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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: December 11 2021
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  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by ranjaon View Post
    Sir....if you want positive/ happy news....subscibe to builders newsletters...you will feel positive.

    Keeping an eye n builders financials is not an end users/investors job.

    The forum represents what is happening....which is a RE meltdown. People losing money/ home is not a positive thing for anyone...and you will feel it any forum which is public owned.

    An end user is not concerned about economy...he just needs a home...that he has/is paying for... what BS are you talking about?

    Arguing about cement prices....how is that an investor/end users concern?
    I assume you have already bought your house and now waiting for delivery. How does matter what is posted on this forum, do you think your builder reads this forum and then acts.

    Since the people are stuck, they are exchanging ideas and collating the info, so that they can use the knowledge to their advantage, if they should lodge a protest against the builder or go legal.

    So let the ideas and information flow unhindered, each can use his acumen to separate the wheat from the chaff. No one is being compelled to read each and every post.
    Last edited May 16 2016, 09:03 PM. Reason: Text formatting.

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by IPNoida View Post

      Of course Jaypee redirected money and every other group in India redirects revenue to other business where they expecting more growth. If other business goes down then it impacts all businesses.
      IPNoida ji

      You got this completely wrong. Every conglomerate company invests profit from one venture into the other venture. No company has right to invest revenue from one venture into another venture. Profits and Revenue are different things.

      JP has right to invest profit earned from RE business to its venture in power sector. BUT, JP doesn't have right to put money of home buyers from RE business into failed power projects.

      If i give money to JP for an apartment, JP has no right to use my money to build a Hospital or F1 Track. JP should provide me my Apartment, whatever profits JP makes in sales, it has liberty to do use it however it wants.

      Revenue from JP RE to fund JP power/JP Sports is a FRAUD.

      Now coming to solutions. Keeping aside all the small details. There are 4 scenarios for home buyers.


      1. Trust JP that it will deliver on projects. JP is giving new deadlines every year. Tareek pe Tareek. Keep hope in deadlines and hopefully JP will deliver.....one day.

      2. Go to NCDRC for penalties on delayed projects. NCDRC may (or may not) award the penalties and compensation to home buyers for delayed projects. But JP will never pay it. Instead JP will challenge NCDRC decision in SC (or any other high court) and easily get the stay order. Same thing happened with Unitech.

      3. Wait for RE Regulator to come in force in next 2 years. Challenge JP in RERA Regulatory forum. RERA regulator may (or may not) award compensation to home buyers along with necessary penalties. Once again, JP can (and definitely will) challenge the RERA decision in SC (or any other high court) and get a stay order.

      From my understanding in scenario 2 and 3, you will ultimately have to fight in SC. So i recommend the 4th scenario.

      4. Don't wait for RERA. Don't go to NCDRC. First make an association of WT covering all projects. Gather as much home buyers you can get, specially those whose possession is long delayed where JP has only built super structure till date and rest of the work is stopped. Gather senior citizens. At least gather 500-600 such buyers. More the better.

      Then collectively file a Petition on SC about fraud and harassment by JP regarding all the delayed projects. Get a good lawyer and be prepared to fight for 4-5 years.

      You know about compensation and penalty clauses. But in your petition, you MUST ask SC to appoint an Arbirar to audit and liquidate all JP's unencumbered assets specially in RE sector. All the cash raised from liquidating these assets should be used to complete all pending apartments as well as paying for delay penalties.


      Such case in SC is a tiresome and time consuming. But its the only way to get your house from JP.
      Last edited May 16 2016, 10:38 PM.

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      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by ranjaon View Post
        Sir....if you want positive/ happy news....subscibe to builders newsletters...you will feel positive.

        Keeping an eye n builders financials is not an end users/investors job.

        The forum represents what is happening....which is a RE meltdown. People losing money/ home is not a positive thing for anyone...and you will feel it any forum which is public owned.

        An end user is not concerned about economy...he just needs a home...that he has/is paying for... what BS are you talking about?

        Arguing about cement prices....how is that an investor/end users concern?


        BANG ON TARGET


        The tragedy of this forum has been....when projects were launched...members would speak from the brochures....and inspite of repeated warninngs failed to see the basics

        Now when things are rotting....many members are still not ready to accept the reality "AT LEAST PUBLICALLY"....as it may further deteoriate the already crumbling builder image.......jab nikal nahin saktey...to samjhauta kar lo...

        The problem happens...when the one stuck is calling others to dive into the well..and one starts believing in it


        The extent of discussing is mind boggling....members who failed to understand the simple RE market are now busy discussing strategies a builder should have had or should have in future

        Arrey Gaurs are no on street

        Who is paying for their Lifestyle....JP Gaur moves around in helicopters....who is paying

        Do you think they as individuals are in debt ????


        Jaypee sold Thousands of flats....and a huge % of them had HUGE cash component....every jaypee broker knows this.....3500 psf paid to builder....out of which 2500 psf on paper and 1000 psf in cash...

        this is normal in Noida RE.....nowadays upto 30% can be paid in cash

        Jaypee as a COMPANY is under debt.....and i am sure everyone knows that ALL THESE CALCULATIONS of the financial health of the company is ONLY FOR WHITE MONEY

        The cash component of Benaaami businesses are NOT ACCOUNTED for and can never be


        Gaurs are still as filthy rich as ever...even more...

        Their companies are in a mess....even if they close down...nothing will happen personally to gaurs

        They are as it is now focussing on healthcare and hospitatlity

        Enjoy

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        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by wishtownhope View Post
          HDFC stops any further payment to Jaypee WT projects from the home loan account! Heard other banks like ICICI and Axis doing the same. Request experts to suggest what's the way out and what could be the implications?

