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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

    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 by Malvish; 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 by Malvish; 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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                  • Re : Jaypee Greens Wishtown, Noida

                    In yet another trouble for Jaypee group running the garbage processing plant, the Municipal Corporation has decided to send a list of losses caused by the group to the corporation and the local residents in the last 12 years for not processing the garbage and dumping it at the dumping ground at Dadumajra.

                    Read more at:
                    http://indianexpress.com/article/cit...osses-4701075/
                    Last edited by Malvish; June 13 2017, 02:37 PM. Reason: news format

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                    • Re : Jaypee Greens Wishtown, Noida

                      The progress on wishtown has definitely slowed down. There are far too less people working. At this pace, JP would miss the deadlines promised by a year or two or maybe more.
                      Sample this : Kosmos tower 53, 54 are supposed to be delivered by Oct this year, and only 5 people are working on it.

                      Klassic towers A1-A7 have 10-15 people working on them.

                      This is an eyewash by jaypee to calm people. They wont deliver.

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