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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: 9 hours ago
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  • 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

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    • 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; 1 week ago.

      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

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          • 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; 1 week ago.

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            • Re : Jaypee Greens Wishtown, Noida

              What all projects get affected by this decision? I have a flat in KPA and my PAL mentions both JIL and JAL. Should I drop all hopes of getting a home and all my invested money is lost?

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Where is truenity....? He has seen the future....need him now.
                a cat not able to catch mice will scratch the pillar in frustration

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  only unsold inventory will be recoverd

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