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Jaypee Greens Wishtown, Noida

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Jaypee Greens Wishtown, Noida

Last updated: 2 weeks ago
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  • Re : Jaypee Greens Wishtown, Noida

    Why we indians are so corrupt ?

    Comment


    • flatowner2
      flatowner2 commented
      Editing a comment
      because they don't care about country, for them first family, then caste, community and thats it.
      rest goto hell.

  • Re : Jaypee Greens Wishtown, Noida

    Details given on http://www.jaypeeinfratech.com/ about public notice given by IRP and the process for filing the claim. As i understood, home buyers can submit claim by submitting Form B (By Post, in person or electronic means) to the given address of IRP in Delhi before 24-Aug-17.

    Comment


    • vivmits
      vivmits commented
      Editing a comment
      However the issue remains about order of precedence of claimants. Home buyers may come near very bottom and may not gain much.

    • Devdas
      Devdas commented
      Editing a comment
      It is form C as per today's Hindustan Times

  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by Bharatiya View Post
    NCLT Bankruptcy proceedings are WRONG approach to solve JP situation. Of course JP is Bankrupt but before talking about any kind of revival plan or liquidation. The BIGGEST question is how did JP Fail? JP management as well as Govt Babus should be put to investigation for their criminal malpractice and fraud. Where did all the bank loans go? Where did all the home buyers money go? Why JP didn't built homes even when they had all the money to build it? Where did the funds go? Where were they siphoned off? Who were the people involved in all the wrong and illegal decisions that sunk JP?

    Govt is covering up all these critical questions by simply putting JP through Bankruptcy. JP management, Govt officials, Bank CEOs who were responsible for huge criminality behind the collapse of JP are let off. Now home buyers are thrown under the bus to cover for incompetence and corruption of JP as well as Govt.



    Things JP buyers needs to do.


    1. Become a party in NCLT proceedings. Technically and legally, home buyers have no stake in these proceedings. BUT PRACTICALLY, they have the greatest stake in these proceedings. For Banks, JP represents some red ink on their balance sheets. But for JP buyers, their LIFE savings are put into their home purchase. All JP buyer associations should join and raise claim in NCLT. They must claim for guarantees for completion of their homes.

    Its likely that home buyer will be given zero or very little claim in NCLT. If NCLT proceeds without giving justified claim to home buyers, home buyers should approach Supreme Court and halt the proceedings of JP Bankruptcy in NCLT. Home buyers should petition SC to get their justified claim to safeguard their interest in Wish Town. This is one of a kind case. Whereas creditors legally have the greatest stake in JP liquidation. But can 30000 home buyers simply thrown under the bus in name of cleaning balance sheets? NCLT has to show some maturity in this case. If they don't, SC must do it.

    2. JP home buyers should prepare massive Dharnas. Protest against JP as well as UP Govt. Buyers association must become very ACTIVE now. Organize protests regularly. Get news media attention. Also must meet UP CM Yoginath. Explain him how interest of 30000 home buyers are at risk who have invested their life savings.

    3. JP End users presently staying in WT should join hands and elect an RWA. Prepare for contingency plans for future of maintenance and welfare of society. Raise funds for joint legal defense and other sorts things for welfare of buyers.

    4. Must be vigilant of people who are deceiving you - JP management, JP brokers, some JP investors etc. They have been spreading misinformation about JP since last several years. They talked about JP's turnaround plans. They assured you that JP's future is secure so buy JP stocks and WT property. Now they are nowhere to be seen. But they will be back soon spreading more disinfo.

    Jaitley ka dimag, show world they are going after corruopt but actually they are letting them off legally.

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      Please make a call to Jan ki Baat on toll free number 18001204411. Please call and share a message to the PM. The call will last for 30 seconds so have a succinct message ready to share. Clear, to the point. Let the toll-free receive thousands of such grievance calls to get noticed. Call from every mobile and landline you have access to. One call per number. Don't wait, do it now! #savejpwishtown #iwantmyhome #nohomenoemi 

      Comment


      • rituraja
        rituraja commented
        Editing a comment
        Where is JP broker @dineshsays

    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by vaibha4096 View Post
      Jaitley ka dimag, show world they are going after corruopt but actually they are letting them off legally.
      RERA Act is worthless like piece of toilet paper. RERA doesn't address the big problems of RE sector of today. Present RERA Act would've been good in 2007 when RE was taking off. But RE sector is falling and RERA has no answer to problems of today. How interest of home buyers will be protected in case Builder becomes bankrupt? What will be the role of Govt to protect interest of home buyers in case of Builder's bankruptcy? These are the types of problems India's RE sector is facing today. What does RERA say about these problems? Nothing !!

      JP is just tip of the iceberg. Go to Noida and see how many incomplete projects are rotting and builder says he doesn't have money. Its funny how Govt boosts on its great achievements of RERA reform. Ask Home buyers of JP, Amrapali or Unitech on what good RERA is to them.
      Last edited by Bharatiya; August 15 2017, 12:28 PM.

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by Bigfish View Post
        Please make a call to Jan ki Baat on toll free number 18001204411. Please call and share a message to the PM. The call will last for 30 seconds so have a succinct message ready to share. Clear, to the point. Let the toll-free receive thousands of such grievance calls to get noticed. Call from every mobile and landline you have access to. One call per number. Don't wait, do it now! #savejpwishtown #iwantmyhome #nohomenoemi 
        Dear All,
        Earlier also I had mentioned , that , just on the basis of pseudo reputation, this group had traversed so far , but not any more.
        Our brethren should demonstrate with lock, stock and barrel at their hotels, residence etc . I can support them by offering refreshment , if they indeed protest at Gaurs' home . If they can say "jai hind" for our beloved soldiers and country , then they can even stay at my garibkhana, since I want to be a good Samaritan. I appeal to all brethren to extend full support to needy human beings at all times.

