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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: 1 week ago
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  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by Bharatiya View Post
    Read the article. Its already mentioned. NCDRC ordered Unitech to pay 12% Penalty. But Unitech took stay order against NCDRC decision in SC. JP will do the same thing.

    Kalypso launched in 2007. Was supposed to be completed by 2011. Looking at present status, it won't be complete even by 2020. Most towers are still incomplete and JP's financial situation is bad.
    I think 2020 is off. Pending 6-7 towers will be ready by 2018. I am telling you from watching progress on a daily basis now. All towers are ready with internal walls done. But I've been wrong before so can't say this with 100% conviction.

    Lot of money is made by builder during handover also (with their 10% area increase especially)

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by dineshsays View Post
      I think they protested outside the main campus (where S&M) sits and there are a lot of people about - they wanted to get the Gaurs to speak so not too many options for the protestors.

      I def agree with you that the venue has to be chosen carefully and media coverage has to be there.

      My viewpoint is that more stress has to be given to logging well researched cases in NCDRC


      The route of law is not connected to protests

      Many lawyers would suggest against them also..as jaypee can file defamation case also

      I know the pulse of businessmen.....they will ONLY listen once they know the business is getting effected

      Jaypee RE business is flop anyways....but his other ventures should not be spared

      Look how amarapali saphhire guys out of box thinking got media involved


      Jaypee IS STILL A BRAND in hotel industry, recreation (golf, etc) and now also Healthcare

      Infact Healthcare is what they are seriously looking at.....

      Protestors instead of hitting a dead donkey should Hit the Winning Horses of jaypee

      Enjoy

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      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by ramkbokaro View Post
        What is there to challenge? Jaypee will have to pay!!!
        the same article quoted a similar ruling against Unitech which got stayed by Supreme Court later, So, any thing can happen.

        If JP had money, they would have focused on completing the projects. From where they will get the money to pay...they will possibly adjust this in the final settlement which such a day comes.

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        • Re : Jaypee Greens Wishtown, Noida

          I still don't think people on this forum get it - Jaypee has plenty of other assets - they need to sell faster and sell depressed. It is cash flow which is a problem.

          Anyone refuting this - please give a count of their assets and put a valuation against it.

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          • Re : Jaypee Greens Wishtown, Noida

            http://cms.nic.in/ncdrcusersWeb/GetJ...16-05-02&fmt=P

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            • Re : Jaypee Greens Wishtown, Noida

              Link to judgement

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              • Re : Jaypee Greens Wishtown, Noida

                Can anyone share cost involved in fighting a case in consumer court .

                I had fought a case approx 10 years back against a leading multinational bank (& won), the cost involved that time was max. 10k.

                This amount was for entire duration of the case approx 12-15 months.
                Last edited May 10 2016, 01:40 PM. Reason: Text formatting.

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                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by zohaib2012 View Post
                  The route of law is not connected to protests

                  Many lawyers would suggest against them also..as jaypee can file defamation case also

                  I know the pulse of businessmen.....they will ONLY listen once they know the business is getting effected

                  Jaypee RE business is flop anyways....but his other ventures should not be spared

                  Look how amarapali saphhire guys out of box thinking got media involved


                  Jaypee IS STILL A BRAND in hotel industry, recreation (golf, etc) and now also Healthcare

                  Infact Healthcare is what they are seriously looking at.....

                  Protestors instead of hitting a dead donkey should Hit the Winning Horses of jaypee

                  Enjoy
                  zohaib sir,

                  Gaurs still have plenty of businesses that are not yet a flop, but they have also been smart enough to move them to separate companies that might possibly survive when the RE house of cards comes down. Unless one can prove that money was taken out of RE business illegally, JP investors will not have recourse to private assets of the Gaurs.

                  As I have been saying, lawyers are going to a make a killing in the whole situation.

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by bhuwan View Post
                    Can anyone share cost involved in fighting a case in consumer court .
                    I had fought a case approx 10 years back against a leading multinational bank (& won), the cost involved that time was max. 10k.
                    This amount was for entire duration of the case approx 12-15 months.
                    Mr bhuwan, the real issues arise when the consumer court judgement is appealed against and you have to go into the regular judicial system, where one might have to spend crores and it might take 12-15 years.

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                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by dineshsays View Post
                      I think 2020 is off. Pending 6-7 towers will be ready by 2018. I am telling you from watching progress on a daily basis now. All towers are ready with internal walls done. But I've been wrong before so can't say this with 100% conviction.

                      Lot of money is made by builder during handover also (with their 10% area increase especially)
                      Dinesh mate,

                      You paid money for club upfront and taken possession, now the club is not ready.

                      so haven't you adjusted that club money payment(with interest) against your last set of payments like 5% pending amount and this 10% super area, I mean reading your post you seems to have stumbled on this point.

                      Rahul

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