Announcement

Collapse
No announcement yet.

Jaypee Greens Wishtown, Noida

Collapse
X
Collapse

Jaypee Greens Wishtown, Noida

Last updated: 2 days ago
8757 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by flatowner2 View Post

    What is the Risk in buying RTM registered property?
    Could comment better if you shared which property / project. I visited WT this week & could share inputs - you could PM me for this.
    There are risks of course. Generally speaking:

    First, it's probably not the best value for your money. RE prices are down everywhere & you'll get safer properties at terrific prices.

    Second, IMHO handing over possession does not make a property RTM. WT is a massive township where every project connects with another. What good is a RTM property if surrounded by acres of undeveloped land/ is mired in controversy/ ghostly towers/ labor/ villagers/ dusty roads/ etc.

    Third, I feel WT is a good 10 yrs away from being premium. That is, if JP is able to utilise the narrow window of opportunity it has to even complete WT.

    Fourth, the legal & financial uncertainties surrounding the project make it volatile - we are counting on JP to complete the whole project & then to maintain and keep it developed for many decades to come. The last 8 yrs have given me a lot of anxiety about whether JP will be able to fulfill these promises one day.

    ... I'm sure there are other reasons to consider as well.. But would be easier to comment with more details about the property.

    Hope it helps.

    Comment


    • flatowner2
      flatowner2 commented
      Editing a comment
      Thanks I got it.
      was interested in PH.

    • FTDFTD
      FTDFTD commented
      Editing a comment
      Not true.
      Sector 128 and 134 of Jaypee are fully liveable. More than 2000 families are living with all festival celebrations and social gatherings in club houses.
      Kalypso imperial and pavilion in sec 128 are having good gentry and class.

  • Re : Jaypee Greens Wishtown, Noida

    Hello to all. So what is the decision/outcome finally. Is the project getting liquidated and we lose our hard earned money.
    Or is there a ray of hope.
    If it get liquidated then only winners are Jaypee Group.
    Serves us right for trying to buy a flat. All these builders only rip us off our hard earned money

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      No I at least don't think so. Despite all that has gone down, I still believe that Jaypee Wishtown is just too big to default on. Most will get their homes - but perhaps not with the same quality of fittings and fixtures, building material etc., as what they had signed up for. And of course, they will get them very very late. As for some of their super deluxe projects, there is reason to believe it will change hands and buyers may have to cough up more money.

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        ET Realty
        Jaypee pays another Rs 300 crore to YEIDA for sports city

        The developer had already paid YEIDA Rs 110 crore in May this year. The total outstanding amount towards this project is Rs 600 crore
        Vandana Keelor | TNN | August 03, 2017, 07:41 IST

        GREATER NOIDA: The Yamuna Expressway Industrial Development Authority on Wednesday said Jaiprakash Associates (Jaypee) had paid them Rs 300 crore as second instalment for the Rs 1,000 hectare land on which the company had developed a sports city in YEIDA area.

        The developer had already paid YEIDA Rs 110 crore in May this year. The total outstanding amount towards this project is Rs 600 crore.

        According to Arunvir Singh, YEIDA chief executive officer (CEO), the developer has been defaulting on its instalments for land allotted in the past five years. “The land in question was allotted to the developer in the YEIDA area for constructing residential units under the special development zone (SDZ) category,” the CEO said.

        “Owing to the default by the builder, the allottees are suffering. Since the builder had not even started construction on the land, we had issued a show cause notice. We warned the developor of stringent action if he did not pay us Rs 90 crore in March this year. However, we extended the date after they paid us Rs 10 crore. Thereafter, they paid us another Rs 100 crore on May 15,” said Singh.

        “Till now, we have received a total of Rs 410 crore and we will now put in place a rescheduled payment plan for the developer after which he will start paying the instalments of balance dues,” he added.

        The developer still has to clear other outstanding dues amounting to Rs 450 crore.

        Jaypee Infratech has confirmed the deposit. “We will meet all our future commitments, too,” said an official.

        URL: http://realty.economictimes.indiatim...-city/59891489

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          https://www.outlookindia.com/newsscr...-765cr/1117151

          good news after a long time
          Jaiprakash Associates back in black with Q1 profit at Rs 765cr

          Last edited by anjanpanda00; August 6 2017, 10:32 AM.

          Comment


          • jpkrak
            jpkrak commented
            Editing a comment
            what does this mean for people who have been waiting on their flats?

        • Re : Jaypee Greens Wishtown, Noida

          never

          Comment


          • jpkrak
            jpkrak commented
            Editing a comment
            anything constructive to add buddy?

        • Re : Jaypee Greens Wishtown, Noida

          Jaypee wish town projects will come in rera or not
          Like garden isles

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by hkhurana View Post
            Jaypee wish town projects will come in rera or not
            Like garden isles
            Yes, it will come under RERA...all ongoing projects where completion certificate is not given will have to be registered under RERA.
            Do unto others as if you were the others.

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              http://economictimes.indiatimes.com/wealth/real-estate/commercial-realty-buyer-can-drag-company-to-bankruptcy-court/articleshow/59977086.cms

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                NCLT classifies Jaypee Infra as insolvent, home buyers left high and dry


                http://www.moneycontrol.com/news/bus...y-2355801.html

                What are the options we have now.
                Last edited by rajeevsingh; August 10 2017, 12:00 PM.

                Comment

                Tags: None
                Have any questions or thoughts about this?
                Working...
                X