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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: June 18 2021
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  • Re : Jaypee Greens Wishtown, Noida

    PS: just 2 weeks ago I went in an area [just not telling you the exact location but its very close to Noida, rather consider it Noida only] and the all inclusive rate prevails around 3k per square feet in there, and I was blown away by looking at the number of occupancy of the apartments[the apartments are in huge number, in fact finished apartments are in huge numbers] and then again blown away by looking at the traffic on the highway, I stayed there for 3 hours and was literally shocked, I was aware of this area for years and was under impression that I would see mere 100-500 people, so if I compare this area with wishtown, wishtown is a ghost town where the prices prevail around 5k but at the same time the public move towards cheaper price which is around 3k all inclusive in the area in question, and in that area the finished apartments are like orders of magnitude more than wishtown, this is explosive information, and I feel that its important to see different areas with different price points.

    2) This information has done a world of good to me and I am sure if you are reading this, will benefit you in one way or the other.

    Cheers
    Rahul
    Last edited March 19 2017, 02:55 PM.

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      Rewari is next to Gurgaon..
      Kundli is next to delhi

      Doesnt mean you buy there!

      I think you went and saw Raj Nagar Extension by the way you described things... No comparison whatsoever to Wish Town in terms of location, Gentry...

      Comment


      • rahk2012
        rahk2012 commented
        Editing a comment
        Well I believe Raj nagar extn has nothing to do with noida, it has to do with Ghaziabad, and no its not raj nagar extn and the gentry I saw looked Urban and well off ..

    • Re : Jaypee Greens Wishtown, Noida

      I have already booked a flat in 2009. But it has not completed till today & and there has been no work since last 4 years. Please suggest me what to do?
      Last edited March 21 2017, 08:47 AM.

      Comment


      • rahk2012
        rahk2012 commented
        Editing a comment
        well which project? there is some hope for kosmos and klassic, others are like totally dead.

    • Re : Jaypee Greens Wishtown, Noida

      There is a big factor that I can see these days and its going to be a big factor why Noida and Gurgaon markets would keep crashing for the next 5 years:

      suppose there is a 4 bhk, I see various groups on facebook which are inviting people to have a room with single occupancy and double occupancy, they offer very good facilities and rent varies from 5k-13k [like 5k for double occupancy and around 10-13k for single occupancy], the facebook groups are flooded with these offers and spread thorugh out noida and gurgaon and even Delhi, and trust me this is one of the big factors that tells you how much inventory is available unused, my suggestion is to hold money and if you want to buy, buy only plots in authority sectors, why plot and why authority sectors, I have listed enough times why, My big suggestion is to avoid apartments and go for authority plots[not buider plots], In around 2 years from now, I guess informed people will get a great opportunity to make great investments, it will only happen if you have a good circle that can feed you correct and good info and good RE fundamental knowledge.

      Cheers
      Rahul

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        ET Realty



        Jaypee Infra seeks loan at 16-17% amid financial woes

        Jaypee Infratech, which has been forced to sell its cement and power assets to repay debt and is yet to deliver lakhs of apartments, has sought a fresh restructuring of its debt

        Sidhartha | TNN | March 23, 2017, 08:01 IST


        NEW DELHI: Lenders to cashstrapped Jaypee Infratech are seeking a forensic audit of its operations at a time when the company is planning to take loans from Yes Bank and Edelweiss at over 16-17% as it battles a financial problem with massive debt.

        Jaypee Infratech, which has been forced to sell its cement and power assets to repay debt and is yet to deliver lakhs of apartments, has sought a fresh restructuring of its debt. This has prompted its lenders, led by ICICI Bank and IDBI Bank, to seek a forensic audit. The audit will ascertain if the funds have been used for the purpose for which they were assigned.

        A detailed questionnaire sent to a Jaypee spokesperson on March 9 went unanswered.

        At least twice over the past one month, the Jaypee brass were asked by a majority of its lenders to clear unpaid installments. The company management led by Manoj Gaur has in formed the banks that it is close to finalizing Rs 1,100 crore term loan from Yes Bank at 16.25% interest. To secure this loan, Jaypee has offered Yes Bank first charge on revenues from the 165-km Yamuna Expressway . The expressway earns Rs 300-350 crore revenues to Jaypee annually .

        Jaypee Infra is also in talks to borrow a similar amount from Edelweiss at 17.25%. It intends to use the funds to repay public deposits, address cash flow problems, and to complete a few unfinished real estate projects if it is left with funds. Toll revenue is believed to be offered as mortgage for this loan too.

        Given the financial woes of the group, lenders are charging almost twice the rate that a retail home loan borrower would pay , said a banker.

