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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

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

    You quoted a bizzare figure of Rs 1000 crore, that should have been a cakewalk for JP, at least before they were debilated by the bank action. But still they just twiddled their thumbs.

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by Bharatiya View Post
      Don't compare Delhi to Noida. Delhi has property tax so Municipal corporation provides all maintenance to DDA localities (roads, parks, water, garbage disposal etc). However MCD doesn't do any maintenance of DDA flats, only locality Infrastructure.

      By the way, in new DDA flats. DDA is even responsible for super area maintenance while MCD maintains locality Infrastructure. DDA collects one time charges for this at time of allotment.
      Bharatiya Ji - you are hard into nitpicking these days and simply attacking my posts for the heck of it, and this is not even an important argument. I meant to say in a freehold scenario in a private complex - inside the premises - civic authorities have no role to play. Similarly, Greater Noida Authority having given the Ansal property on Freehold will hv no role to play inside the complex.

      I lived in Delhi all my life (till recently) and family bought and sold 3 DDA properties amongst others - paid property tax yearly and went inside civic authorities multiple times for some work or the other

      So, please don't lecture me. And let's move on to a relevant aspect.

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      • Re : Jaypee Greens Wishtown, Noida

        @dineshsays this is the exact same situation for WT, any internal issues will not be addressed by the authority, so it is important that either JP or some financially strong company takes over. If the projects are sold piece meal then it would impossible to maintain the common areas.
        Even though you have the maximum lowdown and insight into WT but it seems you are blinded and only trying to silence any one who has a divergent view point.
        One simple question if JP is forced to sell all income generating assets and the money only goes to lenders to repay loans, where does that leave the buyers.

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        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by jollygood View Post
          You quoted a bizzare figure of Rs 1000 crore, that should have been a cakewalk for JP, at least before they were debilated by the bank action. But still they just twiddled their thumbs.
          Yaar - meri choda na - you are predicting doomsday. Against - what metric and what basis - I would like to know.

          You are writing deep melcholies - firm and resolute, sure of yourself.

          But you have zilch idea what is needed.

          Jaypee this year alone has sold 20000 crores of assets - what twiddling their thumbs.

          I ask again - you are sure WT is no more - but how much is really needed for WT - that you have no inkling, of?? That I find strange.

          How about an educated backhanded guess.

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by jollygood View Post
            You quoted a bizzare figure of Rs 1000 crore, that should have been a cakewalk for JP, at least before they were debilated by the bank action. But still they just twiddled their thumbs.
            What's your number ??? or everything going hawabazi ???

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by Bharatiya View Post
              Hello Dinesh Sir,

              Does WT Plots have any lease rent to be paid to NA?
              Sir - Noida is a lease-hold zone - lease rent is to be paid on every property transaction, when sub-leasing from builder - it's typically a one time lease rent.

              Typically 1% of premium - some 70-100 psf - best person would be VedKapoor; to tell you about this for plots.

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              • Re : Jaypee Greens Wishtown, Noida

                Jaypee have charged Rs 600 / sq yard as one time lease rent
                Do unto others as if you were the others.

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                • Re : Jaypee Greens Wishtown, Noida

                  ok Dinesh sir.

                  @kp1plotbuy

                  You were asking me about how much money needed to complete WT. Since Mr Dinesh came up figure of 1000-2000 crore. I will give you my take on this.

                  This is very complex matter as i already said. First of all to make any correct analysis on this subject. A team comprising of Engineers, financial consultants, accountants and evaluators is needed. Then these people needed to be given full information about present status of WT. WT is 35000 houses not some project with 500 houses. How many Apartments and infrastructure is pending right to every detail of single apartment. Not many contractors are interested to work with JP because of previous payment disputes. Details of previous contractors is also needed so as to pay these contractors and bring them back to WT to start work. Also many apartments are CLP and funding can be unlocked by starting these stalled projects. All this information has to be factored in. Also information needed about funding required to completion of Clubs, swimming pools and other facilities. Also JP owes money to creditor banks in various projects and installments and pending dues for these should also be taken into factor.

                  I am not a magician and i cannot pull a number out of my magical hat.

                  But i tell you this. It would certainly take more than couple of thousand crore to complete WT as per originally intended full township.However significant costs can be saved if JP abandons projects and towers where they have not yet even built a superstructure.
                  Last edited September 2 2016, 11:18 PM.

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                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by VedKapoor View Post
                    Jaypee have charged Rs 600 / sq yard as one time lease rent
                    Thanks Ved Sir for confirming

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                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by Bharatiya View Post
                      ok Dinesh sir.

                      @kp1plotbuy

                      You were asking me about how much money needed to complete WT. Since Mr Dinesh came up figure of 1000-2000 crore. I will give you my take on this.

                      This is very complex matter as i already said. First of all to make any correct analysis on this subject. A team comprising of Engineers, financial consultants, accountants and evaluators is needed. Then these people needed to be given full information about present status of WT. WT is 35000 houses not some project with 500 houses. How many Apartments and infrastructure is pending right to every detail of single apartment. Not many contractors are interested to work with JP because of previous payment disputes. Details of previous contractors is also needed so as to pay these contractors and bring them back to WT to start work. Also many apartments are CLP and funding can be unlocked by starting these stalled projects. All this information has to be factored in. Also information needed about funding required to completion of Clubs, swimming pools and other facilities. Also JP owes money to creditor banks in various projects and installments and pending dues for these should also be taken into factor.

                      I am not a magician and i cannot pull a number out of my magical hat.

                      But i tell you this. It would certainly take more than couple of thousand crore to complete WT as per originally intended full township.However significant costs can be saved if JP abandons projects and towers where they have not yet even built a superstructure.
                      Soooo... predicting doomsday requires the grand total of one keyboard pusher, while predicting revival needs teams of people.

                      Sahi dost - jab paint utarni hai to button kholdo, paint chadhani hai to crane chahiye

                      Chalo thodi mehnat karo, backhanded to karo - let's get it right to the closest 0000 (ie ten figures or twelve) wahin se assess kar lenge - I'll help you on your way.
                      Last edited September 2 2016, 11:37 PM.

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