Jaypee Wish Town: A Project of all Luxuries in Noida to Make Your Dream Home

Noida and Greater Noida both are the like twin city, close proximity to Delhi and all over NCR. These are having the excellent amenities and infrastructural development done.

Noida's proximity to the national capital and excellent connectivity through roads and metro is turning it into one of the most sought after real estate destinations. Also, a lot of corporates have established their foothold in Noida which is making people shift their base to this part of NCR.

Noida real estate projects such as Jaypee Greens Wish Town and others are all set to redefine comfort living through a wide range of well-designed residential apartments. Right from Luxury villas to plots, flats, penthouses to budget apartments, one can find an abode that perfectly suits his needs. People looking to invest in real estate also prefer to invest in Noida. The reason is simple: The rising value of property in Noida ensures higher return on investments. Also, developers and builders of Noida are announcing a slew of new projects along with attractive deals in the region.

Projects are ready to move in in various projects of Jaypee Greens Wish Town which an integrated township in Noida located on Noida Greater Noida Expressway.

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About Ready to Move in Homes in Noida

Ready to Move in Homes are Available in Noida: The projects on Noida Greater Noida Expressway are available for possession. The surrounding location of expressway is the prime as per location - wise. Here at this location IT companies, Institutes, Industrial area and many government infrastructural development already done at the location. So purchasing the ready to move in apartments or homes at this location would be really fruitful. 

Though Jaypee Greens Wish Town, the projects and the related company Jaypee Infratech Limited is facing insolvency case at this time, but it has a remark-less apartments and individual villa under the boundary of Jaypee Greens Wish Town.  

Projects such as Jaypee Greens Kosmos, klassic having affordable prices here and many of families are residing here. The facilities and amenities are functional and connectivity is the best via Noida Greater Noida Expressway.

Noida has been among those property markets where a great number of projects were launched in the past decade but many of them were unable to deliver or many builders escaped the project and buyers are feeling cheated. So end users now thinking that they should purchase a ready to move in project without any risk and options are available in market. 

Because of the affordability of the area, developers have taken the benefit of this market. The location is very close to national capital Delhi. However, in their hurry to launch as many projects as they could to make great profits. So present time market trend is favorable to buyers and they can choose the options at reasonable cost.

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Buyers can expect to get their flat in Jaypee Greens Wish Town

Buyers can expect to get their flat in Jaypee Greens Wish Town:-

The buyers of Jaypee Greens may have hope to get their homes as Supreme Court is taking expected steps to safeguard the favors of home buyers as following action has taken by the court in hearing of 22 Nov 2017.

SC bars Jaiprakash Associates directors, promoters from transferring personal assets 

New Delhi: The Supreme Court on Wednesday restrained the independent directors and promoters of Jaiprakash Associates Ltd (parent company of Jaypee Infratech) and their family members from transferring any personal assets or property without the court’s permission in order to safeguard the homebuyers’ interests.

They will be held for criminal prosecution or contempt of the courts order if found in violation, the court held.

Eight independent directors and five promoters of Jaiprakash Associates were personally present in court on Wednesday.

“You have gone up at the cost of home buyers,” said chief justice Dipak Misra as he addressed the directors and promoters. A bench headed by CJI Misra also allowed Jaiprakash Associates to furnish the due amount of Rs2,000 crore in instalments.

An amount of Rs275 crore was deposited by the company with the court registry on Wednesday. After this, the company’s liability stands at Rs1,725 crore. The court has directed that Rs150 crore be deposited by 14 December and another Rs125 crore by the end of December.

At the last hearing, Jaiprakash Associates’s offer to deposit Rs400 crore towards the due amount of Rs2,000 crore had been rejected by the court.

Pawan Shree Agrawal, amicus curiae (friend of the court) in the matter, has also been asked to set up a website that would help maintain a detailed account of the money owed to homebuyers and aid the refund process. Similar websites have been set up under the court’s orders in cases of default by real estate companies like Unitech and Supertech.

On 4 September, the apex court had stayed an order passed in August by the Allahabad bench of the National Company Law Tribunal (NCLT), which initiated insolvency proceedings against Jaypee Infratech. A day later, IDBI Bank approached the court seeking restoration of insolvency proceedings against Jaypee Infratech.

The court was hearing a public interest litigation (PIL) by Delhi resident Chitra Sharma, who has booked a home in a Jaypee Infratech project.

