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Jaypee Greens Wishtown, Noida

Last updated: August 17 2020
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  • Re : Jaypee Greens Wishtown, Noida

    In a Nutshell...IN SIMPLE Words

    NEGATIVES:
    ==========
    1. Jaypee is in a BAD Financial Mess, which wont be over soon.

    2. Jaypee is NOT looking at RE as his future business goal...but is shifting his focus on other horizons such as Hospitals, etc
    The Prime land bank is already sold

    3. Jaypee NEVER had the intention to complete his RE projects and was using it to fund his other "Dream" project. This is Proven by the fact that when Jaypee was financially Strong and had Full backing from Goverments...then too..he did not give any positive impact to his RE business..which clearly create a doubt in buyers mind for his Intentions.
    Successful RE developers like ATS always give a Positive feel to their buyers regd their intentions....not only to Make a Project..But also maintain it

    4. Jaypee is a Township which requires 100% commitment from Jaypee for maintenance...Noida authority will NOT change a Bulb even.
    With Time Things WILL Fall apart....and require Proper maintenance.
    The density is high spl. Non GC side....and Thousands of flats UC .....This means the load on infra will be high and Unlike Noida authority sectors..Jaypee wont do it for Free ...
    Considering their past record of siphoning off funds ...one can expect the maintenance money from projects going for construction of theri lagging behind projects


    POSITIVES
    =========

    1. Good Location....BUT...There are many other sectors, projects with similar location and better location

    2. Construction quality is better than majority noida developers.

    3. Many of their projects have less density than majaority in noida


    FACTS
    ======

    1. Jaypee has never matched the demand and resale rates in Noida even when RE was its peak....it proves that market sentiment towards it has always been not so positive.

    2. Demand and Resale of Jaypee remains Poor.
    Buyers are stuck and cannot get out.


    OPINION
    ========

    1. Too much of a risk for a buyer to buy in Jaypee

    2. "Long term" optimistic planners can think about PLOTS Only....NEVER EVER Flats....Donot forget that Flats always lose value and demand with passage of time....After 05 years..even if Jaypee reovers from the mess...the flat would be OLD...and would not have much interest from market....
    There is a Reason why ATS Village sector 93 Doesnt have many buyers...inspite of its resale rates going down
    There is a Reason why Old societies in noida..which are hardly 5-6 years old...inspite of all positives donot rule the market

    Flats are ALWAYS in supply.....and will always be....

    Yes....Plot owners....the day jaypee recovers...you will be far better off.

    3. Many existing buyers with jaypee who are stuck...have no choice but to wait and hope for best...Many buyers would not even support the idea of Public hue and cry and protests which catch the eye of media...as that would have more negative effect on demand and resale...

    4. Market is KING....Never Ever Doubt it....Market decides everything....it encompasses everything.....


    Enjoy

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by zohaib2012 View Post
      In a Nutshell...IN SIMPLE Words

      NEGATIVES:
      ==========
      1. Jaypee is in a BAD Financial Mess, which wont be over soon.

      2. Jaypee is NOT looking at RE as his future business goal...but is shifting his focus on other horizons such as Hospitals, etc
      The Prime land bank is already sold


      3. Jaypee NEVER had the intention to complete his RE projects and was using it to fund his other "Dream" project. This is Proven by the fact that when Jaypee was financially Strong and had Full backing from Goverments...then too..he did not give any positive impact to his RE business..which clearly create a doubt in buyers mind for his Intentions.
      Successful RE developers like ATS always give a Positive feel to their buyers regd their intentions....not only to Make a Project..But also maintain it

      4. Jaypee is a Township which requires 100% commitment from Jaypee for maintenance...Noida authority will NOT change a Bulb even.
      With Time Things WILL Fall apart....and require Proper maintenance.
      The density is high spl. Non GC side....and Thousands of flats UC .....This means the load on infra will be high and Unlike Noida authority sectors..Jaypee wont do it for Free ...
      Considering their past record of siphoning off funds ...one can expect the maintenance money from projects going for construction of theri lagging behind projects


      POSITIVES
      =========

      1. Good Location....BUT...There are many other sectors, projects with similar location and better location

      2. Construction quality is better than majority noida developers.

      3. Many of their projects have less density than majaority in noida


      FACTS
      ======

      1. Jaypee has never matched the demand and resale rates in Noida even when RE was its peak....it proves that market sentiment towards it has always been not so positive.

