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Jaypee Greens Wishtown, Noida

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  • Re : Jaypee Greens Wishtown, Noida

    Wish Town buyers buyers protest liquidation bid

    Sharmila Bhowmick| tnn | May 14, 2018, 06:12 IST

    Noida: Over 500 homebuyers of Jaypee Wish Town braved the weather to stage a protest outside the gates of the builders’ sales and marketing office at Sector 128 on Sunday evening. The buyers gathered with banners and placards and protested against a liquidation bid which is expected to be implemented in case the Supreme Court doesn’t prolong the company’s insolvency resolution procedure.

    During the course of the protest, the buyers stated they neither support liquidation, nor insolvency resolution and all they want were their apartments.

    “After years of wait, we once again lost nine months for an insolvency resolution. We support no external parties and not even Jai Prakash Associates for further insolvency resolution. We want our apartments and the compensation due to us. The buyers cannot be concerned with the financial status of the company as we have all paid our dues. Any other resolution process will further delay the delivery procedure,” Pramod Kumar, a buyer participating in the protest said.

    The buyers gathered at 6.30pm and left the location at 8.30 pm. Despite Jaypee management asking them to enter the offices of the builder, they refused and continued their protest on the road.

    “Manoj Gaur, MD, Jaypee had invited the buyers inside the building for an interaction, but they refused to meet him,” a Jaypee official said.

    “We understand that the financial lenders and banks need to be paid and debts need to be settled, but we are not stakeholders of the company. We are consumers and taxpaying individuals who need to be given their houses,” Kumar added.

    After the protest, as the sky turned dark, the buyers who had gathered, lit the torches of their cell phones to host a symbolic candlelight protest against the builder.

    “The fact that so many buyers turned up, despite such weather, shows the sheer desperation among them with the news of a possible liquidation of the company,” Kumar said.












    https://timesofindia.indiatimes.com/...w/64152350.cms
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    • Re : Jaypee Greens Wishtown, Noida

      Why is Jhunjhunwala buying up so much of JAL???
      Rakesh Jhunjhunwala buys 2 crore additional shares of Jaiprakash Associates in June quarter

      Jhunjhunwala, often referred to as Warren Buffett of ***** Street, bought 2 crore shares in June quarter
      ETMarkets.com | July 19, 2018, 12:56 IST

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        Originally posted by Truenity



        He is not buying up "so much". His current stake is worth around 75 crores, which is less than 1% of his portfolio. He is just trading in and out of this counter. He had bought some in the first half of last year and sold all his holdings in the second half. When the price crashed again, he got back in and it goes back up, he will cash out again. The irony is that the muppets who were buying in the second half last year thinking that jhunjunwala was in the stock were probably buying from him and those who sold after the crash , thinking it was worthless because jhunjunwala ji didn't like it anymore, probably sold to him.



        It is classic pump and dump..
        Thank you for enlightening the ignorant :-)

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Noida: Boy falls 25 feet into basement in Jaypee Wish Town

          TNN | Jul 31, 2018, 04:14 IST



          A dustbin has been placed near the broken lattice by residents

          NOIDA: An eight-year-old boy running after a ball fell 25 feet into the basementthrough a broken lattice on the ground floor in a Jaypee Wish Town housing society in Sector 134 on Monday evening.

          Aarav Beniwal was rushed to Jaypee Hospital, where his condition was stated to be serious. The residents of Wish Town Klassic alleged that a portion of the cement lattice had broken several days ago but the management of the society hadn’t bothered to get it repaired. The shaft, through which Aarav fell, is at the level of a pathway in the society compound.

          Sandeep Malakar, a resident of the housing society, said that the minor boy was running after a ball and fell through the broken lattice into the basement.

          “He fell down almost 25 feet to the lower basement. Residents informed police and called an ambulance. The boy was rushed to a private hospital, where he is undergoing treatment for severe injuries to the head,” he said.

          The residents have lodged a complaint against the developer at Expressway police station, alleging poor construction. The residents said that they had complained to the developer a number of times about the broken lattice in the past, pointing out the danger it posed to kids playing in the compound.

          The developer of the housing society could not be reached for a comment despite repeated attempts.

          Aarav’s father Yashpal Beniwal, who works with an IT firm, said his son had suffered “severe” injuries. “I am very worried over the accident and not in a position to speak. Please excuse me,” Yashpal said.

          Wish Town Klassic is a 20-storey building having eight flats in each floor. The residents claimed services were extremely poor despite the management charging high maintenance fee.