Homebuyers in Jaypee Infratech projects were required to fill up forms to register claims in the corporate insolvency resolution process against the firm by 31 August.

In a 9 August order passed by the Allahabad bench of NCLT, liquidation proceedings against Jaypee Infratech were initiated under the Insolvency and Bankruptcy Code of India (IBC), 2016. Jaypee Infratech has defaulted on Rs526.11 crore of loans outstanding to IDBI Bank.

Sharma’s plea sought a stay on the NCLT order, and urged the court to conduct a forensic audit of Jaypee Infratech and Jaiprakash Associates. The petition submitted that such an order was forcing homebuyers to submit themselves to the jurisdiction of the IBC, even though it does not cater to their interests.

Jaypee Infratech was among the 12 companies, against whom the Reserve Bank of India (RBI), through its 13 June directive, had asked banks to file insolvency petitions.


The matter will be heard next on 10 January, when the 13 independent directors and promoters will also be present.

By reading above news it may be seen that the home buyers of Jaypee Greens Wish Town can get the homes.

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Jaypee Greens Buyers are Anxious to Get Possession

Jaypee Greens Buyers are Anxious to Get Possession:-

Since few days back many news are coming in regarding to possession of Jaypee Greens Wish Town project that Jaypee Infratech Limited is passing in state of insolvency / bankruptcy and India's top court The Supreme Court is hearing about the matter. So buyers are worried about their hard - earned money which is invested in various projects of Jaypee Greens Wish Town.

Due to various kind of news coming regarding the project, buyers are much worried about the getting possession and many of them are want to withdraw their amount. Though project is almost ready and construction work is almost done only finishing and final touch is left in most of apartments.

At present time in Jaypee Greens Kosmos and some other projects people are living with all facilities such parking, club, sports facilities, kids play area open and green area. So those projects are ready to move in, there people are living.

People who purchased the home in Jaypee Greens Projects are waiting for getting for possession in their projects and they don't want the get return their money.

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Ready to Move in Projects are in Demand in Real Estate Market

Ready to Move in Projects are in Demand in Real Estate Market:-

Due to various projects delayed in real estate field, the demand of ready to move in projects is increased, People are thinking that if they go for fresh booking project, they would have to pay double of their earning i.e. rent for his living house and home loan EMI for new home loan and as per history shown that the builders are not reliable for proving houses on time. 

There are the numbers of list of undelivered houses which were launched last 5-6 years back and the home buyers are still waiting and paying the home loan emi since 5-6 years.  The status of projects is still undeclared that is why people are not much interested to purchase new launched projects, though RERA would be watching over the builders and government also doing favorable law to secure the right of new home buyers but builders having many ways to get benefits. 

Seeing all that new home buyers are much interested to purchase homes in ready to move in projects to avoid problems of delay etc.

Jaypee Wish Town a project in which many projects are ready to move in such as Jaypee Kosmos, Jaypee Klassic where affordable prices and ready to move in flats are  available, most of part of Jaypee Kosmos and klassic is ready to move in. Jaypee Greens Wish Town a township in which luxurious apartments developed in sector 128 where most of projects  are ready to move in and people are living there in close vicinity of largest golf course.  

Noida Expressway having most projects such as ATS pristine in sector 150 ready to move in and commercial buildings, IT companies are functional there, it have the great connectivity via Noida Greater Noida Expressway and other side with Yamuna Expressway. Metro line is under construction from Noida City Center to Greater Noida Pari Chowk and prime sectors of Greater Noida City.

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Jaypee Infra insolvency: IRP floats EoI for resolution plans

Jaypee Infra insolvency: IRP floats EoI for resolution plans :-

NEW DELHI: The interim resolution professional (IRP) appointed in the Jaypee Infratech insolvency case has invited companies, investment firms and fund houses with a net worth of over Rs 1,000 crore to complete the developer’s delayed projects, including Noida’s Wish Town, by infusing Rs 2,000 crore or more.

Entities able to take up the projects directly or through joint ventures and contractors should submit their proposals by November 7, Anuj Jain, the IRP appointed by the National Company Law Tribunal, said in an advertisement published on Friday.


Companies that take up the projects must ensure protection of the home buyers’ interests by timely construction and handover of the flats. They must submit their financial statements for the past three years, ownership details and proof of address with their applications.

