Jaypee Wish Town, Ready to Move in Apartments

Jaypee Wish Town, Ready to Move in Apartments:-

There are some projects are ready to move in at Jaypee Greens Wish Town where hundreds of families has shifted and living peacefully. The apartments here in the Jaypee Wish Town are premium with modern lifestyle. The society is a gated community with the best security and functional amenities such club etc.

Jaypee Greens Wish Town having connectivity advantage: The location of Noida Greater Noida expressway is emerging with the rest of NCR through this expressway, now improving the location due to the projects in Jaypee Greens Wish Town and other projects at this location, are ready to move in so property buyers are moving  to this location.



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Tata Housing, Lodha Group keen to buy Jaypee’s Yamuna Expressway

MUMBAI: Real estate developers Tata Housing and the Lodha Group have filed initial bids for debt-laden realtor and road builder Jaypee InfratechBSE 1.49 %, the fate of which is now being decided at the Supreme Court and the National Company Law Tribunal (NCLT), the country’s dedicated platform for insolvency resolution.

Two people familiar with the bidding process told ET that both property companies are keen to own Jaypee’s Yamuna Expressway, a prime concrete road project that starts at the eastern end of Noida-Greater Noida Expressway and runs up to Agra. The Yamuna Expressway carries heavy traffic at a toll of slightly more than Rs 2 a kilometre for a car.

The property’s richest attraction is its extensive land bank, with facilities either proposed or already functioning in the immediate vicinity of the access-controlled motorway.

Rs 2,000 Crore Needed
India’s only operational Formula One racing track is located along the road, while the site of the capital region’s second proposed airport is close to the first toll gate from the Greater Noida end. Next to the motorway is one of the biggest urban .. campuses of a state-run university, while the mega convention centre hosting the annual Auto Expo is also adjacent to the expressway.

ET reported on January 4 that the Reserve Bank of India has ordered banks not to initiate bankruptcy proceedings against Jaiprakash AssociatesBSE 5.30 %, the parent of Jaypee Infratech, in likely anticipation of legal complications after a Supreme Court ruling barred its promoters from selling or transferring assets. The court ruling followed an appeal by homebuyers after IDBI Bank filed to start insolvency proceedings in August against Jaypee Infratech.
Jaypee Group managing director Suren Jain and the Lodha Group declined to comment on the bids for Jaypee Infratech. Tata Housing didn’t respond to ET’s queries.


While there appears to have been a big response, it’s to be seen how many of the initial expressions of interest translate into binding offers, sources said. A binding bid comes with a commitment from an interested party to purchase the assets.

“The bidders, apart from purchasing the assets, need to infuse around Rs 2,000 crore to complete the projects already taken up by Jaypee Infra,” said one of the two persons cited above.

The NCLT Allahabad bench admitted IDBI’s insolvency proceedings against Jaypee Infratech in August as it had failed to repay Rs 526 crore of loans. NCLT had appointed Anuj Jain as the interim resolution professional (IRP) to carry out proceedings under the Insolvency and Bankruptcy Code. But in September, the Supreme Court stayed the process after Jaypee Infratech homebuyers appealed.

“If real estate properties are free from litigation, it makes sense for renowned industry players to bid for such assets,” said Mamta Binani, former president of the Institute of Company Secretaries of India and an insolvency professional herself. “Any premium road project or swanky housing properties should generate good returns over a period of time if they are operated in the right fashion.”
The company’s total debt on its books was about Rs 8,300 crore, with an interest overdue of Rs 1,400 crore, as on March 31 last year. The group is now in the process of filing a resolution plan before the Supreme Court, which is expected to ensure a debt restructuring process, enabling the defaulting borrower to meet its obligation.

Jaypee Greens Wish Town some projects are ready to move in such as Jaypee Kosmos, Jaypee Klassic











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Adani, Hindujas join race for Jaypee Infra

Adani, Hindujas join race for Jaypee Infra:-

Points to be noted:

  • The move comes as Jaiprakash Associates has been virtually ruled out of the race to stay in control of the company facing insolvency proceedings.
  • Jaypee Infratech is yet to deliver around 25,000 flats in Noida and also manages the Taj Expressway that connects the Delhi suburb with Agra.


