Announcement

Collapse
No announcement yet.

Jaypee Greens Wishtown, Noida

Collapse
X
Collapse

Jaypee Greens Wishtown, Noida

Last updated: August 17 2020
8876 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by flatowner2 View Post
    Superb
    A MP from mirzapur is concerned about noida buyers but Wondering why noida MP is not raising this issue in parl?
    Noida MP is busy preparing to make his 100th announcement about Jewar airport ( which will yet again be retreated/overruled).

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by t_yash View Post
      MoM of KnightsCourt Buyers Association meeting with JP Sr. Management for the month of April 2016.
      Kudos to t_yash sir and team for exposing the reality of JP's claims.

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by kaka12 View Post
        Jaypee crossed all his limits.

        you tell me what is the option home buyer's now???
        Mr kaka12,

        I can understand the frustration of JP buyers who have been cheated ( certainly based on any ethical standard, if not a legal one). However, I will sincerely advice them not to take the law into their own hands. Right now, they have the moral high ground and public sympathy, but that will quickly disappear if they engage in any unsavoury behavior.

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by pkgandhi View Post
          Mr bhuwan,

          I agree with you that the problem at JP is more of ability than intentions ( at least at this point- can't say about the past). However, you are forgetting about the most important actors in the story- JP's lenders, who are effectively in control of the company - so much so that JP doesn't even dare to appoint a consultant without their permission. It is utopian to believe that the banks will allow escrow account to be set up for specific projects and allow any obligation to have precedence over interest and principal repayments, where they already hold lien over assets and JP is in default.
          I agree banks will be hesitant, the question is can they REJECT such a proposal made by buyers association and say NO on paper.
          I doubt they can, they would need a firm technical ground to be able to do so.
          Jaypee accounts have still not been declared NPA, ys its stressed alright but banks are getting their share from asset sale and revenue generated from JP.
          Worth a try at least, more positives i believe.
          Scenario#1 -- If JP is able to survive next 3 yrs, buyer association saves time, we get early delivery.
          Scenario#2 -- If JP is not able to survive next 3 yrs, buyer association has utilized JP services (engineers, contractors, etc..) and all other established hard negotiated channels from sourcing material to labor and has taken the construction to pretty advanced stage.
          Last edited April 28 2016, 10:54 AM.

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by MeinSonu
            Don't understand why post like this don't get deleted...moderators...looks to me clear case of personal attack
            Why? What did i write thats not true?
            The guy has made more than 450 posts - All in Jaypee threads in 2 months. Clearly he has nothing else to do. He calls it samaj Seva . I call it vella panti.

            I dont think i have written anything that is not evident. Elephant in the room

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              After watching all those videos about Jaypee, I feel really sad for the buyers. They are stuck for no fault of theirs. But I have absolutely no sympathy for the investors. If it is your second or third property, it should be confiscated and given to the needy. So many people in India don't have a home but speculators are buying multiple properties and increasing the prices for everyone. These investors/speculators are the scum of the society and bring no value to the economy. haraam ki khaate hain.

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by youngmoney View Post
                After watching all those videos about Jaypee, I feel really sad for the buyers. They are stuck for no fault of theirs. But I have absolutely no sympathy for the investors. If it is your second or third property, it should be confiscated and given to the needy. So many people in India don't have a home but speculators are buying multiple properties and increasing the prices for everyone. These investors/speculators are the scum of the society and bring no value to the economy. haraam ki khaate hain.
                Mr youngmoney,

                Firstly, what is wrong with being a speculator ? Speculation is an essential function in the economy which facilitates risk-taking and, by extension, innovation and progress ? It is the elixir without which all animal spirits would have died and mankind would still be in the Stone Age.

                Secondly, not everyone who owns more than one property is a short-term speculator. I have bought multiple properties for my retirement nest egg and not sold a single one. Except for the first one, I have funded them out of my hard-earned personal income, after having paid substantial tax on it. Before i made the investments, i assessed all the risk factors and don't have a problem if some investment becomes worthless because the investment thesis didn't play out as i expected, but how is it fair to people like me to simply confiscate our savings ? Will you also recommend doing the same for investments made in the stock market or FDs ?