          Hansraj Bhadoriya, the SHO of Expressway police station, said a police team had inspected the spot from where the boy fell.

          “The boy was rushed to Jaypee Hospital and he is undergoing treatment there. He has suffered head injuries,” Bhadoriya said.

          Bhadoriya said a case would be registered once the family filed a complaint. As a temporary measure, the residents have placed a dustbin near the damaged lattice and advised people to stay away from the area.







          https://timesofindia.indiatimes.com/...w/65205182.cms
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          • atlantis2020
            atlantis2020 commented
            Editing a comment
            I dont know why people cant just stay in rented flats in well developed societies instead of shifting to such pathetic under-construction flats.

          • flatowner2
            flatowner2 commented
            Editing a comment
            it is due to the compulsion and not choice.For service class people who have only white income, can't afford to pay both emi & rent .
            in noida even people are forced to live in unregistered flat.

        • Re : Jaypee Greens Wishtown, Noida

          Noida: Jaypee Wish Town locals want a structural audit

          Updated: Aug 2, 2018, 06:40 AM IST

          In the aftermath of the fall of eight-year-old Aarav Beniwal into the ventilator shaft, residents of Jaypee Wish Town Klassic are sceptical to use facilities at the society. It seems that the trust in the builder has taken a hit. They are leaving no stone unturned to locate the places within the society which are potential safety hazards.
          The residents claimed that the place where the child fell is not the only place that is ill-maintained within the society. They want the problem areas to be fixed. But, of course, the builder's involvement is also required to make the place safer for children.

          There are several cracks on the walls of the towers, the children's play area is dug out and there are open high-tension power wires.

          The recent instances of building collapses in Delhi-NCR areas after the arrival of monsoon have also affected the psyche of people. The residents frequently complain about the sub-standard construction materials.

          A resident of the Klassic Tower said that they want a structural audit by the government. "We should know the exact position of the society. We will soon write a letter to the Uttar Pradesh Chief Minister and the district magistrate in this regard," the resident said.

          High-tension wires were also spotted 10 meters above the ground. They were seen at the area where children play and residents jog. This place was not more than 10 steps away from the ventilation shaft where the boy fell. Residents had demanded underground wiring two years ago, but the builder has done nothing so far.

          Another resident said that the electric poles, installed by the builder in the park area, are dangerous for children. "Children come to play here and if the wire falls on any of the child or person then who will be responsible for the casualty. The builder should address this as soon as possible," he said. Most of the area of the park is also dug out.
          "I don't think fire sprinklers are operational here. Many of them are locked as well. We need to force the facility management group to do fire drill every month (not evacuation only but to test the whole system is working or not) and we will be a part of it," the resident said.
          RESIDENT WOES
          • Residents claimed that the place where the child fell is not the only space that is ill-maintained within the society. They want the problem areas to be fixed.
          • There are several cracks on the walls of the towers, the children’s play area is dug out and there are open high-tension power wires.
          URL: http://www.dnaindia.com/delhi/report...-audit-2644614

          Comment


          • Re : Jaypee Greens Wishtown, Noida

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            Pics from the DNA story

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            • Re : Jaypee Greens Wishtown, Noida

              Wish Town residents flag security loopholes

              TNN | Sep 24, 2018, 07:20 IST



              Noida: Residents of Jaypee Klassic and Kosmos apartments have flagged several security concerns in their housing societies and sought a meeting with the management, citing two recent incidents that raised questions about the safety of kids in the compounds.

              The residents referred to an alleged kidnap bid by two outsiders in Kosmos and an accident in which an eight-year-old boy running after a ball fell into the basement of Klassic through a broken lattice to voice their concerns. They alleged they had written to the management highlighting 10 complaints in August, but to no avail.

              Despite repeated attempts, there was no official response from Jaypee, which is already facing insolvency proceedings over non-payment of debts to financial creditors and homebuyers. Sources in the company, however, said the complaints would be addressed sometime next week.

              “Last month, a child was almost kidnapped from the Kosmos compound by two unknown people who tried to pull him into a car. The child was cycling in the area and it was an attempt to kidnap him. Weeks before this, a child running after a ball fell 25ft into the basement through a broken lattice,” said Pragya Pandey, a resident of Klassic. in Sector 134

              “Apart from these, there are other concerns as well. For instance, there is no adequate CCTV coverage in our compound. People often complain about feeling unsafe after coming out of their homes in the evening. A car was also stolen from here. There is a huge gap in security and maintenance of the compound where so many residents are staying. Such is the sense of insecurity that we don’t let our children go out to play,” she added.