NEW DELHI: At least three high-profile bidders — Adani Group, Hindujas and Sajjan Jindal’s JSW Group — have entered the fray to invest in Jaypee Infratech, taking the number of suitors past 20.
The move comes as Jaiprakash Associates, which holds a majority stake, has been virtually ruled out of the race to stay in control of the company facing insolvency proceedings. Jaypee Greens company Jaypee Infratech is yet to deliver around 25,000 flats in Noida and also manages the Taj Expressway that connects the Delhi suburb with Agra.
JSW had earlier submitted a joint proposal with Jaiprakash Associates and was in talks to acquire around 30% stake. Sources told TOI that the fresh offer is on a standalone basis and makes the company one of the top bidders for the 12 high-profile companies facing action under the Insolvency and Bankruptcy Code (IBC). The Sajjan Jindal Group is eyeing Bhushan Steel and Monnet Ispat among companies on the block as part of the insolvency crackdown ordered by the Reserve Bank of India.
The interest from three big players will offer comfort to Jaypee Infratech lenders.
Jaypee assets: Companies eye Taj Expressway
The Ordinance promulgated last week was seen to result in less aggressive bidding in Jaypee after promoters of companies that have been nonperforming assets (NPAs) for over a year were made ineligible to submit bids under the 180-day resolution process.

The insolvency professional is looking at investors to raise Rs 2,000 crore for completion of the flats and villas. At the last meeting of the committee of creditors there was also a proposal for lenders to pump in Rs 500 crore to resume construction but a decision was deferred with the banks eyeing funds from the new investors.
Several prominent players such as Tata Realty, L&T Infra, Anil Agarwal’s Vedanta Group, Lodha, IDFC and the government-promoted National Infrastructure Investment Fund (NIIF) had responded to the insolvency professional’s notice seeking interest from potential investors. While several of the companies are looking at all the assets of Jaypee Infratech, there are some which are interested either in the real estate project or the Taj Expressway. For long, it had been speculated that the Adani group will be a bidder for Jaypee Infratech.

The fresh bids come at a time when the insolvency professional is preparing an information memorandum in the run up to the bidding process.
But unlike the past, the credentials of all bidders are also being checked to ensure that they do not attract provisions of the Ordinance, which will make them ineligible.

Jaypee Greens wish town is a project in which ready to move in apartments are available.

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Positive Hope for Jaypee Wish Town Home Buyers

SC asks Jaypee to deposit Rs 275 crore by December 31; freezes assets of 13 Jaypee directors, promoters:-

Trouble seems to be brewing for debt-ridden Jaiprakash Associates Limited as the Supreme Court on Wednesday ordered the company to payback all dues to homebuyers and warned its directors and promoters from alienating their properties as well as the assets of their family members. The real estate firm, however, deposited a demand draft of Rs 275 crore with the Supreme Court bench.

Several hundred people have been left in the lurch after the National Company Law Tribunal (NCLT), on August 10, admitted the IDBI Bank’s plea to initiate insolvency proceedings against the company for defaulting on a Rs 526-crore loan. The bench asked the company’s 13 directors, including five promoters of embattled JAL, not to alienate their personal properties and asked the firm to deposit Rs 150 crore and Rs 125 crore by December 14 and December 31, respectively.
A bench comprising Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud further restrained the directors from alienating the properties of their immediate family members also and cautioned that any violation of its directive would hold them liable for criminal prosecution. Meanwhile, the bench-appointed lawyer Pawan Shree Agrawal as amicus curiae and asked him to set up within a week, a web portal, which would contain all details, including grievances of the hassled homebuyers.
Senior advocates Mukul Rohatgi and Ranjit Kumar, who appeared on behalf of the directors, including independent and promoters, said they have filed affidavits in pursuance of earlier direction asking them to give details of their personal properties. Senior advocate Kapil Sibal, appearing for the real estate company, said adequate time should be given to the firm for arranging money or otherwise it may go the Sahara way. The bench has now posted the plea of homebuyers for further hearing on January 10 and directed all the directors to appear again before it on that date.
Homebuyers, including one Chitra Sharma, had moved the apex court saying that around 32,000 people had booked their flats and are now paying installments. The top court had on September 4 stayed insolvency proceedings against the real estate firm at National Company Law Tribunal (NCLT). Flat buyers, under the Insolvency and Bankruptcy Code of 2016, do not fall in the category of secured creditors like banks and hence they can get back their money only if something is left after repaying the secured and operational creditors, Sharma, in her plea, said.
The company is facing insolvency proceedings for not being able to payback more than Rs 2,000 crore to homebuyers. On November 9, the apex court had refused to give Jaiprakash Associates more time to deposit Rs 2,000 crore in parts, saying the group must submit a sizable amount, such as Rs 1,000 crore, to show their bonafide before asking for an extension. The company is developing more than 30,000 flats in Noida, most of which are incomplete. Homebuyers have been protesting against inordinate delays in completion of the projects. The Supreme Court had on Wednesday rejected the Jaypee group’s plea to let it hive off the rights of multi-crore sixlane Yamuna Expressway connecting Greater Noida with Agra in order to raise funds to repay the homebuyers.
The group had approached the court seeking permission to hive off the rights of the expressway and recall the September 11 order in which the court had asked it to deposit Rs 2,000 crore to refund home buyers. However, IDBI Bank had opposed the plea on the ground that the Yamuna Expressway did not belong to the Jaypee Greens the Group and the concession agreement with the government was not transferable. The counsel for Yamuna Expressway Industrial Development Authority had also informed the court that the rights under the concession agreement for the expressway project were non-transferable.