Earlier this week, the Supreme Court denied permission to Jaiprakash Associates, the holding company of Jaypee Infratech, to sell the unit’s Yamuna Expressway to raise funds. However, the court extended the time for Jaiprakash Associates to deposit Rs 2,000 crore to pay aggrieved home buyers, as per its earlier order, from October 27 to November 5. The next hearing in the case is on November 13.

Abhishek Dubey, a New Delhi-based lawyer and a Jaypee Greens flat buyer, said it will be tough for a real estate company to undertake this mammoth exercise considering the protracted litigation under way in the Supreme Court, consumer courts and NCLT. Most importantly, he said, there is a lack of sufficient unencumbered assets with Jaypee that an incoming interested party can sell to raise funds for construction of flats. “Also, will the incoming investor make any profits is a big question to be answered , he said.

About 32,000 home buyers were left in the lurch after the Allahabad bench of the NCLT classified Jaypee Infratech as insolvent on August 9 on a petition filed by IDBI Bank under the Insolvency and Bankruptcy Code 2016. Jaypee had defaulted on a Rs 526 crore loan by the bank.

The builder informed the Supreme Court that it wants to sell the Yamuna Expressway to generate money and has an offer in hand for Rs 2,500 crore. However, its proposal was opposed by the Attorney General KK Venugopal, IDBI Bank, the Yamuna Expressway Industrial Development Authority and the IRP. The 165-km, 6-lane expressway connects Agra and the National Capital Region.

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Jaypee Homebuyers Finally Get Possession Letters

Jaypee Homebuyers Finally Get Possession Letters

TIMES NEWS NETWORK





Nearly 1,150 homebuyers in Jaypee Wish Town and Kosmos have received possession letters over the last twoand-a-half months when Jaypee Infratech was admitted for insolvency by the National Company Law Tribunal.Company sources said that during August and September, around 950 possession letters were offered, while another 200 letters have been handed over so far this month. The expectation is that the current pace of construction will be maintained and another 2,300 apartments in Wish Town will be handed over by December 2017.
Although the insolvency resolution professional has been running the operations, most of the apartments were close to completion before IDBI Bank moved the insolvency tribunal following instructions from the Reserve Bank of India.
With the current round of possession letters and 1,700 residential plots and town houses handed over around 7,700 residential units have been offered for possession. Jaypee Infratech had committed to build around 32,000 units across its 27 projects. While some of the projects were launched close to a decade ago, based on the current time lines, possession is to be completed by March 2021.
The insolvency resolution professional appointed by NCLT is trying to complete construction and also advance the delivery schedule, for which it has estimated that additional Rs 2,000 crore would be required. While the IRP and committee of creditors had planned to rope in investors to raise the funds, Jaypee has told the Supreme Court about plans to raise around Rs 2,500 crore from Yamuna Expressway .
Sources said that Jaypee promoters are in dialogue with Cube Highways, backed by a Singapore fund, and IFC, the World Bank's private sector investment arm, for a possible securitisation deal.
Cube Highways, which is credited with turning around some of the highway projects in India, had earlier proposed a 20 year securitisation deal, which IDBI Bank had virtually blocked.
While Cube Highways executives did not responded to messages, in response to a questionnaire, a Jaypee spokesperson said: “Since the matter is sub-judice in SC, please allow us to refrain from giving any responses at this stage.“

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Wish Town buyers demand completion of project by Dec 2018

Source : TOI dated 17th 2017

NOIDA: A private legal firm representing homebuyers of Jaypee Wish Town in the insolvency proceedings at NCLT has written to the Amicus Curie of the Insolvency Resolution Professionals (IRP) demanding all pending constructions at Wish Town be completed by December 2018.

The letter, which is an intervention application on behalf of buyers, was sent on September 15. The letter upholds the buyers' interests and demands the buyers be given 18% interest for the number of years for which the project has been delayed. The buyers have also demanded that Rs 10,000 crore be set aside for the completion of Wish Town and an additional Rs 5000 crore be set aside for any additional expenses arising for the completion of Wish Town by the builder.

The buyers have also requested that a special committee be created with representatives from the builders, buyers, lenders, construction companies and any other stakeholder in the project. The buyers have also harped on the need for an escrow account to protect any future fund that the buyers would make towards the builder for completion of the project.

"The letter was sent to represent the buyers in the NCLT proceedings as directed by the Supreme Court. This is an intervention application sent to the IRP through the legal firm representing us in the case," Krishan Mitroo, a buyer stated.

"The buyers have made a few valid points through the intervention that their investments should be protected, their houses should be handed over without delay and they should be compensated for the delay in delivery through interests," Pramod Kumar, a Wish Town buyer, said.