          Just to clarify again, this is already sanctioned home loan, Jaypee sent demand letter for a time-linked payment plan property to which HDFC refuse to make the payment!

          Look forward to your valuable input on this....


          Such a VITAL and IMPORTANT Query has no replies....But if one says that Jaypee Wishtown has problems....expect 10 Replies

          Proves exactly whats WRONG with this forum...spl in Jaypee sections


          I am sorry Mr.Wsihtown...I dont have any input for ur query above...but hope someone will advice you properly.

          Just wanted to highlight the major problems such forums have....

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by zohaib2012 View Post
            Such a VITAL and IMPORTANT Query has no replies....But if one says that Jaypee Wishtown has problems....expect 10 Replies

            Proves exactly whats WRONG with this forum...spl in Jaypee sections


            I am sorry Mr.Wsihtown...I dont have any input for ur query above...but hope someone will advice you properly.

            Just wanted to highlight the major problems such forums have....


            Acha Zohaib bhai suna hai 4500 customers ko fresh possession letter issue
            Kiya hai Jaypee ne? Kya khabar sachhi hai? Apko kuch pata hai kya?

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            • Re : Jaypee Greens Wishtown, Noida

              KNOWN FACT TO ALL RE Dealing chaps on yamuna expressway

              Way back in BSP era...when Jaypee was on a high...he found himself in a issue

              The land bank which he got for FREE in tappal are (near aligarh) was found to be Rather Useless for his business...

              But since that was the part of the deal.....getting parcels of land along the expressway for FREE to build the expressway
              Nothing much could be done about it.

              So this is what Jaypee and BSP Did

              They bribed a section of farmers in Tappal to STAGE a protest against Them !!!! for the land deal....compensation, blah blah blah

              It was a massive protest in which firing took place and some poor farmer also lost his life.


              Jaypees legal team then took U.P Govt (then BSP) to court and said...that they are unable to hand over the land as promised...they need compensation

              U.P govt. In EXCHANGE of that USELESS Land in Tappal formally announced to give parcel of land Near Gnoida (this was ofcourse well decideed before and all the drama was staged to achieve this only)

              The agreement was made....jaypee got MORE "SALEABLE" land near F1....(approx the area where Gaur city is launched and jaypee aman 3 is planned)....and got rid of parts of tappal land

              Jaypee then recently sold a part of that land bank to other developers and made crores....


              This is how "BIJNESSS" is done in india....and in RE.....while the 30% tax paying junta is counting pennies

              BARTER SYSTEM still exists ....in a huge way.....

              Enjoy
              Last edited May 17 2016, 01:03 AM.

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              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by ramkbokaro View Post
                Acha Zohaib bhai suna hai 4500 customers ko fresh possession letter issue
                Kiya hai Jaypee ne? Kya khabar sachhi hai? Apko kuch pata hai kya?


                Aise possession LETTER hazaron log leke baithey hain all over noida....

                na facilties mileen..na club....construction all around...and all the mumbo jumbo


                Authority issuing NOC, CC to individual towers is a Bloody joke played on the poor service class who is buying flats...

                The Authority should NOT allow any possession letter or CC, NOC...till the entire project is ready


                What next....NOC, CC, Possession letters for individual Flloors ????


                Barbaad kar ke rakh diya hai buyer ko......

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by zohaib2012 View Post
                  Aise possession LETTER hazaron log leke baithey hain all over noida....



                  na facilties mileen..na club....construction all around...and all the mumbo jumbo





                  Authority issuing NOC, CC to individual towers is a Bloody joke played on the poor service class who is buying flats...



                  The Authority should NOT allow any possession letter or CC, NOC...till the entire project is ready





                  What next....NOC, CC, Possession letters for individual Flloors ????





                  Barbaad kar ke rakh diya hai buyer ko......


                  Arey sawal kuch aur tha aur uttar kuch aur de diya aapne..kripya fir se padhiye [emoji23][emoji23][emoji23]

                  Aise main net per , noida authority ki website per search kar raha hu..iss news ki satyata janane ke liye

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by ramkbokaro View Post
                    Acha Zohaib bhai suna hai 4500 customers ko fresh possession letter issue
                    Kiya hai Jaypee ne? Kya khabar sachhi hai? Apko kuch pata hai kya?
                    Don't know about the details. As per my calculation. WT launched in 2008, but Only 20% of WT Apartments will be ready by end of this year. Some of these are given possession and more will will be handed over for possession by this year's end.

                    These are some of the towers that are completed after 4-5 years delay. But many other towers are only done till Superstructure and work is stopped at present. No hope in completion of these towers.

                    If your Apartment is at point where 90% of work is DONE (walls, interiors, tiles, furnishing + Building services (elevators, fire safety, EMP (electrical mechanical plumbing) etc). Then there are good chances for possession by end of this year. If not, then there is no definite date of possession.

                    Comment


                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by Bharatiya View Post
                      Don't know about the details. As per my calculation. WT launched in 2008, but Only 20% of WT Apartments will be ready by end of this year. Some of these are given possession and more will will be handed over for possession by this year's end.

                      These are some of the towers that are completed after 4-5 years delay. But many other towers are only done till Superstructure and work is stopped at present. No hope in completion of these towers.

                      If your Apartment is at point where 90% of work is DONE (walls, interiors, tiles, furnishing + Building services (elevators, fire safety, EMP (electrical mechanical plumbing) etc). Then there are good chances for possession by end of this year. If not, then there is no definite date of possession.


                      Thank you!

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