Announcement

Collapse
No announcement yet.

Jaypee Greens Wishtown, Noida

Collapse
X
Collapse

Jaypee Greens Wishtown, Noida

Last updated: 2 weeks ago
8881 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Jaypee Greens Wishtown, Noida

    Regarding the club, Super Area increase, delays etc - I and a few people are logging a case in NCDRC.

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by pkgandhi View Post
      JP group story is fairly simple. They borrowed money from banks ( at around 10%) and effectively borrowed from contractors ( at 0%) and customers ( at rs 5/sqft). They gambled this borrowed money on the bet that Indian economy will grow at double digits, they and their political partners will be able to muscle development around Noida and property prices would zoom. I think they had honest intentions, but the gamble failed badly.

      .
      Mate,

      When they failed badly, they used this wealth and made insane wealth, like putting this money into I*L fixing(extremely positive for jaypee), or pumping money into booming business abroad or local, like:

      1) Ranbaxy folks(sardars) eaten money of a Japanese firm, so there could be a case with jaypee where some xyz company has eaten theirs, now this is a negative precedent

      2) or the other case where you put your money into some booming business like OYOROOMS, a foreign bank invested their money and this business is doing great, so this a positive precedent for that foreign bank, am sure this would be a case with jaypee, i mean they must have put their money in good profitable businesses.

      3) another negative precedent, like recently peppertab call it quits, so when these companies call it quits, they usually eat money of their investors by showcasing losses in their balance sheets, jaypee might have lost money in an example like this, This is a similar case like of peter+indranni mukherjea, again this precedent is negative.

      Cheers
      Rahul

      PS: people who are projecting that jaypee doesnt have money are fooling the people, I have said it before, they have siphoned off their funds, or in some cases made great money and in some cases lost money, jaypee itself are portraying that they don't have money, they are just basking under some quotes, be realistic and focus on basic principles.

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by pkgandhi View Post
        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.
        Good God - one lie after the other. You have no idea what this is all about.

        After NCDRC - the only court of appeal (with valid reason) left for the builder is the Supreme Court. Which is NOT regular judicial system.

        You will not have to spend more than a few thousands and post the Unitech judgement - even these appeals will get thrown out most likely.

        12-15 years and Crores of Rupees post NCDRC judgements - Good God - you have any idea how things work.

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by dineshsays View Post
          Regarding the club, Super Area increase, delays etc - I and a few people are logging a case in NCDRC.
          Well,

          you have registered a case that is fine but at the same time should have adjusted the clubs amount, I mean at least the money you have paid upfront for the club.

          PS: this would be small money for you but for jaypee if they do this with their n customers, lets say 100 customers, 100(customers) * 100,000(club upfront money) = so jaypee pockets 1 CR.

          I mean, I can literally visualize, various levels of money minting by jaypee and frankly If you ask me you have stumbled on this point.

          Rahul

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            You think it is upto me to adjust the money

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by dineshsays View Post
              You think it is upto me to adjust the money
              certainly not but did you try?

              PS: I would have tried by level best if I were you and would have clearly shown my displeasure to jaypee and later at the time of taking keys would have warned them clearly that i will go berserk against them on the social media against them.

              Rahul

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by dineshsays View Post
                Good God - one lie after the other. You have no idea what this is all about.

                After NCDRC - the only court of appeal (with valid reason) left for the builder is the Supreme Court. Which is NOT regular judicial system.

                You will not have to spend more than a few thousands and post the Unitech judgement - even these appeals will get thrown out most likely.

                12-15 years and Crores of Rupees post NCDRC judgements - Good God - you have any idea how things work.
                SC works more like a lottery system. If they (Jaypee) are able to set foot into it and get appeal admitted. 12-15 years is the likely horizon if it goes into regular course.

                Jaypee is likely to cite its weaker financial position as an excuse to not being able to comply with the judgment. Lot depends on how it is handled by lawyers of association as how they play there cards. If the court wants to hear the matter, they will have two-three options. One they may ask for deposit of 50-100% of total compensation to be deposited in the court as condition to the hearing to the matter and some other favorable conditions like that. Two they might ask for expedited hearing, viz., hearing to be completed within 6-12 months time frame. Three, they have work hard on explaining comparatively poor financial condition of the resident really well (judges will empathize with it I am sure and that will help in getting either one or two or something like that).

                As of now, great victory by Kalypso folks!! Guys you rock!! You have made our lives a lot easier. thank you.

                Cheers!!

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by dineshsays View Post
                  Good God - one lie after the other. You have no idea what this is all about.

                  After NCDRC - the only court of appeal (with valid reason) left for the builder is the Supreme Court. Which is NOT regular judicial system.

                  You will not have to spend more than a few thousands and post the Unitech judgement - even these appeals will get thrown out most likely.

                  12-15 years and Crores of Rupees post NCDRC judgements - Good God - you have any idea how things work.
                  Mr dineshsays, once again you have exposed your utter ignorance of a technical subject you know nothing about but are happy to run your big mouth off on, throwing in personal insults at those whose intellect far exceeds yours for good measure. Please read the post by MeinSonu sir, who had some understanding of these matters to educate yourself.

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    And btw, NCRDC is not the only consumer court in India.

                    Comment


                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by pkgandhi View Post
                      Mr dineshsays, once again you have exposed your utter ignorance of a technical subject you know nothing about but are happy to run your big mouth off on, throwing in personal insults at those whose intellect far exceeds yours for good measure. Please read the post by MeinSonu sir, who had some understanding of these matters to educate yourself.
                      pk you don't need to be this condescending and please don't use this kind of language. I don't post to show off. I have learnt a lot from Dineshsays, and I have nothing against him. At times I had difference of opinion with him and will continue to have that.

                      For the record, I am not your supporter in the ridiculous war that is going on here.

                      Comment

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