Supreme court is involved in the insolvency case of Jaypee Greens Wish Town project so buyers must have the a positive hope.

jaypee greens

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SBI से भी सस्ता लोन दे रहा है देश का ये बैंक, आज से मिलेगा फायदा

देश का एक छोटा बैंंक अपने ग्राहकों को 16 नवंबर 2017 से 31 दिसंबर 2017 तक आवास कर्ज 8.25 फीसद की ब्याज दर के साथ मुहैया करा रहा है

नई दिल्ली (पीटीआई)। dated 16/11/2017 देश का एक छोटा सरकारी बैंक स्टेट बैंक ऑफ इंडिया (एसबीआई) से भी सस्ता लोन मुहैया करवा रहा है। देना बैंक ने 8.25 फीसद की दर से होम लोन देने की घोषणा की है। होम लोन की यह दर देश के किसी भी बैंक के मुकाबले सबसे कम है।

आपको बता दें कि सार्वजनिक क्षेत्र के प्रमुख बैंक एसबीआई ने नवंबर की शुरुआत में 8.3 फीसद की दर से होम लोन मुहैया करवाने की घोषणा की थी। यह उस वक्त की सबसे न्यूनतम होम लोन दर थी। लेकिन अब इस मामले में देना बैंक ने एसबीआई को भी पछाड़ दिया है। जानकारी के लिए बता दें कि देना बैंक की यह पेशकश रिटेल लोन कार्निवल का हिस्सा है जो आज से शुरू हो रही है और यह इस साल के अंत तक जारी रहेगा। ‘देना रिटेल लोन कार्निवल’ के तहत 16 नवंबर 2017 से 31 दिसंबर 2017 तक आवास कर्ज 8.25 फीसद से लेकर 9.0 फीसद ब्याज पर दिया जाएगा। बैंक ने कहा कि आवास ओर वाहन कर्ज को बढ़ावा देने के लिये ‘कार्निवल’ की शुरूआत की जा रही है।

मिलेगा कितने का कर्ज: इस कार्निवल के तहत 75 लाख रुपये तक का कर्ज 8.25 फीसद तथा कार लोन 9 फीसद सालाना ब्याज पर दिया जाएगा। हालांकि महिलाओं को वाहन के लिये कर्ज 8.9 फीसद ब्याज पर मिलेगा। देना बैंक ने कहा कि वह इस अवधि में कर्ज के लिये कोई प्रोसेसिंग फीस नहीं लेगा। बैंक की ओर से जारी किए गए बयान में कहा गया है कि कोई भी ग्राहक अपनी निकटतम बैंक शाखा में जाकर इस लोन के संबंध में जानकारी हासिल कर सकता है।

अगर आप 20 सालों के लिए 30 लाख तक का होम लोन लेने का इरादा बना रहे हैं तो होम लोन लेने से पहले जरा समझ और जान लें अन्य बैंकों की ओर से भी आपको कौन-कौन से ऑफर्स की पेशकश की जा रही है। जानिए अन्य बैंक कितने फीसद पर मुहैया करा रहे हैं लोन…

