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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

    http://www.tribuneindia.com/mobi/new...ct/419651.html

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by MontyKing
      REALITY CHECK
      Jaypee Wishtown is nowhere near to delivery/possession stage. The kind of labour and construction activity required for possession can nowhere be seen, The truth is Jaypee has used up money from buyers to create assets elsewhere, like landbank, yamuna expressway, F1 Track etc which gave no return and eroded their capital. They reduced some of their huge debt though distress sale of their cement and other assets. Still a gigantic debt is remaining. They do not have even have a small % of the working capital required to complete wishtown. Their words and actions never match. JAYPEE will never complete the projects, except maybe few on the golf course side. Buyers need to think out of the box if they want to get their flats. One way may be to talk to the original contractor to find out how much is required to complete the tower and accumulate that fund to get it completed. But to depend and HOPE on Jaypee will be a disaster.
      Well said . This is just a pipedream

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      • Re : Jaypee Greens Wishtown, Noida

        Absolutely.
        People should buy better builders like ATS, Prateek, Mahagun etc and stay away from JP.

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        • Re : Jaypee Greens Wishtown, Noida

          Recently spoke to one of term lenders of Jaypee regarding allowing some % of Ultra Tech sale proceed to pay towards construction activities....banker straightforwardly rejected any such commitment given to Jaypee. I suggest whenever management is making any promises to pay from its own pocket or out of sale proceed do ask lenders permission in writing.

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by nalinc
            Recently spoke to one of term lenders of Jaypee regarding allowing some % of Ultra Tech sale proceed to pay towards construction activities....banker straightforwardly rejected any such commitment given to Jaypee. I suggest whenever management is making any promises to pay from its own pocket or out of sale proceed do ask lenders permission in writing.
            Correct, Jaypee​ doesn't have the funds to complete Wishtown and is just buying time

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            • Re : Jaypee Greens Wishtown, Noida

              It's game over now.

              The Yamuna Expressway Industrial Development Authority (YEIDA) has warned that it will take over the Formula 1 and other sports facilities built in sector 25 along Yamuna Expressway, if the Jaypee Group fails to pay Rs 680 crore in land dues.

              Read more at:
              http://m.hindustantimes.com/noida/ya...hRYW1NzPL.html
              Last edited June 10 2017, 12:21 PM. Reason: news format

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              • Re : Jaypee Greens Wishtown, Noida

                A committee constituted by the Chandigarh Municipal Corporation to get the land vacated from the Jaypee Group running the Dadumajra garbage processing plant met Deputy Commissioner Ajit Balaji Joshi on Friday.

                Read more at:
                http://indianexpress.com/article/cit...ments-4696997/
                Last edited June 10 2017, 12:22 PM. Reason: news format

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                • Re : Jaypee Greens Wishtown, Noida

                  I'm willing to bet that Jaypee will somehow "find the money" to pay to YEIDA and hold on to their land.

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                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by Raojee
                    I'm willing to bet that Jaypee will somehow "find the money" to pay to YEIDA and hold on to their land.
                    How come they can't find any to complete the tens of thousands of flats they have sold ?

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                    • Re : Jaypee Greens Wishtown, Noida

                      I have heard main aim of JP's promises was to quiten things down for a while and now they are shifting their office away from Noida so that their customers don't come and protest every day. Is it true ?

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