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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: August 17 2020
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  • Re : Jaypee Greens Wishtown, Noida

    I went to Wish town yesterday after almost two months. I am a resident of pavilion court but been staying in Delhi with parents for last 2 months for personal reasons.

    I could see some visible difference in few projects - Kalypso, PH4, PC remaining towers. Some work in kensington and orchards. Scores of plots in KP2 have been constructed on. Work has definitely restarted - How much? one has to see himself to find out

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by raabta
      Guys...stop quoting me.
      This is a public forum. If you don't want to be quoted, stop posting and delete all your existing posts.

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        It was a request. You certainly dont understand it. Push, shove ban ignore is the only thing you can understand. lack of couth is something no one can correct.
        a cat not able to catch mice will scratch the pillar in frustration

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Here is a parting gift for you :

          https://s24.postimg.org/la8doas2t/khisyani_billi.gif
          a cat not able to catch mice will scratch the pillar in frustration

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            The current situation with Jaypee has become slightly better with the Ultratech Cement Deal. Jaypee Associates will get loans restructured which will give them a breather. Jaypee Infra may get into trouble with the NCLT/Bankruptcy law. But the main point to understand here is NCLT/Bankruptcy proceedings are a last resort of the Bank to recover NPA. Beyond this they do not have any other way. Banks do not want to go through these proceedings and will be happy to restructure if ruled by NCLT or otherwise. If they have to take a haircut their balance sheet will be a huge mess. If one of the two companies is declared bankrupt, it may stall delivery of few projects indefinitely and any solution will be very difficult to this problem. So it will be in interest of all Jaypee Buyers that Jaypee is not declared Bankrupt and they complete the deliveries as per promise.

            Comment


            • raabta
              raabta commented
              Editing a comment
              You make perfect sense to people who are ready to listen.

          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by firstimebuy
            I went to Wish town yesterday after almost two months. I am a resident of pavilion court but been staying in Delhi with parents for last 2 months for personal reasons.

            I could see some visible difference in few projects - Kalypso, PH4, PC remaining towers. Some work in kensington and orchards. Scores of plots in KP2 have been constructed on. Work has definitely restarted - How much? one has to see himself to find out
            What about Kasablanka and krescent Court ? Any visible progress there ?

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              Guys,

              Some update from my side....and this is a shocker. Jaypee has denied the possession, saying that the letter was sent by mistake and is null and void.

              I am lost for words....what mismanagement!

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Jaiprakash Associates aims to be debt-light, even zero debt: Manoj Gaur

                By Jwalit Vyas, ET Bureau | Updated: Jul 07, 2017, 08.38 AM IST We have an order book of over Rs 10,000 crore and E&C business shows good prospects looking at India's requirement of infrastructure.
                Real estate developer Jaiprakash Associates (JAL) is exploring whether it can turn debt-free, said its executive chairmanManoj Gaur . In an interview to Jwalit Vyas, he said that after passing through its worst phase, which saw it selling its best assets to pay back loans, the group is now planning to focus on engineering and construction, and real estate when it picks up.

                Edited excerpts:

                How do you look back at the two crucial deals -cement sale to UltraTech for Rs 16,200 crore and the Rs 13,000-crore land bank arrangement with the bankers? What is the debt situation now?

                After the completion of these two deals, JAL's debt would be around `6,000 crore, down from over Rs 30,000 crore at the end of March.The transaction with UltraTech is the country's largest divestment in cement. It would have been complete long ago but for regulatory issues, including the Mines and Minerals Development and RegulationAct, which had to be addressed by legislators twice.

                Can you elaborate on the 1,000-acre land bank arrangement with banks?


                JAL has strategically located land onYamuna Expressway which has become valuable due to the approval of NoidaInternational Airport at Yamuna Expressway (at Jewar). As part of JAL's divestment plan, a provision according to the prevailing norms for stressed accounts, the banks decided to have part of the debt in the SPV (special purpose vehicle) which owns the land since they are the beneficiaries of its economic interest.

                What will be your strategic focus now?

                Our emphasis will be to maximise the opportunities available in the field of E&C (engineering and construction) and real estate as and when it picks up. Our endeavour is to move from being debt heavy to being debt light and whether we can be a zero debt company. JAL has significant real estate opportunity, besides having hotels and its core business of E&C. We have an order book of over Rs 10,000 crore and E&C business shows good prospects looking at India's requirement of infrastructure.

                What kind of opportunities in real estate and infrastructure are you looking at?

                Even after giving up certain land banks, there is a lot of real estate potential left in JAL in Noida and partially in Greater Noida. We will also be participating in irrigation, tunnels, hydro and metro projects, to name a few. JAL's EPC division, six years ago, had Rs 15,000 crore order book. We have the needed capacity to grow our EPC business and will endeavour to reach revenue of around Rs 6,000 crore by FY20 from this stream.

                Will the slowdown in core economic sectors affect your plans?

                The entire country is in the grip of financial downturn for the last four years, especially in infra, power and real estate. However, it is for all to see the fundamentals of JAL ¬ for instance, our capacity to execute projects while upholding the principles of credibility and efficiency. The company has in the past come out from difficult situations and grown strongly.The experience of the last 10 years has enriched the thinking and working of hundreds of committed officers of the group and I see no reason why this will not help in the future, for growth of the company.

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by ashishew View Post
                  Guys,

                  Some update from my side....and this is a shocker. Jaypee has denied the possession, saying that the letter was sent by mistake and is null and void.

                  I am lost for words....what mismanagement!
                  What happened ashish?

                  Why were you denied the possession? Is your flat ready? Are you in the process of getting it registered?

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by anjanpanda00 View Post

                    What happened ashish?

                    Why were you denied the possession? Is your flat ready? Are you in the process of getting it registered?
                    The tower is ready, 6+ families have been residing in the tower. My Flat is ready, though finishing (light switches, cleaning, etc) is pending.

                    The problem is the OC or lack of it. The OC has been applied for in 2015, but it is not provided by Noida Authority due to JP's inability to complete formalities.

                    So, back to uncertainty. Joy has now transformed into anger.

                    Comment


                    • ashishew
                      ashishew commented
                      Editing a comment
                      Why ? Can you help?

                    • bhuwan
                      bhuwan commented
                      Editing a comment
                      Why u r posting half (selective ) information ? If 6+ families already living means tower has OC... ur post is contradicting ...

                    • ashishew
                      ashishew commented
                      Editing a comment
                      Possesion to selective flats has been provided without oc. For ordinary folks jp seems to have double standards
                      Last edited July 7 2017, 06:47 PM.
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