      2. Demand and Resale of Jaypee remains Poor.
      Buyers are stuck and cannot get out.


      OPINION
      ========

      1. Too much of a risk for a buyer to buy in Jaypee

      2. "Long term" optimistic planners can think about PLOTS Only....NEVER EVER Flats....Donot forget that Flats always lose value and demand with passage of time....After 05 years..even if Jaypee reovers from the mess...the flat would be OLD...and would not have much interest from market....
      There is a Reason why ATS Village sector 93 Doesnt have many buyers...inspite of its resale rates going down
      There is a Reason why Old societies in noida..which are hardly 5-6 years old...inspite of all positives donot rule the market

      Flats are ALWAYS in supply.....and will always be....

      Yes....Plot owners....the day jaypee recovers...you will be far better off.

      3. Many existing buyers with jaypee who are stuck...have no choice but to wait and hope for best...Many buyers would not even support the idea of Public hue and cry and protests which catch the eye of media...as that would have more negative effect on demand and resale...

      4. Market is KING....Never Ever Doubt it....Market decides everything....it encompasses everything.....


      Enjoy
      It means jaypee intention was to cheat 35,000 families from day 1 with the help of Noida authority and state government.

      All 35,000 families should register case against Jaypee. 300 to 400 peoples are already filing case in NCDRC. They may have to file case again in Supreme court.

      RERA and bankruptcy Bill will also help from next year. Very strong advocate is only hope to get away from this problem.

      Why are we talking about Buy/Sale and demands? we all should stand against cheater.
      Buy/Sale Demand all these talks help fraud builder to divert peoples. Fraud is Fraud. No one should support Fraud.

      Some of the possibilities:

      1. As per the Supreme court order, Noida Authority can acquire all lands, properties, F1 track, Hospitals and home etc from jaypee and complete remaining construction with this money.
      2. Maintenance can also handle by Noida authority.
      Last edited May 15 2016, 04:15 AM.

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by kaka12 View Post
        It means jaypee intention was to cheat 35,000 families from day 1 with the help of Noida authority and state government.

        All 35,000 families should register case against Jaypee. 300 to 400 peoples are already filing case in NCDRC. They may have to file case again in Supreme court.

        RERA and bankruptcy Bill will also help from next year. Very strong advocate is only hope to get away from this problem.

        Why are we talking about Buy/Sale and demands? we all should stand against cheater.
        Buy/Sale Demand all these talks help fraud builder to divert peoples.

        Some of the possibilities:

        1. As per the Supreme court order, Noida Authority can acquire all lands, properties, F1 track, Hospitals and home etc from jaypee and complete remaining construction with this money.
        2. Maintenance can also handle by Noida authority.


        - The Interntion was simply to use RE to fund his other ventures....I was working for the biggest broker of jaypee during RE boom...and even at that time....it was known to everyone that "BIG DELAYS" are normal with jaypee ......

        - Jaypee has a Huge % of investors....and for them to go to courts is not a great idea...its the end users who feel the pain and eventually go to courts...and in them also many would think that by going against builder in a negative way will go against them....as eventually jaypee still has to maintain everything for them....others may feel..that they will be doing negative marketing for their own property

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by zohaib2012 View Post
          - The Interntion was simply to use RE to fund his other ventures....I was working for the biggest broker of jaypee during RE boom...and even at that time....it was known to everyone that "BIG DELAYS" are normal with jaypee ......
          Money has been pilfered abroad.
          Mallya atleast has valuable shares in UBL etc which are worth 10,000 crores.

          Mallya is 10x more bothered about his reputation
          What will government have left to sieze from Gaurs?
          The poor bastard didn't even know that 10 percent of the net was 10 percent of nothing - Mario Puzo, The Last Don

          Promters have already taken loan against 80-90% of their shares. How they haven't got a margin call after their shares having fallen 95% in value is amazing.
          Please start using Gaurs instead of Jaypee because that's where the money is.
          Last edited May 15 2016, 02:33 PM.

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Post NCDRC judgement...Next step now Gaur's might want to wash their hands off their entire real estate portfolio.
            Wishtown's future looks very bleak. Promoter's don't seem to have any motivation to continue.

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              How much time you guys have to post same negative stuff? Funny one is "Mallya atleast has valuable shares in UBL etc which are worth 10,000 crores". Sir, you have no idea. Mallya mortgaged his UBL stocks also for loan so it's less than 1200 crore only.

