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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: 2 weeks ago
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  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by invictus
    Any other "good news" expected from JP ? Hope people don't start to rabidly abuse me as a desperate bugger and accuse me of spreading sheer lies.

    Mr.Invictus.....Market is the ULTIMATE Judge

    Jaypee has Poor resale Demand

    Jaypee Has Poor Appreciation

    Even with Super low rates...Lower than Projects in noida extension...there are hardly buyers

    Even with Golf course (membership for which was sold for lakhs) and Hospital (Again made for ONLY profit).....Schools (Again made for ONLY Profit) - Education adn healthcare are recession free business...takes average 3-5 years to get ball rolling and after that cash regsiters start ringuing like crazy..................The Only Crowd of people lining up one sees in jaypee are desperate buyers protesting against builders


    Jaypee is not doing SAMAJ SEWA....he is doing Business...and he will put his mind, money in ventures which will give him PROFITS...MONEY.....and FAST
    Not in Ventures which are already Milked such as Real estate and maintenance of sold projects....

    Jaypee has Played his cards SO WELL....he pushed the buyers to such a limit that now the buyers simply want their flats...and expect nothing much from him.....this has been a planned move by jaypee and his team.....

    They increased super area upto 10%.....Reduced Quality and finishing....but buyers are still OK with it.....as jaypee made them so desperate that even just a finished Tower is enough

    Its the first time that Buyers of a builder can be seen behaving like CFO of jaypee and giving opinions as to how he should make more money....how he shoudl invest....how he should spend....whats his financial status and what mistakes he made.......!!!!!!!!!

    Is Gaur....some Chandu halwai who won a lottery and ventured in business.....???

    He is one of the shrewdest businessman and is backed by years of experience...He played his cards EXACTLY the way he wanted to

    He got free land to make an expressway.....He had big plans to venture into Other Ventures and wanted to fund them......he used RE to Fund his Other Ventures....
    As simple as that

    he also used RE to Make his Cash registers ringing......Black component of bookings done for his RE projects was as high as 30% in bulk bookings......


    PLEASE NOTE......JAYPEE AS A COMPANY IS IN DEBT......NOT THE GAUR FAMILY !!!!!!!!


    My ONLY ADVICE to any Buyer even Looking at Jaypee as on option lured by throwaway rates......

    - Monitor the property development and rates closely

    - This is RE and Even if by some miracle Jaypee is able to revive his RE projects....the changes in Rates could take MONTHS.....and at least WEEKS....to show positvitiy

    - Its not going to happen that 11 pm rates were 3500 psf...and after 12 hours...they are 4000 psf ......


    - If AT ALL you want to take a Risk......Extract MAXIMUM JUICE from the seller.....Its PURE business...Not personal.....
    Finalise a property....Have 2-3 meetings....Push the rates down.....
    AND ON THE DAY OF PAYING BAYANA
    Show the cheque book / Cash and PUSH THE RATES FURTHER DOWN...Leave him high and dry.....if need be.....

    Remember...the market is FULL OF SELLERS and HARDLY ANY BUYERS

    The Risk you are taking is a LOT...and the deal should be LOWEST POSSIBLE for you to even take that risk......

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      These kind of news of change of Director or company boards are irrelevant. What matters is action on the ground and people should only focus on that. New Director or manager comes and give you so and so promises. These are pointless. Only look for actual delivery of promises. Personalities and people involved as managers/directors is now irrelevant.

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      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by Bharatiya View Post
        These kind of news of change of Director or company boards are irrelevant. What matters is action on the ground and people should only focus on that. New Director or manager comes and give you so and so promises. These are pointless. Only look for actual delivery of promises. Personalities and people involved as managers/directors is now irrelevant.
        Sir please read the news again, he has only resigned as Director but will continue as Executive director. So the only reason could be to shield him.

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        • Re : Jaypee Greens Wishtown, Noida

          Is the date of next meeting with Jaypee is confirmed (3rd September)? Can someone confirm it and post any notification on this? Have a unit in Kosmos and I am looking to attend the meeting.
          Last edited September 2 2016, 02:31 PM.

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by invictus
            Mr prateek - The gentleman who was leading the last meeting from JP's side and had made lots of promises has resigned so you can imagine what results will come from the meeting even if it is held.
            Which Jaypee project are you invested in bro? Your interest and knowledge about Jaypee affairs seems unparalelled on this forum.
            Last edited September 2 2016, 02:32 PM.

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by prateekdelhi View Post
              Is the date of next meeting with Jaypee is confirmed (3rd September)? Can someone confirm it and post any notification on this? Have a unit in Kosmos and I am looking to attend the meeting.
              It is confirmed but Jaypee is only allowing 60 people from various projects to attend. Citing lack of space for a bigger audience. I am sure, minutes will be circulated a few hours after the meeting.
              Last edited September 2 2016, 02:33 PM.

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              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by dineshsays View Post
                It is confirmed but Jaypee is only allowing 60 people from various projects to attend. Citing lack of space for a bigger audience.

                I am sure minutes will be circulated a few hours after the meeting.
                @dineshsays

                It is laughable that JP one of the doyen in the real estate market cannot find a place to accommodate 500 people for a meeting planned a month in advance. It is clear that they expect the wrath of the impatient buyers and are only trying to shield their employees and directors.

                The resignation of one of the points man for the company resigning just days before a crucial meeting is nothing short of chicanery and playing with the buyers money. I think the end game is near and the company is being sucked into a maelstrom of its own making

                As an aside it was interesting to see that the CCI imposed the highest fine on JP, a company that neither had the highest installed capacity, nor were its plants working to optimum potential, but resorts to the most surreptitious and dubious methods. It is evident that the company had capabilities only in EPC and is an abject failure in all other sectors.
                Last edited September 2 2016, 11:39 AM.

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                • Re : Jaypee Greens Wishtown, Noida

                  Yup you are correct Sir.

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                  • Re : Jaypee Greens Wishtown, Noida

                    The 60 persons limit is gonna go out the window tomorrow. Its their money, why shouldn't they come.

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                    • Re : Jaypee Greens Wishtown, Noida

                      Message just sent to project leads (reps) - re tomorrow's meeting:

                      I request all the representatives of various projects who wish to be part of 60 for the meeting must reach the venue latest by *1000 on 03 Sep 2016* so that we can plan out our strategy. Various project leads have nominated certain members. I request all these nominated members and other who wish to be part of the meeting must reach by by *1000 on 03 Sep 2016*.

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