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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: December 11 2021
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  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by raabta
    A tier 1 developer is in talks to acquire land in wishtown and sportscity. Prices may spurt afterwards
    JP has already given land to tier 1 developers like Bayaweaver OMG and JC World in Wishtown. How will that affect prices of JP projects that will never be completed ?

    Comment


    • raabta
      raabta commented
      Editing a comment
      Tier 1....real tier 1

  • Re : Jaypee Greens Wishtown, Noida

    Value of land more than 10 cr per एकड़.... Huge!!!!

    As per inside news SpV land will have joint developments with tier 1 developer.... Deal announcement in few days.

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      One large PE investor having recently made investments in Ncr also shown interest in land SPV.

      Any economic benefits of this SPV after paying debt will accrue to Jaypee only plus value of its land in vicinity of the area will go up substantially. Watch out for Jaypee this week!!!!!

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by aONEinvestor
        Value of land more than 10 cr per एकड़.... Huge!!!!

        As per inside news SpV land will have joint developments with tier 1 developer.... Deal announcement in few days.
        Mr Manoj Gaur has himself clarified that JP Associates has transferred the land to a SPV and banks are going to be beneficial owners of this land going forward. The only reason an outright sale has not been made is to avoid paying stamp duty.

        Even if some deal gets done, it will only help reduce the huge hole of the debt burden.

        Not a single paisa will accrue to either JP Associates or JP infratech and certainly nothing will go towards wish town.

        What I had predicted long ago has come true. JP has been stripped of all of its valuable assets and only a runt of a company is stuck with the liabilities of Wishtown.

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by Truenity View Post

          Mr Manoj Gaur has himself clarified that JP Associates has transferred the land to a SPV and banks are going to be beneficial owners of this land going forward. The only reason an outright sale has not been made is to avoid paying stamp duty.

          Even if some deal gets done, it will only help reduce the huge hole of the debt burden.

          Not a single paisa will accrue to either JP Associates or JP infratech and certainly nothing will go towards wish town.

          What I had predicted long ago has come true. JP has been stripped of all of its valuable assets and only a runt of a company is stuck with the liabilities of Wishtown.
          Did lenders file case against jaypee for liquadation in NCLT ?

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by bhuwan

            Did lenders file case against jaypee for liquadation in NCLT ?
            I don't know, but unless they want to violate the directives from the RBI, I am guessing at some point they will.

            Comment


            • Vbb128
              Vbb128 commented
              Editing a comment
              Rbi has not directed anyone to liquidate the 12 compaines. That is a possible outcome if no resolution plan can be worked up. I would request all members to state facts and not resort to fear mongering as it does not help any of the impacted people. It's easy for anyone sitting on the fence to provide words of wisdom and harsh criticism but in the end it needs to be backed up by facts. Also it is not lost on other members that some of the contributors take sadistic pleasure in bashing Jaypee while the situation is not too different for other real estate developers. It does not take a science degree, far less a PHD to know that in difficult times good citizens provide others hope, show empathy and suggest solutions. Redeculing those who are stuck in this situation is neither dignified nor rational. I hope good sense shall prevail and we can get back to sharing facts and constructive discussion.

          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by bhuwan View Post

            Did lenders file case against jaypee for liquadation in NCLT ?
            Jaiprakash associates has become the regular account with the banks having NPA Tag gone after debt repayment n creation of land SPV.

            Jaypee infra case will also be restructured n having huge land bank will easily find solution to its debt problems. If lenders can create SPV for JAL then there is no logic for no doing this for JIL.JIL has even more land bank than JAL n yamuna expressway. Ppl should apply common sense which is not common though.

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by aONEinvestor

              Jaiprakash associates has become the regular account with the banks having NPA Tag gone after debt repayment n creation of land SPV.

              Jaypee infra case will also be restructured n having huge land bank will easily find solution to its debt problems. If lenders can create SPV for JAL then there is no logic for no doing this for JIL.JIL has even more land bank than JAL n yamuna expressway. Ppl should apply common sense which is not common though.
              If the solution is so easy, why wasn't it found until RBI directed banks to file bankruptcy petition against JP infratech and why is JP management completely silent about JIL ? Most of JP's assets have already been taken over by banks.What specific unencumbered land banks does JIL and where is the buyer for it ? Or has any bank stated they are willing to take it over in lieu of debt ?

              Hope is not a strategy , especially not hoping to fool people with blatant untruths.

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Rbi has not directed anyone to liquidate the 12 compaines. That is a possible outcome if no resolution plan can be worked up. I would request all members to state facts and not resort to fear mongering as it does not help any of the impacted people. It's easy for anyone sitting on the fence to provide words of wisdom and harsh criticism but in the end it needs to be backed up by facts. Also it is not lost on other members that some of the contributors take sadistic pleasure in bashing Jaypee while the situation is not too different for other real estate developers. It does not take a science degree, far less a PHD to know that in difficult times good citizens provide others hope, show empathy and suggest solutions. Redeculing those who are stuck in this situation is neither dignified nor rational. I hope good sense shall prevail and we can get back to sharing facts and constructive discussion.

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by Vbb128
                  Rbi has not directed anyone to liquidate the 12 compaines. That is a possible outcome if no resolution plan can be worked up. I would request all members to state facts and not resort to fear mongering as it does not help any of the impacted people. It's easy for anyone sitting on the fence to provide words of wisdom and harsh criticism but in the end it needs to be backed up by facts. Also it is not lost on other members that some of the contributors take sadistic pleasure in bashing Jaypee while the situation is not too different for other real estate developers. It does not take a science degree, far less a PHD to know that in difficult times good citizens provide others hope, show empathy and suggest solutions. Redeculing those who are stuck in this situation is neither dignified nor rational. I hope good sense shall prevail and we can get back to sharing facts and constructive discussion.
                  No one has said RBI has directed banks to liquidate companies , only that it has directed them to initiate bankruptcy proceedings.

                  http://www.huffingtonpost.in/2017/06...he_a_22188849/

                  Get your own facts right before requesting others to do so.

                  Noida does have many third rate developers, but not all of them are facing possible bankruptcy.

                  Comment


                  • Vbb128
                    Vbb128 commented
                    Editing a comment
                    Truenity
                    Truenity
                    New Member
                    Join Date: Sep 2016 Posts: 535
                    Re : Jaypee Greens Wishtown, Noida
                    Originally posted by bhuwan

                    Did lenders file case against jaypee for liquadation in NCLT ?
                    I don't know, but unless they want to violate the directives from the RBI, I am guessing at some point they will.
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