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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: 18 hours ago
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  • Re : Jaypee Greens Wishtown, Noida

    It would be nice for inabitants and investors in this region , if this airport gets built. Property prices should be positively affected in the long run. I have multiple investments in Noida and Greater Noida, which I plan to hold for the long run, as part of my portfolio, so I will certainly be happy if all of this happens. However, while brokers will certainly start hyping up property prices immediately, there is no change in fundamentals today and the average investor is not going to be able to exit at any higher a price immediately. Over the longer term , this should be supportive, especially for YEIDA and Greater Noida, if the plans are actually executed, though.

    Most major international airports tend to be in the less fashionable parts of a city where land is cheap and poorer sections of society live. So, one should maintain perspective on what this means for the region. Assuming everything goes perfectly, it will be comparable to the likes of Palam , Newark, Jamaica in Queens or Hounslow, none of which is a particularly desirable address. You can read my posts on the airport thread for detailed views, but the bottom line is except for brokers who can be involved in the flash deals the real estate lobby to "prove" that prices are going up, most investors will not be able to sell at higher prices in the short term.

    For JP investors , this news is a trap. They have a very short window of weeks to do anything to save their investments. If they get distracted and complacent on this news, which will have zero impact on the ground, they will lose even the small hope they have of ever getting their homes completed.

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    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by Truenity View Post

      For JP investors , this news is a trap. They have a very short window of weeks to do anything to save their investments. If they get distracted and complacent on this news, which will have zero impact on the ground, they will lose even the small hope they have of ever getting their homes completed.
      Do u know

      1. JAL is guarrantor for debt of JIL.... resolution AGM MAY-13

      2. JAL has successfully restructured its debt and is spared from any action.

      3. Manoj gaur is personal guarrantor for debt of JIL

      I guess the reason why still JIL is being taken to NCLT is because RBI has placed operational restrictions on IDBI bank ( lead banker ) due to which IDBI bank is unable to extend required support for restructuring JPI debt...

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      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by bhuwan

        Do u know

        1. JAL is guarrantor for debt of JIL.... resolution AGM MAY-13

        2. JAL has successfully restructured its debt and is spared from any action.

        3. Manoj gaur is personal guarrantor for debt of JIL

        I guess the reason why still JIL is being taken to NCLT is because RBI has placed operational restrictions on IDBI bank ( lead banker ) due to which IDBI bank is unable to extend required support for restructuring JPI debt...
        Half knowledge is more dangerous than no knowledge.

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        • Re : Jaypee Greens Wishtown, Noida

          Airport...Hahaha...airport is here

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by Truenity View Post
            Half knowledge is more dangerous than no knowledge.
            Misleading the people after knowing the truth is called fraud.
            तू कर ले हिसाब अपने हिसाब से, ऊपर वाला करेगा हिसाब अपने हिसाब से.......Fear God n dont make people's mind fearful.

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            • Re : Jaypee Greens Wishtown, Noida

              GMR and GVK — have expressed a keen interest in setting up the international airport in Jewar.



              The Union civil aviation ministry on Saturday gave an in-principle approval for the site in Jewar. The Yamuna Expressway Industrial Development Authority (YEIDA), which has the mandate to acquire land for development, had in 2016 notified 3,000 hectares of agricultural land for the project. The land falls between Yamuna Expressway and river Yamuna. There are around 40 old villages in this area, farmers of which farmers own the 3,000 hectares identified for the project.

              “In the first phase, we will acquire 1,000 hectares,” Dr Prabhat Kumar, chairman of YEIDA, said.

              The obstacle limitation survey (OLS) conducted in June, before the site clearance, identified the issues — relocation of around 10 villages and other obstacles that are in the way of the runway — in the first phase of the project, for which 1,000 hectares are required.

              “Two companies dealing in aviation sector — GMR and GVK — have expressed a keen interest in setting up the international airport in Jewar. Therefore, we believe that the project will be developed at a record speed. It took 20 years for the Mumbai (Navi) airport to be developed, but with the smooth land acquisition and farmers’ cooperation, we aim to get all necessary clearances, including environmental ones, by 2019 for the first phase,” said Kumar.

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              • Re : Jaypee Greens Wishtown, Noida

                • Yamuna Expressway authority asks government for dedicated team to handle Jewar airport
                YEIDA has demanded a dedicated provincial civil service (PCS) officer for this project.


                At present, YEIDA has a chief executive officer, an additional CEO and an officer on special duty, besides other lower level staff.(HT File Photo)

                Updated: Jun 25, 2017 21:51 IST

                By Vinod Rajput, Hindustan Times
                A day after the civil aviation ministry gave the green signal for an international airport to be set up in Jewar, the Yamuna Expressway Industrial Development Authority (YEIDA) on Sunday decided to form a dedicated team for handling the project.

                “The civil aviation ministry’s green signal means that the real challenge has just started. It is just the beginning; we need to put in a lot of hard work to fast-track this project. However, to do that, we need a dedicated team because we do not have adequate personnel for the special project at present. I have written for to the government for the formation of a dedicated team,” said Dr Prabhat Kumar, chairman of the Yamuna Expressway and the Greater Noida authorities.

