopped?
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  • Originally Posted by Imperialnoid
    Is work ongoing in the Associates projects (golf side) or has everything stopped?
    About 100-150 people working at PH4, dont know about rest.
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  • Currently Jaypee has become bank corrupt. I don't think so that presently buying a flat with them is a good choice.
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  • In Noida almost all builders r bankrupt. They completely destroyed Noida.
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  • Originally Posted by pkgandhi
    Originally Posted by Bharatiya
    This is my recommendation. I have seen these protests against JP. I think these are useless. Even if you take your protest to JP Hospital or JP expressway, that won't produce any result.

    Venting anger through protests won't get you your home. Though media attention does put pressure on JP. But again, it won't get you your home. JP's finances are very bad and no way it can finish WT. Massive delays are the obvious results.

    JP buyers need to build a common WT association. Gather as much buyers of all delayed projects in WT and file a petition in SC. I think 1000s of buyers are at stake and many are senior citizens. SC will provide priority hearing. Everybody knows about JP's finances. Ask SC to appoint an arbitrar to evaluate all liquid assets of JP for Disposal. That means cash (if there is any), unencumbered land (in and around WT and expressway), whole Expressway itself. What needs to be done is liquidation of JPs assets and that money should be used for completion of all delayed projects in WT. And this should be done under supervision of Arbitrar appointed by SC.

    India's Bankruptcy law is also ready. I haven't read the bill. But JP needs to be asset stripped and reorganized using appropriate provisions. That's the only solution for WT.

    Otherwise, if you think 5 years delay is too much? Those towers may well delayed for 10 years - 15 years - indefinitely. Only hope is through SC and buyers should take that chance. Don't believe in deadlines given by Builder. Tareek pe Tareek. Tareek pe Tareek. This won't solve anything.

    Big challenge would be organizing and gathering buyers of delayed projects in WT. But Even if you could make association of 1000 home buyers, you have a good chance in SC. There is no other hope.

    Mr Bharatiya,

    JP lenders are way smarter than the customers who, with close to zero knowledge of accounting, finance, the legal framework or how business is done, are playing a game of " CEO, CEO" and making grand but absurd estimates and predictions about JP's "assets". In the meantime, the smart lenders have already stripped the company of its prime assets and you can be sure that by the time gullible customers, who think JP is doing them a huge favor by going through this "biggest deleveraging in the history of corporate India bar none ", realize what is going on and approach the courts, the horses would already have bolted from the stables and the proceeds from the sale of JP's assets would be sitting in the bank accounts of their lenders.
    ..
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  • What a shame - JP is asking from their employees to give them money and in January they will return back to them. Just heard on some news channel.
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  • As per the latest development in the Jaypee case, the Supreme Court has barred the promoters and directors of Jaiprakash Associates from selling their personal assets or the assets of their families members until they have deposited Rs 2,000 crore as directed earlier. They have been asked to deposit Rs 150 crore by 13th December and Rs 125 crore by 31st December, as they deposited Rs 275 crore in the court yesterday.

    There has been no change in the order to pay Rs 2,000 crore though the apex court has allowed the builder to deposit the amount in installments.

    More of the story can be read at:
    https://realty.economictimes.indiatimes.com/news/regulatory/sc-bars-jaypee-promoters-directors-from-selling-personal-assets/61751016
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  • looks like WT will never be completed.
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  • Originally Posted by flatowner2
    looks like WT will never be completed.
    Sir why u think so ?
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  • Originally Posted by amused
    Originally Posted by Imperialnoid
    Is work ongoing in the Associates projects (golf side) or has everything stopped?
    About 100-150 people working at PH4, dont know about rest.
    Does anyone know the status of PH-4 ? There were about 12-14 Towers closer to completion sometime back .
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  • For those who are still looking to invest in property in 2018 and are frustrated by Noida builders, here is a scoop about a RTM project in Pune that will leave you aghast. Check it out in this thread -

    https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/31712-raheja-vistas-k-raheja-corp-nibm-road-pune/page4
    Photos:
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    5 Comments
    • raabta6 months ago
      Dint know that...thanks.
  • Originally Posted by rovingeye
    For those who are still looking to invest in property in 2018 and are frustrated by Noida builders, here is a scoop about a RTM project in Pune that will leave you aghast. Check it out in this thread -

    https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/31712-raheja-vistas-k-raheja-corp-nibm-road-pune/page4
    Things must be quite bad in Pune if brokers have to search for murgas in Noida threads. Next people will suggest buying property in Dubai or New York.
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    4 Comments
    • Truenity6 months ago
      Hahahahaha

      Hehehehehe

      Broker central

      Hahahahahaha
  • Originally Posted by rovingeye
    For those who are still looking to invest in property in 2018 and are frustrated by Noida builders, here is a scoop about a RTM project in Pune that will leave you aghast. Check it out in this thread -

    https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/31712-raheja-vistas-k-raheja-corp-nibm-road-pune/page4


    Not to curb your enthu, but property as investment tool is dead now. You would realize that soon. The only demand right now is of ready to move house for self use.
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    1 Comments
    • rovingeye6 months ago
      Totally agree with that raabta.
  • Insults/Flaming
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  • Originally Posted by raabta


    Not to curb your enthu, but property as investment tool is dead now. You would realize that soon. The only demand right now is of ready to move house for self use.


    What about the future. Its not like investors are dumping it. Even in the US it bounced back eventually.
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