Jaypee Greens has launched the project Aman on May 27, 2009, this 70 acre project is having 2/3 bed room flats of 850 – 1350 Sq.Ft, 9 hole golf course, at only Rs 2250/Sq.Ft possession will be given in 2012.
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These offers look very attractive, attractive like a carnivorous plant - This attracts its prey with color full exteriors by show casing itself as most beautiful flower of the town.

Two three days ago I received an SMS on my , about the price and area of the flat. I was surprised with the offer. In a time where other builders are offering flats at higher rates, why these people is so benevolent on their customers?

Through my search for fact I was left with some unanswered questions, which made me sure that some thing fishy is going on in this project.

1. My 1st question – why any body from Jaypee is not involving in the deal?

The very first thing that I noticed was, no body from Jaypee is directly involved in booking and providing information on Jaypee Aman. I called up at Jaypee office and after transferring my call for 5 times they asked me to drop my Number, They will call me back.

I got a call from a guy named Vikas, on enquiring him I found out he is not a Jaypee employee but a broker.
I searched on net for any contact no of marketing personals of Jaypee Aman but that led me to a failure, every time it was a broker on the line.

“No body gave me the number of the Jaypee Marketing Exc or manager”

2. Why every one is confused about the No of units of flats in 70 acre land?

During my conversation with brokers, I found that all brokers (almost 5) told me different numbers of units. The data was varying from 1200 to 3000 units of flats. These variations directly relates to the authenticity of its Legal and Technical Papers, these rise the questions –

“Do they have approved Map for the project?
If yes than why they are not sticking up at a definite number of units?”

“If they don’t have papers than, how can they launch their project and ask for the money?”


3. Conversation with HDFC bank.

A customer care executive of HDFC bank confirmed me that, papers of the property have still not passed by the Noida authority till 27th May 28, 2009.


4.Payment Plan for the Jaypee Aman.

· 20% of Basic amount + IDC within 2 months of Booking.
· 10 % of Basic amount within 4 months of Booking.
· 10 % of Basic amount on Excavation.

They are collecting 40% of basic amount before the excavation?
How much will be their investment into the project?
At what stage of development will they ask to bank for finances?

5.Loading on super area.

There is loading of 20% in the super area - as I was told by the broker but my calculation shows loading of 38%.

6. Construction of yamuna express way.

The whole story started with this only, the land on which they are building the Project was allotted by the government as a payment of much hyped Yamuna Express Way – to connect Greater Noida to Agra – the project was launched in April 2001 and it was about to complete in 4 years, But it has constructed only 25 Km out of 215 Km. in 9 years.

Are they liable to construct on the land, they are given as a payment of Express way which is not even 50% completed?

What if government asks to stop this project in mid way?

Who will be responsible for the money of customers? Brokers who are indulge in the deal or the company which is indirectly collecting money from the market?
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  • Rohit

    Boss, I asked you some question in my last reply but you did not respond to that, read my last post and write again
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  • answer to asked query

    >>Did you filled up some Application Form and kept a copy of App form with you?
    YES
    >>Have you received receipt of cheque?
    NO, they said, receipt will be given along with the PAL (authority letter of flat booking)
    >>Does your bank statement show cheque get cleared?
    YES

    Now, what do you suggest?
    Rohit
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  • hi i am sara.i read your all discussions and got a great knowledge about real estate and its problems.
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  • Things to do before buying your dream house

    This post is a real eye opener for common people like us.
    We know there is no protection for buyers in India. And court case and all in India is not our cup of tea. In that case Investigation before buying a property is the only option.
    Whenever a new project comes to market we look into the floor plan location and decide to buy. But looks like there are hundred other things that a buyer should take care.
    This is a great forum to discuss those points.
    There are good experts available in the forum to tell these to-do list before buying a realestate property.
    If any expert share the idea and the points to consider before buying a property that would be very helpful for less knowledgable buyers like me.
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  • I have received a SMS that a draw will be held as number of applicants are more. But every thing is in dark. They have said that third party agency will be holding draw & date & name of the party will be intimated. Let us hope well.