                Kumar also holds the charge of the commissioner for Meerut division.

                YEIDA has demanded a dedicated provincial civil service (PCS) officer for this project. “I have already requested the chief minister for a dedicated PCS officer, supported by a team of tehsildars and other officials, to be put in place immediately for the project,” said Kumar.

                At present, YEIDA has a chief executive officer, an additional CEO and an officer on special duty, besides other lower level staff.

                “I have also requested the UP board of revenue to provide us with a team of tehsildars because we need to acquire 1,000 hectares for the first phase of the project. We need to deal with thousands of farmers. Therefore, we need a dedicated team to ensure smooth land acquisition,” said Kumar.
                YEIDA will play a crucial role as it is tasked with acquiring agricultural land for the project. Also, the authority has decided to get environmental clearances for the project by 2019.

                “Once we acquire the land and prepare it for the project, we will get environmental clearances. Subsequently, we will get an in-principle approval for the project from the civil aviation ministry. Right now, the ministry has given us the in-principle approval for the site. My target is to get all necessary approvals and prepare the land for setting up the project by 2019,” said Kumar.

                The UP government had set up YEIDA on April 24, 2001, to build the 165 km Yamuna Expressway, set up industries and develop urban areas along this road. However, the authority’s plan to house 35 lakh people by 2031, as per its master plan, is yet to pick up pace.



                Around 2.5 lakh hectares in 1,187 villages of six districts — Gautam Budh Nagar, Bulandshahar, Aligarh, Hathras, Mathura and Agra — have been notified under YEIDA. However, in the last 15 years, no major industry, except yoga guru Baba Ramdev’s Patanjali food park and five mobile phone manufacturers, has set up base
                Last edited by aONEinvestor; June 26 2017, 02:56 AM.

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                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by aONEinvestor
                  GMR and GVK � have expressed a keen interest in setting up the international airport in Jewar.



                  The Union civil aviation ministry on Saturday gave an in-principle approval for the site in Jewar. The Yamuna Expressway Industrial Development Authority (YEIDA), which has the mandate to acquire land for development, had in 2016 notified 3,000 hectares of agricultural land for the project. The land falls between Yamuna Expressway and river Yamuna. There are around 40 old villages in this area, farmers of which farmers own the 3,000 hectares identified for the project.

                  �In the first phase, we will acquire 1,000 hectares,� Dr Prabhat Kumar, chairman of YEIDA, said.

                  The obstacle limitation survey (OLS) conducted in June, before the site clearance, identified the issues � relocation of around 10 villages and other obstacles that are in the way of the runway � in the first phase of the project, for which 1,000 hectares are required.

                  �Two companies dealing in aviation sector � GMR and GVK � have expressed a keen interest in setting up the international airport in Jewar. Therefore, we believe that the project will be developed at a record speed. It took 20 years for the Mumbai (Navi) airport to be developed, but with the smooth land acquisition and farmers� cooperation, we aim to get all necessary clearances, including environmental ones, by 2019 for the first phase,� said Kumar.
                  Shame on you for posting misleading headline and selective news. This is the original news story you have selectively copied from :

                  [http://m.hindustantimes.com/noida/vi...cGh78pdxJ.html

                  You conveniently forgot to mention the villages and ancient temples and mosques that will have to be relocated.

                  Btw, both GVK and GMR are heavily indebted and trying to reduce and restructure their debt. If either of them gets into this unviable airport, they will be the next JP.

                  No company would like to see the Jewar airport fail more than GMR since they have made massive investments in Delhi airport under the assumption that they will operate a monopoly.

                  Last edited by Truenity; June 26 2017, 06:13 AM.

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                  • Re : Jaypee Greens Wishtown, Noida

                    Land Acquisition mein hi 5-10 sal lag jayenge.

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                    • NamoDya
                      NamoDya commented
                      Editing a comment
                      The land has been notified years back. There are no pending cases, just payment

                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by Truenity View Post
                    Shame on you for posting misleading headline and selective news. This is the original news story you have selectively copied from :

                    [http://m.hindustantimes.com/noida/vi...cGh78pdxJ.html

                    You conveniently forgot to mention the villages and ancient temples and mosques that will have to be relocated.

                    Btw, both GVK and GMR are heavily indebted and trying to reduce and restructure their debt. If either of them gets into this unviable airport, they will be the next JP.

                    No company would like to see the Jewar airport fail more than GMR since they have made massive investments in Delhi airport under the assumption that they will operate a monopoly.
                    It's funny indeed. Most of corporates in India have huge debts, even GOI has fiscal deficit. You will declare any n everyone bankrupt as per ur convenience. Its strange why a bankrupt company like GVK was awarded development of navi Mumbai airport ! GMR has monopoly on Delhi aviation n they need jewar project to maintain that. Relocation of several old structures is of course a given n not a big deal in a project of this magnitude. Land is not going to be a problem as huge chunk is already acquired by previous govts.Modi n Yogi need to showcase a major project in UP n will leave no stone unturned to complete this project !

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