              Jaypee condition is bad as any builder in Noida. Tell me 1 big builder who is doing better. ATS bought land bank in sec 150 have to build cricket stadium now. Let's talk ATS in 2years as they themselves having hard time selling new apartment at decent price. No buyer for under construction apt. Exceptions are 1-2 society small builders as they had nothing else to invest and built apt with decent construction but chori they also did by constructing more and made high density areas e.g. gulshan and exotica.

              It's reality most of builders redirect money to their other ventures. Jaypee had power, roads etc...Amrapali, Wave had movie production, politics etc. Small builders will simply buy more land e.g. earth, patel etc.

              Condition is bad for almost all businesses currently. New central Govt could not do more than UPA except few areas. you are seeing long term investments going bad everywhere or looking bad currently.

              Now, what should we do as end user or small time investor? Wait for economy to get back on track. Investors anyway knows this and should look for 5-7years period. End-users immediately take legal action.

              I would not listen to negative people who just gives negative energy to everyone they meet. You must have avoided your neighbours who are always talking negativity for others so follow same in life including real estate. Look for positives and work towards solution. Investor-wait, end-users go to court, media etc to get apartment asap. But remain positive and stay with positive people. Apartment or small financial stress should not make us follow negativity which will pass to our life also including family.

              So stay positive, look for solution and avoid people who just spread negativity everywhere.

              Bura Sunoge to Bura Karoge
              Last edited May 15 2016, 09:13 PM.

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Summary..bury your head in sand and wish things are ok....magnificent solution by very high order humanoid.

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by IPNoida View Post

                  It's reality most of builders redirect money to their other ventures. Jaypee had power, roads etc...Amrapali, Wave had movie production, politics etc. Small builders will simply buy more land e.g. earth, patel etc.
                  What makes you think that the money isn't in Singapore,Dubai,Hong Kong,British Virgin Islands?
                  Do you think Gaurs are running a charity with the money they earned?
                  They wasted so much money and didn't manage to save any? Is that why half lack crores of loans wasn't enough to finish construction?.


                  I would not listen to negative people who just gives negative energy to everyone they meet.

                  So stay positive, look for solution and avoid people who just spread negativity everywhere.
                  There's a difference between being hope and being positive. If you have a plan then it's easy being positive
                  At the moment what's the plan, hope that historical construction rate suddenly reverse?
                  You might as well hope that construction costs come down 30-40% because that's what they have gone up by from booking period.

                  What will being faitful to the Gaurs earn you? A sudden turnaround against consistent 4-5 year historical trend of slow to missing construction(orchards/kube/)..

                  I agree with you, most other builders arent in any way better
                  The reason JP threads get so many posts is because of the number of units, people promoting it from inception which creates disagreement with those who think otherwise.

                  Also keep in mind none of ther builders got so much in way of loans from formal banking system.
                  JP also didn't have to pay for land. No installment scheme for them.
                  Builder gets free land and still can't finish construction tells you something..
                  Last edited May 16 2016, 08:31 AM.

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    the reason jaypee threads are so active is because of jaypee agents constantly providing false info...and then other users have to correct them...

                    i can easily point out the members here who are obviously being paid by jaypee. one such id was kp1plotbuy or something similar sounding. that guy would reply on every jaypee thread within minutes of a post...he would insult everyone who said anything negative about jaypee. i think he is banned now. good riddance.

                    Comment


                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by boomer View Post
                      JP also didn't have to pay for land.
                      .
                      So this is kind of people you definitely have to avoid. Spreading negativity with their negative energy and misinformed. Nothing is free in this world.

                      Yamuna Exp construction cost - 12500 crore approx
                      Actual Construction cost - 3000 crore
                      Land compensation cost - 6500 crore + enhanced compensation after court cases

                      Exp worth 3000-3500crore. Rest paid with undeveloped land in 5 parcels with value of year 2000 when deal was signed. You know how much land was worth back in 2000.

                      So Jaypee spent cash 12k+ crore for exp and got land + exp currently worth 3k crore.

                      With estimate for motor traffic on exp mis-calculated by survey agencies so not enough revenue. Only 2 land banks being developed currently. Money redirected for expansion in other areas as India growth was expected to continue to exceed and enough revenue expected from cement, power investment. But..india growth slowed. demand for cement, power slowed which lead to drop in cement prices by half. So Jaypee's business plan went bad.

                      Does it matter to us Jaypee's problems? No. Therefore we should make groups and file cases and get our apt and plots developed.

                      Just spreading negativity doesnt help. As you can boil your blood but its no solution. Look for solution and avoid negative people.

                      Comment

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