Jaypee Infratech undergoing insolvency but 'in good health': Manoj Gaur at AGM

Jaypee Infratech undergoing insolvency but 'in good health': Manoj Gaur at AGM NOIDA: Embattled Jaypee Group chairman Manoj Gaur on Thursday said realty arm Jaypee Infratech is undergoing insolvency but "is in good health" and has posted a growth in revenue in 2018-19. Company officials said the company has more assets than liabilities and hoped it will get the project to deliver nearly 20,000...

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Jaypee Greens Ready To Move In Projects

Jaypee Greens Ready To Move In Projects: At present time Jaypee Greens's all under - construction  projects are facing insolvency proceedings problems but some of them are not in any kind  of trouble those are free from the any kind of legal issues are following: Jaypee Kosmos:- One affordable projects namely Jaypee Greens Kosmos located in sector 134 Noida. Here thousands of apartments...

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Jaypee Greens Wish Town Ready To Move in Project

Jaypee Greens Wish Town Ready To Move in Project:- Jaypee Greens believe that good living is a state of mind as a tangible reality. These Apartments give you a choice to select your dream space that suites your budget, locality and layout. Jaypee Greens kosmos resell and rent deals are available in every tower and block. ...

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Govt slaps Rs 14 crore penalty on Jaiprakash Associates for unfair business in Wish Town, Jaypee Greens

Govt slaps Rs 14 crore penalty on Jaiprakash Associates for unfair business in Wish Town, Jaypee Greens JAL has been found guilty for imposing unfair and discriminatory conditions on the allottees in Wish Town, Jaypee Greens project in Noida and Greater Noida, the Ministry of Corporate Affairs said in a statement. The Competition Commission of India (CCI) has slapped a penalty of Rs 13.82...

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Repo rate lowest since 2010 after RBI’s third cut this year

Repo rate lowest since 2010 after RBI’s third cut this year: Emboldened by benign inflation and availability of buffer foodgrain stock, RBI monetary policy committee (MPC) voted unanimously to bring down the repo rate from 6% to 5.75% — the lowest since September 2010. Repo rate is the price commercial banks pay to the RBI for short-term funds. RBI also hinted at more cuts by changing...

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UP to begin bid process for Jewar airport today

UP to begin bid process for Jewar airport today: Source : HT First Published: May 29, 2019 07:34 IST The Uttar Pradesh government will on May 30, start the process to hire a developer for the airport at Jewar in Greater Noida, which is expected to become the national Capital Region’s second airport and take the load off Delhi’s Indira Gandhi International Airport once completed, two state...

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UP Approves Rs 894 Crore For Resettlement Of Displaced For Jewar Airport

UP Approves Rs 894 Crore For Resettlement Of Displaced For Jewar Airport. Noida: The Uttar Pradesh cabinet on Tuesday approved a proposed bid document for Jewar Airport near Noida and sanctioned Rs 894 crore for the resettlement and rehabilitation of displaced families, an official statement said. The land acquisition process for the Greenfield International Airport in Gautam Buddh Nagar,...

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Malls, Food Joints in Commercial hub near Jewar Airport

Greater Noida: By next month, Yamuna Expressway Industrial Development Authority will come out with a scheme for developing a commercial in Sector 18. The hub is expected to gather attention, especially with the upcoming Jewar airport project in the vicinity. Under this scheme, a 25-acre land in Sector 18 will be developed for a dedicated entertainment zone that would malls, retail shops, restaurants,...

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Jaypee Infratech saga: NBCC's revised offer fails to make cut due to lack of approvals

Jaypee Infratech saga: NBCC's revised offer fails to make cut due to lack of approvals: Due to lack of approvals by the administrative authorities, the revised plan submitted by NBCC, which is in the race to acquire embattled firm Jaypee Infratech, has been found to be non-eligible for consideration. The offer by Mumbai-based Suraksha Group was the only plan found to be compliant as per Insolvency...

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NBCC to submit revised bid to acquire Jaypee Infratech by April 25

NBCC to submit revised bid to acquire Jaypee Infratech by April 25 NBCC and Suraksha Group are in race to acquire bankruptcy-bound realty firm Jaypee Infratech. State-owned NBCC Ltd is likely to submit revised bid by April 25 for acquiring debt-ridden Jaypee Infratech and complete the housing projects. Lenders of Jaypee Infratech met Tuesday here and asked NBCC to submit their plan by April...

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Buyer can't wait indefinitely for flat, says Supreme Court

NEW DELHI: The Supreme Court has upheld orders of a state consumer commission and the national commission to refund payment with interest to a homebuyer for over seven years' delay in handing over possession of the flat he had booked with a Kolkata-based builder. The court said a buyer cannot be required to wait indefinitely for possession of his house. A buyer can be expected to wait for...

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Jaypee Greens Wish Town : NBCC may Get Jaypee Infratech Limited

NBCC India leads race for Jaypee Infratech with Rs 1,000-crore offer: Indian lenders of Jaypee Infratech are set to vote from Wednesday on the two offers made by the government-owned NBCC India and Suraksha Asset Reconstruction. The highest bidder will be announced by Saturday. While NBCC has made an offer of Rs 1,000 crore as upfront cash, Suraksha’s offer was far less at Rs 10 crore. In...

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Jaypee Home Buyers May Get Their Home Soon

Jaypee Home Buyers May Get Their Home Soon: Though there are various projects in Jaypee Wish Town in which home buyers are getting their houses such as in Jaypee Imperial Court, Kalypaso Court, Pavilion Court and Kosmos , Klassic etc. There for many projects are on hold yet in Jaypee Greens Wish Town and Jaypee Sports City on Yamuna Expressway. Following news is reason for positive waves: ...

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