        Another place they should protest is prime minister house . It had worked practically in year 1999 -December end, in the case of Indian airlines IC 814 hostages' release. Just before that protest, relatives and friends of hostages were losing all hope, but When that protest indeed happened , then (due to immense pressure)even prime minister had to take conscious cognizance and accept the demands of extortionists and Jaswant Singh had to fly to Kandhar (along with ....... dash dash dash....yes !!) . Even though opposition party is till date contesting that decision, but it is history now. So please pay heed and overcome & manage all logistics (read permissions) and go-ahead . Here's wishing good luck to you , God bless......

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Advice to those organizing protest against JP. Crowd number will be the BIG factor to get Govt attention and media coverage. JP protester groups should also work actively to align home buyer victims of other Builder projects to do joint Dharna. A protest of 5000 crowd will shake the Govt.

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Originally posted by rajchauhan View Post

            Dear All,
            Earlier also I had mentioned , that , just on the basis of pseudo reputation, this group had traversed so far , but not any more.
            Our brethren should demonstrate with lock, stock and barrel at their hotels, residence etc . I can support them by offering refreshment , if they indeed protest at Gaurs' home . If they can say "jai hind" for our beloved soldiers and country , then they can even stay at my garibkhana, since I want to be a good Samaritan. I appeal to all brethren to extend full support to needy human beings at all times.

            Another place they should protest is prime minister house . It had worked practically in year 1999 -December end, in the case of Indian airlines IC 814 hostages' release. Just before that protest, relatives and friends of hostages were losing all hope, but When that protest indeed happened , then (due to immense pressure)even prime minister had to take conscious cognizance and accept the demands of extortionists and Jaswant Singh had to fly to Kandhar (along with ....... dash dash dash....yes !!) . Even though opposition party is till date contesting that decision, but it is history now. So please pay heed and overcome & manage all logistics (read permissions) and go-ahead . Here's wishing good luck to you , God bless......
            Well said. The need of the hour is to get together and show your strength. Protests of mass scale might save the day for JP investors/Buyers.
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            Comment


            • Re : Jaypee Greens Wishtown, Noida

              Where is BOP or Investors Clinic. Should they  be guiding and joining protests for failure to deliver homes to bUYERS.  

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                NOT ALL WISHTOWN PROJECTS TO BE HIT

                New Delhi: Home buy ers in Wish Town, who have bought apart ments or plots in projects like Ka- lypso Court, Pav il lion Courts and Heights and oth ers which are be ing de vel oped by Jaiprakash As so ci- ates Ltd (JAL) will not be af fected by the ini ti a tion of cor po rate in sol vency res o lu tion process (CIRP) against its sub sidiary Jaypee In frat ech.
                Jaiprakash As so ci ates Ltd had bought 357 acre of land from Jaypee In frat ech for Rs 885 crore in 2008. Jaypee In frat ech was given around 1200 acre land on Noida-Greater Noida Ex press way as acon- ces sion aire to build Ya muna Ex press way to ex tend Noida-Greater Noida Ex press way to Agra.
                JAL had launched num ber of projects on the land in Sec tor 128 of Noida. How ever, all the projects are run ning be hind the sched ule, the com pany has started gi- ving the pos ses sion in some of the projects. It has al ready given pos ses sion of around 2,500 apart ments in these projects.
                The ma jor projects launched by JAL are Ka lypso Court, Pav il lion Courts and Heights, Im pe rial Ar- cade, Boomerang res i dences, Krys tal, Kasablanca and oth ers. JAL is also de vel op ing a 22-holes gold course around which all the projects are be ing de liv ered.
                The com pany has also regis tered these projects on Real Es tate Reg u la tory Au thor ity (RERA) web site of UP along with the time line to com plete the projects. Around 12,000 apart ments are to be con structed by JAL. The rest around 23,000 apart ments and plots are to be con structed and de liv ered by its sub- sidiary Jaypee In fra.
                The de ci sion of Na tional Com pany Law Tri bunal (NCLT) to start the in sol vency res o lu tion process against its sub sidiary Ja- ypee In fra struc ture will not af fect the work ing of JAL. In a state ment, in terim res o lu tion pro fes- sional (IRP) Anuj Jain who will work as CEO, said, ``I am con scious of the in ter est of key stake hold ers in clud ing flat own ers.’’ The in sol vency pro ceed ings has been started against the com- pany on the plea of IDBI Bank as the com pany was not able to ser vice bank loans. The com pany has bank loans of Rs 8000 crore.
                Jain fur ther said, ``As IRP, it is my duty to en deav our to pro tect and pre serve the value of the prop- erty of the com pany and man age its op er a tions as a go ing con cern in clud ing con tin u a tion of on go ing con struc tion.’’
                As the ex ist ing man age ment of Jaiprakash Gaur and Manoj Gaur could not ser vice the bank loans along with com plet ing the projects and gave con sent to go for clas si fy ing the com pany as in sol vent, Jain has an up hill task to find an in vestor or a pro moter who will meet all the obli ga tions of the com pany.

                Not all Wish Town projects to be hit.pdf

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