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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: 2 weeks ago
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  • Re : Jaypee Greens Wishtown, Noida

    Jaypee greens and all other projects of Jaypee are the best of its class. I remember there was a race amoung the brokers to sell these flats.

    But sadly Jaypee is almost bankrupt, no one is now interested in these projects. You will now not find a single brokers or dealers talking about these project.

    Suddenly all the action seems to have shifted to greater noida W .

    Jaypee residents if ever thre flats are completed will be far more satisfied than the people opting for GNW.

    Jaypee doesn't seem to be a company like kingfisher or unitech. Hope they are able to restrengthen themselves and complete the projects.
    Last edited March 16 2016, 07:08 PM. Reason: Text formatting.

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    • Re : Jaypee Greens Wishtown, Noida

      Jp products are always has destination and HOLDS premium its true they are in financial crunch but they will bounce back soon as they have huge asset to deal with it .This iz the only builder who release 5000 apartment in this year's and plan another 3000 by end of year. There are putting all there efforts to get out from this turbulence.one should not compare witb Unitech or other builders.

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      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by pkgandhi View Post
        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.

        From where do you get a figure of 130k Crore liability for Jaypee group?

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        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by Quest2012 View Post
          From where do you get a figure of 130k Crore liability for Jaypee group?
          Add up debt(60k) , current liabilities other than debt (25K) and contingent liabilities(45k)

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          • Re : Jaypee Greens Wishtown, Noida

            Many companies in india do some dressing up of their BL P&L etc and expect the same here. Also be prepared for disclosures not openly stated. Their auditors are some low level firms so there could be many hidden cats out of the bag later.

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            • Re : Jaypee Greens Wishtown, Noida

              Its not only Jaypee's condition which is worse, there are others too... however at least, JP & associated banks are making efforts all around to come out of this mess.

              Some extracts:

              So, you can only call up a loan and call up the facility when the account becomes non-performing. They may be making losses. That today, so many respected companies are making losses, but that is not an adequate ground to call up the loan.

              So companies try to fight this problem by taking trade credit or other liquidity measures and only when the situation is irretrievably, it is like a patient being taken for operation. Till there is some hope that the patient can be cured with medicine, many people do not go in for the operation. Operation is the last resort, or I would say late resort. So, that is how it works, because if you colour the loan, the whole thing collapses and for a stalled business, you get much lower valuation.

              We have seen that when the company stops production, you fetch a much worse value than if you allow it to somehow survive and go along hoping that it would turnaround.

              Read more at: Crisis-hit banking sector: Who is to be blamed? - Moneycontrol.com
              Last edited March 17 2016, 05:33 PM.

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              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by kp1plotbuy View Post
                Its not only Jaypee's condition which is worse, there are others too... however at least, JP is making efforts all around to come out of this mess.

                Some extracts:

                So, you can only call up a loan and call up the facility when the account becomes non-performing. They may be making losses. That today, so many respected companies are making losses, but that is not an adequate ground to call up the loan.

                So companies try to fight this problem by taking trade credit or other liquidity measures and only when the situation is irretrievably, it is like a patient being taken for operation. Till there is some hope that the patient can be cured with medicine, many people do not go in for the operation. Operation is the last resort, or I would say late resort. So, that is how it works, because if you colour the loan, the whole thing collapses and for a stalled business, you get much lower valuation.

                We have seen that when the company stops production, you fetch a much worse value than if you allow it to somehow survive and go along hoping that it would turnaround.

                Read more at: Crisis-hit banking sector: Who is to be blamed? - Moneycontrol.com
                It is not so hunky dory. The company has already defaulted on its commitments, the loan is in default status. They may complete some projects but it is quite difficult for them to get out of the situation without further efforts. Even the sale of cement plants and other assets is happening under duress.

                Lastly the township is to be maintained by the promoter, all common areas, roads, power lights, sewer etc. Given their precarious position expect major issues going forward.
                Last edited March 17 2016, 05:41 PM. Reason: Text formatting.

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                • Re : Jaypee Greens Wishtown, Noida

                  Guys again I request this thread is for RE - keep discussions limited to RE progress and issues. We have a dedicated thread discussing the company

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                  • Re : Jaypee Greens Wishtown, Noida

                    Had gone to WT today - will be going a lot more regularly now.

                    Happy to see that the sports facility work has started. 2-3 courts/basketball etc - work has begun.

                    PH1, 2, 3 work has def progressedClick image for larger version

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                    • Re : Jaypee Greens Wishtown, Noida

                      Some members here had accused me of spreading false news when all I had said was that it was quite likely the salaries of JP employees were or will start getting delayed. Here is a post from a forum member for the benefit of such gentlemen/ladies:

                      https://www.indianrealestateforum.co...76#post2057776

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