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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

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  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by Truenity View Post
    When the authority sanctions building plans, it is typically with the condition that construction be completed within 5 years. Since JP has failed to do this is almost every project, technically none of the JP projects where plans were sanctioned more than 5 years ago and where full construction certificate has not been obtained, have valid building plans anymore. I am not sure if the authority will make an issue of this, but this is the actual technical situation.
    Maybe, in my experiance jp staffers are complete a***oles . The crc head venketesh is the rudest guy. No manners no courtesy....minakshi is a complete tool who is too lazy to even respond to emails.
    all the 5 times i have been to crc, she was watching youtube videos with her lotus notes conveniently closed. (They still use lotusnotes !!!)


    This company deserves to get bankrupt.
    Last edited by ashishew; July 7 2017, 07:37 PM.

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    • Re : Jaypee Greens Wishtown, Noida

      Jaypee buyers float online petition to save builder from impending bankruptcy

      The appeal is titled: “Save 25000 buyers of Jaypee by preventing them from filing bankruptcy”Sharmila Bhowmick | TNN | July 07, 2017, 07:45 IST

      NOIDA: Buyers of Jaypee Wish Town have started an online petition directed to the management of the Industrial Development Bank of India (IDBI), seeking amnesty for Jaypee Infratech from an impending declaration of bankruptcy. The appeal harps that invested buyers should not have to bear the brunt of Jaypee’s financial situation.

      The campaign, floated on online platform Change.org has been started following a directive from the Reserve Bank of India in June to all lending banks to Jaypee group to file an application under insolvency and bankruptcy code (IBC) with the National Company Law Tribunal. The push came from the apex bank after several lenders to Jaypee flagged its debts as non-performing assets or bad debts.

      So far 1265 Wish Town buyers have signed it. The campaign has been undersigned by Arvind Jain, president of Developers Township Property Owners Welfare Society, the apex association for all buyers of Jaypee Wishtown apartments. The appeal has been marked to Mukesh Kumar Jain, MD and CEO, IDBI Bank.

      The appeal is titled: “Save 25000 buyers of Jaypee by preventing them from filing bankruptcy.”

      “We were told that the construction at Wishtown is in process. We are informed that the builder has procured Rs1800 crore as working capital for the completion of the project. Now if the builder is declared insolvent, all of us are going to sink in this financial disaster,” Arvind Jain told TOI.

      Responding to the possible ramifications of such a situation where the builder is declared insolvent and bankrupt, Noida Authority CEO, Amit Mohan Prasad said, “In case a situation of insolvency transpires, the first right to the land on which Jaypee Wishtown stand, will be that of Yamuna Expressway Industrial Development Area (YEIDA). But we still have no information of how matters would steer,”

      In response to a query from TOI on the financial state of the company and its ramifications on the Wish Town project, Sameer Gaur, director, Jaypee Infratech said, “I am travelling out of town on business. Intricacies are being worked on. We will be able to provide clarity on the situation in a few days.”










      http://realty.economictimes.indiatim...uptcy/59482965
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      • Re : Jaypee Greens Wishtown, Noida

        https://www.noidaauthorityonline.com...FGHSAN4JUL.pdf

        This will come as a shock, especially to buyers of projects like Kalypso, Imperial Court and Pavilion Court who thought they had bought their houses from JP Associates.

        As far as Noida authority is concerned, the builder for all JP projects including sector 128 is JP Infratech- the company that has been referred to bankruptcy Court.

        It seems the JP plan is to save JP Associates and throw all the JP Infratech stakeholders, including Wishtown buyers, under the bus.

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        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by Truenity View Post
          https://www.noidaauthorityonline.com...FGHSAN4JUL.pdf

          This will come as a shock, especially to buyers of projects like Kalypso, Imperial Court and Pavilion Court who thought they had bought their houses from JP Associates.

          As far as Noida authority is concerned, the builder for all JP projects including sector 128 is JP Infratech- the company that has been referred to bankruptcy Court.