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by youngmoney View Post
                  After watching all those videos about Jaypee, I feel really sad for the buyers. They are stuck for no fault of theirs. But I have absolutely no sympathy for the investors. If it is your second or third property, it should be confiscated and given to the needy. So many people in India don't have a home but speculators are buying multiple properties and increasing the prices for everyone. These investors/speculators are the scum of the society and bring no value to the economy. haraam ki khaate hain.
                  What rubbish!!! What do you mean by haraam ki kamaai?? The investors are rewarded for the risk they undertake and the money they invest. With this corollary all investors whether PPF, or stocks or bonds are all being bred on so called haraam ki kamai.

                  There is no difference in the rights of an end user or investor.

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by youngmoney View Post
                    After watching all those videos about Jaypee, I feel really sad for the buyers. They are stuck for no fault of theirs. But I have absolutely no sympathy for the investors. If it is your second or third property, it should be confiscated and given to the needy. So many people in India don't have a home but speculators are buying multiple properties and increasing the prices for everyone. These investors/speculators are the scum of the society and bring no value to the economy. haraam ki khaate hain.
                    Its a open market bro, If you have MONEY at the right time you buy it (RE), when u buy it you take a RISK, if you get the delivery its a REWARD, if not you get DOOMED.

                    There is no difference between a end user and a investor, both are spending their hard earned money.

                    Even if you take out all investors from the market, real estate wont get cheaper. Builders create the blueprint of the project keeping in mind demand. Prices are lesser at launch because builder gets cash flow at 0% interest from buyers and investors.

                    Every buyer / investor would have missed something very good at some point in time.

                    You just wait for your opportunity when u have MONEY at the right time you will also buy RE. I hope u have it sooner than NEVER.

                    Good Luck!!!!
                    Last edited April 28 2016, 03:29 PM. Reason: Text formatting.

                    Comment


                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by bhuwan View Post
                      I agree banks will be hesitant, the question is can they REJECT such a proposal made by buyers association and say NO on paper.
                      I doubt they can, they would need a firm technical ground to be able to do so.
                      Jaypee accounts have still not been declared NPA, ys its stressed alright but banks are getting their share from asset sale and revenue generated from JP.
                      Worth a try at least, more positives i believe.
                      Scenario#1 -- If JP is able to survive next 3 yrs, buyer association saves time, we get early delivery.
                      Scenario#2 -- If JP is not able to survive next 3 yrs, buyer association has utilized JP services (engineers, contractors, etc..) and all other established hard negotiated channels from sourcing material to labor and has taken the construction to pretty advanced stage.
                      Mr bhuwan,

                      I am sure banks will not give a NO in writing. However, I am sure you know that not saying no is very different from saying YES.

                      The fact is that major decisions at JP are now not being made by Gaurs but by the lenders whose sole concern is getting back as much as of their loans back as possible, before a formal bankruptcy becomes inevitable. The so-called asset sales are in fact transfer of wealth from customers to banks. The best hope customers have of getting a sarkari subsidy ( indirect one) is to make sure banks continue to have heavy exposure to JP and the government is then forced to bail them out with public money ( please be sure that the government will never bail out any builder directly).

                      Also, while there is still a debate whether JP group as a whole will be able to come out of this mess, even Mr Manoj Gaur has made it clear that they don't see much of a future for the group in real estate. It is extremely unlikely that JP will ever launch another RE project. As a result, they have no incentive to deliver a quality product and maintain their reputation ( probably already destroyed beyond redemption) as their existing customers are already stuck and they don't expect to have any future ones. So, if JP acts purely rationally, buyers stuck in under-construction properties should not expect anything more than the minimum JP can get away with it, even in the unlikely event that these projects do get delivered without some sort of a bailout.

                      Comment

                      Tags: None
                      Have any questions or thoughts about this?
                      Working...
                      X