The Supreme Court in a recent hearing has asked the builder to deposite Rs2000 crore in lieu of completion of the project, by October 27.

http://www.jaypeegreens-noida.in/

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Jaypee Greens Wish Town: Buy Now, Move - in - Now

It has been seen in real estate sector that the end users of property are searching ready to move in options at various location of Noida. The buyers of ready to move in projects have increased due rumors that the realty market prices have came to lowest level whereas the seller of Ready to move in projects are stable and not moving in market due to such big chitchat. The realty is not near to true the price ready to move in apartments not so slow down and the experts are saying that market price of such project may increase and there are no any chances to go down the price.

So there is a project advisable for them who are looking ready to move in apartments at affordable price the project comes under the prestigious township the "Jaypee Greens Wish Town" and Jaypee Kosmos and Klassic are the affordable by size and prices. Even both the projects having luxurious and premium 3 and 4 BHK apartments with the all facilities and amenities and 2 BHK affordable also.

Jaypee Greens Wish Town; an integrated township having total five sectors of Noida and spread over 1162 acres of land. Sector 128 is a prime sector and a 18+9 hole golf course has developed and functional now. At the location of prime sector the project Jaypee Klaypso Court, Jaypee Greens Imperial Court, Pavilion Court and Pavilion Height are ready to move in and located just in-front of Golf Course.

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Best time to buy as prices are not going to fall any further

At the present time, real estate market is down and people are still waiting for more fall of prices where as the experts says that the time is best to buy homes for end use. Home loan rates of interest is also at the down point so opportunity is best to buy ready to move in.

A project on Noida Greater Noida expressway namely Jaypee Greens Wish Town having ready to move in projects in sector 128 and sector 134 in which approx 4000 apartments and homes area ready to move in and all modern amenities are fully functional.

Jaypee Greens Wish Town Ready to Move in projects having Modular kitchen, vaastu compliant, covered car parking, power back up, ready to move in. 2 tennis courts, Swimming pool, luxury fitness center, very open spacious excellent location, excellent landscaping,  security 24 x7, and intercom facility. So apartments are fully finished to live here and daily needs amenities are functional here.

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Luxurious Apartments at Jaypee Greens Wish Town

Luxurious Apartments at Jaypee Greens Wish Town:-

Sector 128 in Jaypee Wish Town is a prime sector in Jaypee Greens Wish Town in which luxurious apartments and Villas are ready to move in at the just in-front of 18 hole golf course. It have all modern amenities at one point. Jaypee Greens Wish Town has designed as nature friendly with large area of open space. The sports and club facilities has developed with every projects.

Sector 128 in Jaypee Greens Wish Town having luxurious homes, here either projects are ready to move in or almost completed so in near future the location would fully occupied with a class of gentry because the end users  of this location are good professionals or businessmen.

Market of real estate is in favour of buyers and ready to move in options/ homes are available at lower price. So we can say the golden time for new home buyers or end users. Jaypee Greens Wish Town is a iconic project on Noida Greater Noida Expressway so this is the best realty option in NCR.

Jaypee Greens Actual Pictures :-

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Banks cut lending rates: Ready to move in homes with low EMI

Banks cut lending rates: Ready to move in homes with low EMI:

Due to cut of interest rate on home loan the opportunity open the doors for lower middle and middle class of people to purchase affordable and ready to move in homes in various projects such as Jaypee Greens Wish Town and others ready to move in on Noida Greater Noida Expressway.  

Due to demonetization, the bank deposits flooded with money, which is now compelling the bankers to give a thought to reduce both deposits and lending rates. The bankers have recently cut knife on the savings/deposits rates giving a blow to the middle class. The government has been persuading banks since a long time to lower rates on the grounds that the deposits rates have come down and the benefits should be passed on to the end consumers. The banks will have to pay less interest to the consumers on various kinds of deposits.

Present time is a golden opportunity to buy their dream home the market is down, so without any delay the end users should take a final decision to purchase because later or sooner market would improve. The realty experts saying that there are various factors in improvement of the market.

Jaypee Greens Wish Town an integrated township at the prime location of Noida in which many projects are ready to move in and projects are occupied there. Affordable projects are Jaypee Kosmos and Klassic and premium projects are Imperial Court, Kalypso Court, Pavlion Court and Pavilion Heights in which people are living. So end users can buy dream home here.

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