    I had made payment of Rs. 1.5 lakh by cheque. The cheque has been withdrawn.
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  • Wish town

    with all this episode...can we still trust Jaypee for Wish town Klassic and when Jaypee is already fooling around its customer for moon court and tht too for over an year....
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  • SMS received

    I also received SMS from "JP Greens" stating that number of cheques received is more than number of flats. So a computerized draw will decide whom to allot the flats.

    -They had 3300 flats, where as they withdraw money from 5000+ cheques, i.e. 1700 lakhs ruppees extra.
    -Donot know when would they refund back the money incase we donot get flats
    - Will the interest amount be also paid?

    Rohit
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  • Wishtown Klassic

    Hi,

    I see concerns being aired on this forum about Jaypee Aman. I wanted to know if anyone has done a similiar analysis for Jaypee Wish Town Klassic also (i.e. are their papers in order, do they have approval from Noida authority etc.) ?

    Jaypee Wish Town Klassic has been in the market for a longer time than Aman and banks such as HDFC, Axis have been giving loans for these apartments. Does that usually mean that their papers must be in order because the banks must have done that checking?

    Thanks
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  • jaypee

    the delivery of wish town is the major concern....plus the whole township is more than 1100 acres....dont really know when everything will be delievered...and i still believe the existing rate is bit high as well...thanks
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  • Not sure how true are these unfound worries, but today at 10 AM when we reached the J.P institute sector 62 noida, where the draw was suppose to be held today on 21 july 2009, we were told the draw has alreday been done by computer & the list will be out soon.

    Till 1pm we kept waiting but no list was shown to people there, instead they were selling their new project Kosmos over there.
    The media was not being allowed & JP officials had arranged bouncers along with police force within the complex.
    CommentQuote
  • Need To Be Unite And Fight

    Originally Posted by rinku
    Not sure how true are these unfound worries, but today at 10 AM when we reached the J.P institute sector 62 noida, where the draw was suppose to be held today on 21 july 2009, we were told the draw has alreday been done by computer & the list will be out soon.

    Till 1pm we kept waiting but no list was shown to people there, instead they were selling their new project Kosmos over there.
    The media was not being allowed & JP officials had arranged bouncers along with police force within the complex.



    Hi dear,
    Rinku, i have been telling people from the day of its launch about the project to look after the authenticity of the project. all these computer draw is a Show off and the allotment list will be made on the basis of preference,

    to ensure your self you must go and confirm with Jaypee whether your form has been accepted or not, acceptance of cheque is not surety of your entitlement to the flat. cheque can be misused.
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  • hi

    hi all

    this is tulika singh i am from india news channel i am producing the show INDIA REAL ESTATE. WHICH IS TELICAST ON SATURDAY AT 6 PM AND REPEAT ON SUNDAY AT 9 AM

    u people are doing well done job. i am also doing deep research and searching the case against builder and froud by developer builder etc. if you people have any problem with any developer or builder plz contect me. whatever i can do i will do it.

    thanks

    tulika

    9899846214

    tulikasingh69gmail.com
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  • Welcome Tulika!

    Though your intentions are noble.. but it seems that you are here to listen to sob-stories of people and advance your career by showing spiced up versions of these to advance your show's TRP.

    It is recommended to share what you are doing in your shows, share a case-study of something you did that made a difference somewhere.. may be that way you will get more insider info from the community and expand your networking...
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  • can someone share their experiences about Jaypee Kosmos.... I m very sure that in coming days Jaypee will launch more towers in their 1100 acre township Wish town and tht too in at a cheaper rate as market is slowing down...(earlier Klassic was sold at 3400 Rs and now Kosmos at 2850 rs...
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  • Very useful thread...thanks!
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