        Existing lenders with exposure of Rs 8,100 crore have no objection to Jaypee Infratech offering first charge on toll revenues to Yes Bank since it will ensure that the company does not default on payments and stay afloat. In case of a default, the banks will have to set aside more funds for potential losses at the end of the current financial year.

        Jaypee Group's total debt was estimated at close to Rs 40,000 crore. It is trying to pare its loans by selling some businesses. Its real estate projects along the Noida-Greater Noida Expressway are running years behind schedule.

        In March 2015, lenders had agreed to a restructuring plan.In 2016 too, the company settled a part of its outstanding loans through a land swap deal. But the deal failed to pass muster with RBI, which ordered the banks to classify Jaypee Infratech as “sub-standard“ account.

        In a bid to avoid further provisioning for bad debt, the lenders are seeking a fresh restructuring of loan. At a meeting of the joint lenders forum last month, SBI Caps and IDBI Caps presented a draft restructuring plan.

        The company has also been asked to provide clarity on additional compensation of Rs 2,500 crore that has been sought as enhanced compensation to displaced landowners. Jaypee has entered into arbitration with the Yamuna Expressway Authority on the issue.



        URL: http://realty.economictimes.indiatim...-woes/57784081

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Truenity , Why you feel that all are stuck and you are the smartest who did not invest. So what pleasure you derive by giving these painful comments. What is your interest. Why you start jumping when you listen anyhing negative about Jaypee. " Kya gam hai jo chhupa rahe ho" some time laugh as well. btw I am not an investor but a future resident of PC. Have bought a RTM a fortnight ago.😀😀😀
          Last edited March 24 2017, 11:50 AM. Reason: user tag

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by shalen View Post
            Truenity , Why you feel that all are stuck and you are the smartest who did not invest. So what pleasure you derive by giving these painful comments. What is your interest. Why you start jumping when you listen anyhing negative about Jaypee. " Kya gam hai jo chhupa rahe ho" some time laugh as well. btw I am not an investor but a future resident of PC. Have bought a RTM a fortnight ago.😀😀😀
            When people talk of vested interests it reflects, and it could be positive or negative vested interests.
            Judge and decide by near dear suggestions and ground observations only. From few members negative vested interest is projected at maximum.

            My commentd are following after ground checks:

            compketed projected are simply beautiful, nicely maintained too.
            I observed even fogging two days back, done by Jaypee maintenance. Well in advance.
            PC is end users delight, I met many families in park and residents were satisfied.
            Temple is shaping up rapidly many workers are working there.

            After long considerations between vivante boulevard and PC, I liked PC for tonnes of reason.

            And jp is taking further loans to streamline company operations. Their intentions are somehow right now, but no doubt that they did mistakes earlier, but on correction path now.

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by Truenity
              The loans are not being taken to streamline company operations. They are being taken to pay the overdue amounts on existing loans.
              Paying overdues , taking new loans are also parts of streamlining the business.
              yes??
              dept is down almost 40%, by selling assets, this conglomerate is here to survive and run.

              Try to see positivities as well. A balanced criticism is appreciated by all, blind beatings are not.

              These are My opinions only, forum May differ.

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Jaypee Infra has been trying to demonetise YEWAY since last 2-3 yrs... now with change of guard in U.P. and other clearences probably they might just be able to achieve it.

                And well i feel (since last couple yrs) Jaypee Infra might just not survive same like Jaiprakash Power.
                Thr is lot of pain in RE since quiet few yrs and with no solid revenue remaining for the company to realise and liablities increasing / piling one by one ... eventually they might just sell and move on with RE.
                Having said this for namesake thy could only finish the 70 towers before exiting.
                Remaining projects will see either new towers or more floors added inorder to make it economically viable for the new player taking over JP infra.

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by bhuwan
                  Jaypee Infra has been trying to demonetise YEWAY since last 2-3 yrs... now with change of guard in U.P. and other clearences probably they might just be able to achieve it.

                  And well i feel (since last couple yrs) Jaypee Infra might just not survive same like Jaiprakash Power.
                  Thr is lot of pain in RE since quiet few yrs and with no solid revenue remaining for the company to realise and liablities increasing / piling one by one ... eventually they might just sell and move on with RE.
                  Having said this for namesake thy could only finish the 70 towers before exiting.
                  Remaining projects will see either new towers or more floors added inorder to make it economically viable for the new player taking over JP infra.
                  They have been desperately trying to sell, but no buyer is interested. They just don't have the money to finish even the 70 towers. The company is on the verge of being wound up. Dreaming otherwise is living in a fool's paradise.

                  Comment


                  • vivmits
                    vivmits commented
                    Editing a comment
                    Buy Why are you so desperate, that you always keep an eye on the forum 24x7 and immediately jump to spread negativity when even a balanced opinion is expressed. You certainly have an agenda and this forum is not meant for it..
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