              Some parents said they would rather have their kids watching TV at home than going into the play area. A group of residents from Klassic has sent a ten-point letter to the management, seeking a meeting with them.

              The residents said the complaints centred around the need for cement mesh in windows to be replaced, and high tension cables hanging too low over the park area. The residents also complained about a water pump right in the middle of a park, raising the possibility of accidents, and lack of lightening conductors installed in each apartment. They pointed out that the basements also did not have ventilation.

              Some of the other issues that the residents highlighted were the lack of a fire suppression system, the low height of walls at the entry-exit ramps, the sewage treatment plant not being fully functional, soil and waste lines not properly attached in the basement area and lack of training for guards manning the housing societies to deal with emergencies.

              “We had written to the management in August and over the past one month, we have been pursuing them to give us some time to discuss our problems. The areas that are currently occupied need high security coverage. CCTV cameras need to be installed and scanned properly. Security at the gates should be enhanced. The play areas should be made child-friendly. The purpose of living in gated communities is that people should be able to live safely,” said Jagvir Yadav, a resident.










              https://timesofindia.indiatimes.com/...w/65926507.cms

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              • Re : Jaypee Greens Wishtown, Noida

                There has been many new developments.

                The buyers are divided between Shri Chitra Ji (the original petitioner in supreme court ) and something called as 9a ( association of 9 associations).

                Allegedly, 9a overshadowed Ms Chitras defence and hijacked the whole narrative from being a consumer to become an investor in NCLT.

                Most of the homebuyers are against this as they dont see themselves as investors but as consumers/homebuyers.

                Now, the war is out in open. Members are being barred in Facebook/Telegram who oppose 9A s direction.

                Chitra has filed a review petition in SC, verdict on which is being awaited.

                There have been strong rumours that the associations ahve been bought off by JP, who are keep to get a clean exit through NCLT.

                Some dubious individuals have hijacked all mass communication channels to "recommend" voting.

                There is no end in sight.
                a cat not able to catch mice will scratch the pillar in frustration

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  Originally posted by Raojee View Post
                  Noida: Jaypee Wish Town locals want a structural audit

                  Updated: Aug 2, 2018, 06:40 AM IST

                  In the aftermath of the fall of eight-year-old Aarav Beniwal into the ventilator shaft, residents of Jaypee Wish Town Klassic are sceptical to use facilities at the society. It seems that the trust in the builder has taken a hit. They are leaving no stone unturned to locate the places within the society which are potential safety hazards.
                  The residents claimed that the place where the child fell is not the only place that is ill-maintained within the society. They want the problem areas to be fixed. But, of course, the builder's involvement is also required to make the place safer for children.

                  There are several cracks on the walls of the towers, the children's play area is dug out and there are open high-tension power wires.

                  The recent instances of building collapses in Delhi-NCR areas after the arrival of monsoon have also affected the psyche of people. The residents frequently complain about the sub-standard construction materials.

                  A resident of the Klassic Tower said that they want a structural audit by the government. "We should know the exact position of the society. We will soon write a letter to the Uttar Pradesh Chief Minister and the district magistrate in this regard," the resident said.

                  High-tension wires were also spotted 10 meters above the ground. They were seen at the area where children play and residents jog. This place was not more than 10 steps away from the ventilation shaft where the boy fell. Residents had demanded underground wiring two years ago, but the builder has done nothing so far.

                  Another resident said that the electric poles, installed by the builder in the park area, are dangerous for children. "Children come to play here and if the wire falls on any of the child or person then who will be responsible for the casualty. The builder should address this as soon as possible," he said. Most of the area of the park is also dug out.
                  "I don't think fire sprinklers are operational here. Many of them are locked as well. We need to force the facility management group to do fire drill every month (not evacuation only but to test the whole system is working or not) and we will be a part of it," the resident said.
                  RESIDENT WOES
                  • Residents claimed that the place where the child fell is not the only space that is ill-maintained within the society. They want the problem areas to be fixed.
                  • There are several cracks on the walls of the towers, the children’s play area is dug out and there are open high-tension power wires.
                  URL: http://www.dnaindia.com/delhi/report...-audit-2644614
                  Has this been done ? How did Jaypee manage to get OC for such an unlivable place ?

                  Comment

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