          It seems the JP plan is to save JP Associates and throw all the JP Infratech stakeholders, including Wishtown buyers, under the bus.
          By this logic even the axis bank main office ( supposed to be JPA headquarter ) will be razed by noida authority .... LoL...
          I can only laugh and laugh reading ur logic...

          It can be clearly understood the issue is with NO DUES CERTIFICATE from YEIDA... where jaypee infratech has to deposit some amount before 31st Aug 2017 as per extended commitment date agreed upon with the authority... if the intention had been to default JP would not have deposited 100 cr in may17 and requested to extend deadline...lets wait and watch how things move on from here.

          There are unconfirmed reports of lenders agreeing to rescue JIL ( evident from increasing share price of JIL).... this is another reason why JIL case has not reached NCLT.... situation is still evolving on a daily basis... we buyers hope for the best.

          http://denofwealth.blogspot.com/2017...e-off.html?m=1
          Last edited by bhuwan; July 8 2017, 04:18 PM.

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          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by bhuwan

            By this logic even the axis bank main office ( supposed to be JPA headquarter ) will be razed by noida authority .... LoL...
            I can only laugh and laugh reading ur logic...

            It can be clearly understood the issue is with NO DUES CERTIFICATE from YEIDA... where jaypee infratech has to deposit some amount before 31st Aug 2017 as per extended commitment date agreed upon with the authority... if the intention had been to default JP would not have deposited 100 cr in may17 and requested to extend deadline...lets wait and watch how things move on from here.

            There are unconfirmed reports of lenders agreeing to rescue JIL ( evident from increasing share price of JIL).... this is another reason why JIL case has not reached NCLT.... situation is still evolving on a daily basis... we buyers hope for the best.

            http://denofwealth.blogspot.com/2017...e-off.html?m=1
            Hahahaha. A blog post you have made is an unconfirmed report ? Hahahaha .

            The quality of the post is evident from the fact that someone is guaranteeing that JP share price will go up 5 times in 2-3 years.

            One poster called dineshsays was giving similar guarantees about investment in JP Wishtown a few years ago. Hilarious.

            If you think JP customers who are unsecured operational creditors and the lowest in the bankruptcy heirarchy are in the same position as a lender who has explicitly taken over an asset in return for the discharge of a senior secured debt, then God help you.

            The history of our respective posts provides enough evidence of whether either of us knows what we are talking about. I am not going to waste my travel me and have a technical discussion with people who are not just ignorant about technical nuances but cannot even understand the language.

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            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by Truenity View Post
              Hahahaha. A blog post you have made is an unconfirmed report ? Hahahaha .

              The quality of the post is evident from the fact that someone is guaranteeing that JP share price will go up 5 times in 2-3 years.

              One poster called dineshsays was giving similar guarantees about investment in JP Wishtown a few years ago. Hilarious.

              If you think JP customers who are unsecured operational creditors and the lowest in the bankruptcy heirarchy are in the same position as a lender who has explicitly taken over an asset in return for the discharge of a senior secured debt, then God help you.

              The history of our respective posts provides enough evidence of whether either of us knows what we are talking about. I am not going to waste my travel me and have a technical discussion with people who are not just ignorant about technical nuances but cannot even understand the language.
              Ya i m making blog posts and i am buying all shares of JAL and JIL to increase the share price .... just to get my apartment...

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              • Re : Jaypee Greens Wishtown, Noida

                ADMIN, is there a way to put members on ignore using Tapatalk ?

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                • Re : Jaypee Greens Wishtown, Noida

                  Yes ADMIN please tell if anyway to ignore a member?
                  I don't wanna listen any God of Knowledge... I m perfectly fine being ignorant

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                  • Re : Jaypee Greens Wishtown, Noida

                    Originally posted by Truenity View Post
                    ADMIN, is there a way to put members on ignore using Tapatalk ?
                    Yes....go to app store and uninstall tapatalk
                    a cat not able to catch mice will scratch the pillar in frustration

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                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by raabta

                      Yes....go to app store and uninstall tapatalk
                      If Manoja ji has really appointed an admin of your quality, I certainly will.

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