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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: 12 hours ago
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  • Re : Jaypee Greens Wishtown, Noida

    Any work starting in Krescent Homes?
    Last edited by Malvish; June 21 2017, 07:46 AM.

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by Quest2012 View Post
      Any work starting in Krescent Homes?
      Not a single worker on Kresent site
      They are working finishing what is mostly finished, to increase the "delivered" numbers.

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      • Re : Jaypee Greens Wishtown, Noida

        As per today published news in Business Standard , lenders to JAYPEE ASSOCIATE will be selling JAPEE's land bank worth Rs 13000 Cr . My apprehension is such things will lead to situation when JAYPEE GROUP will be left of ZERO ASSET . This situation will lead to WISHTOWN never gets delivered as JAYPEE will have no money available .

        I feel that all persons who have booked flat in WISHTOWN should join together and file immediately a case in Supreme Court that JAYPEE should not be allowed to sale any property unless they first deposit a suitable amount in an ESCROW account which will be required to complete WISHTOWN construction . No lender should be allowed to touch the property , unless WISHTOWN home buyers get their flat .

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        • Re : Jaypee Greens Wishtown, Noida

          JP Buyers association should become a Party in Bankruptcy proceedings. WT alone has 35000 houses and most of them are undelivered. I don't know total number of pending JP projects but they are a lot. JP buyer association should stop any sale of JP's RE assets. Right now JP and creditors are planning Bankruptcy settlements while JP buyers are thrown under the bus.

          Now getting flats and penalties from JP is not a simple matter of RERA. Since bankruptcy of JP is involved, buyers should look from a broader scope to safeguard their interests. JP buyers should become a party to safeguard their interests in Bankruptcy proceedings.

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          • Re : Jaypee Greens Wishtown, Noida

            It seems Jaypee got some breathing space. http://www.business-standard.com/art...2101235_1.html

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by Bigfish
              It seems Jaypee got some breathing space. http://www.business-standard.com/art...2101235_1.html
              This news is for JP Associates. JP Infratech is still going to go through bankruptcy process, because lenders don't want the headache of dealing with homebuyers.

              Even for JP Associates, the land bank and other assets are going to be stripped off so that they can only be used to pay off debts and for no other purpose. It is essentially going to be a managed bankruptcy, because lenders know in case of a fire sale of the land bank, there will be no takers at all.

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              • Re : Jaypee Greens Wishtown, Noida

                Originally posted by bvmittal
                As per today published news in Business Standard , lenders to JAYPEE ASSOCIATE will be selling JAPEE's land bank worth Rs 13000 Cr . My apprehension is such things will lead to situation when JAYPEE GROUP will be left of ZERO ASSET . This situation will lead to WISHTOWN never gets delivered as JAYPEE will have no money available .

                I feel that all persons who have booked flat in WISHTOWN should join together and file immediately a case in Supreme Court that JAYPEE should not be allowed to sale any property unless they first deposit a suitable amount in an ESCROW account which will be required to complete WISHTOWN construction . No lender should be allowed to touch the property , unless WISHTOWN home buyers get their flat .
                That is a noble goal. Unfortunately, the legal system in India and everywhere else gives precedence to lenders, since they would not have stood to gain anything except getting their principal back if Wishtown had turned out to be a successful and prices had tripled, as posters like dineshsays had predicted. Those who had the most upside potential should also be prepared to face the losses.

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                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by bhuwan View Post
                  Some facts

                  1. For some projects in wishtown like kalypso, pavilion customers make payment to JAL ( jaiprakash associates). Receipt of payment is from JAL.

                  2. For lot of projects in wishtown like kasa, orchards etc customer make payment to JIL ( jaypee infratech)
                  Receipt of payment is from JIL.

                  3. Allotment letter of all projects in wishtown are on JAL letterhead, stamped by JAL and signed for JAL & JIL

                  4. Wishtown Land was allotted to JAL.

                  5. JAL had 70% stake in JIL

                  6. JIL was formed as SPV for yamuna expressway development.

                  It needs to be seen in detail how gaurs have created this jack and JILL mess .... only time will tell how they will be able to wash their hands off the mess.
                  7.JAL is original allotte of the entire land bank.

                  8.JAL appointed JIL to construct and sell the flats.

                  9.what is responsiblity of JAL in case JIL goes bankrupt ?
                  As per RERA and even other wise both JAL & JIL are equally responsible to deliver flats to the end customer.

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                  • priyeshhh
                    priyeshhh commented
                    Editing a comment
                    Jil was allotted 5 land parcel for constructing yamuna expressway ....so wishtown land was alooted to jil but jal have some land bank also in and around those land parcel.

                    High value land bank around golf in wishtown is in JAL books rest is in jil books.

                    Sports city land of 2500 acres is in JAL books and 250o acres of land (1250 acres on sports city side n 1250 acres on gaur city side) is in jil books which is land parcel 2 n 3 for yamuna expressway
                    Land parcel 4 is in tappal
                    Land parcel 5 is in Agra
                    Some land is given to jil in sec150 jaypee aman site since while 1250 acres was not possible in wishtown at that time

                  • bhuwan
                    bhuwan commented
                    Editing a comment
                    If we consider some land to be in books of JIL then why all allotment is on JAL letterhead and why JAL is signing on allotment letter ?
                    In fact on all projects of noida wishtown JAL and JIL are both signatory !!

                • Re : Jaypee Greens Wishtown, Noida

                  See the magic of this news today in share price of JAL ....wait for few hours!!!!!

                  jaypee total standalone debt net of current assets on 31st march 24000 cr

                  Ultratech n orient deal 18000cr
                  real estate spv land bank 13000cr

                  Remaining with jaypee
                  1. Cement more than 10 million ton
                  2. Infra n construction business
                  3. Hotel Hospitality healthcare agri etc other assets

                  Consolidated debt now become irrelevant since JP power n jaypee infra virtually out of jaypee books after this debt recast ninvoking of bankruptcy of jpinfra

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                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by priyeshhh
                    See the magic of this news today in share price of JAL ....wait for few hours!!!!!

                    jaypee total standalone debt net of current assets on 31st march 24000 cr

                    Ultratech n orient deal 18000cr
                    real estate spv land bank 13000cr

                    Remaining with jaypee
                    1. Cement more than 10 million ton
                    2. Infra n construction business
                    3. Hotel Hospitality healthcare agri etc other assets

                    Consolidated debt now become irrelevant since JP power n jaypee infra virtually out of jaypee books after this debt recast ninvoking of bankruptcy of jpinfra
                    In your excitement you forgot to check that 18+13 = 31, which is greater than 24. So, your numbers are clearly wrong.

                    Wait for the details of the SDR terms to be made public. Then see what happens to the share price of this penny stock.

                    Last edited by Truenity; June 22 2017, 03:42 AM.

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