लेंडर फ्लोटिंग रेट ईएमआई (रुपये)  प्रोसेसिंग फीस
सेंट्रल बैंक 8.3% 25,656 0.50 फीसद (अधिकतम)
ICICI बैंक 8.35- 8.85% 25,751-26,703 0.50 फीसद
HDFC बैंक 8.35- 9.05% 25,751-27,088 0.50 फीसद या 3000 रुपये
कैनरा बैंक 8.35- 9.05% 25,940-26,320 0.50 फीसद या 1,500 रुपये
इलाहाबाद बैंक 8.5-9.00% 26,035-26,992 1 करोड़ के लोन के लिए 0.40 फीसद
बैंक ऑफ इंडिया 8.55-8.60% 26,130-26,225 0.25 फीसद
एक्सिस बैंक 8.35-8.85% 25751-26,511

(नोट: यह सभी दरें 10 सितंबर, 2017 तक के डेटा पर आधारित है।)

होम लोन लेने के दौरान ध्यान रखें ये बातें:

करें सही होमलोन का चुनाव: होमलोन की बढ़ती मांग को देखते हुए बैंक कई तरह के प्रोडक्ट ग्राहकों के लिए पेश करते हैं। बैंक तैयार प्रॉपर्टी, निर्माणधीन प्रॉपर्टी, सेल्फ कंस्ट्रक्शन, प्लॉट खरीदने, घर की मरम्मत और विस्तार के लिए लोन मुहैया कराते हैं। सभी तरह के लोन के नियम व शर्तें अलग-अलग होती हैं। जानकारी के लिए बता दें कि अगर आप पहली बार होम लोन ले रहे हैं तो पूरी प्रक्रिया व शर्तों को ध्यान से पढ़ ले। इसके अतिरिक्त बैंक मौजूदा प्रॉपर्टी के एवज में भी लोन उपलब्ध कराता है। इसलिए इसकी जानकारी लेना भी याद रखें।

आपके बजट के अनुरूप हो ईएमआई: ईएमआई वह पैसा होता है जो आप प्रत्येक महीने अपने लोन को चुकता करने के लिए अदा करते हैं। विशेषज्ञों का मानना है कि ईएमआई कुल मासिक आय के 40 से 45 फीसद से ज्यादा नहीं होनी चाहिए। वहीं, होम लोन पर प्रीपेमेंट का भी विकल्प होता है। साथ ही इसपर कोई भी प्रीपेमेंट शुल्क नहीं लगता है। यदि आने वाले समय में आपकी आय बढ़ने वाली है तो इस विकल्प के चयन से आप अपनी ईएमआई समय से पहले चुका सकते हैं।

Ready to move in flats in Jaypee Greens … Loans are allowed here on ready to move in flats in Jaypee Wish Town 


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Reasons behind the purchase your own home

Not at all like business property deals which include watchful thought of the cost and rate of profitability, are private homes for the most part purchased for passionate reasons. Making an effective private deal includes understanding this hidden reason and interfacing the deal to it.

Here are five enthusiastic reasons why individuals purchase homes:

1) Peace of psyche: Living in a leased space requires a steady income to pay the lease. This causes a stress for some individuals on the grounds that should something awful occur at work, as startlingly losing their occupation, at that point they may think that it’s hard to pay the lease. Such individuals would like to live in their own home with the goal that they have genuine feelings of serenity on this issue. If you are looking for such type of property you can go for Godrej Evoke villa at Greater noida.

Godrej Evoke Villa

2) Aspiration: Buying a house is an optimistic dream for some individuals. Their status in the public eye is improved when they tell others that they claim a house. They feel pride and sense of pride. Purchasing a house is an essential point of reference in their life.

3) Life Standard: Some individuals have dreams of a way of life that they are at present unfit to accomplish. Possibly they might want to practice consistently, however the possibility of driving through congested activity and chasing for parking spot is preventing them from heading off to the exercise center. A private complex that gives conveniences like shopping center, swimming pool or games zone may be exactly what they requirement for them to effectively carry on with their coveted way of life. Just like you can see these all facilities at Godrej evoke villa.

4) Keeping up with others:  Don’t chuckle. This is an essential explanation behind numerous purchasers! They see their companions and associates purchasing houses and discussing it constantly. They feel deserted; that every other person has proceeded in life with the exception of them. These could be first time house proprietors, or even experienced purchasers searching for a get-away or retirement home.

5) As a speculation: Finally, there are individuals for whom the buy is a venture. They don’t expect to live in the house, yet are getting it to lease or to offer at a benefit later on. These purchasers are most intrigued by the rental esteem and thankfulness capability of the area.

For any type of dealing related to the property commercial, Residential, Renting property you may get help of Real estate Consultant service. As a dealer, in the event that we can comprehend the passionate purpose behind the purchaser, at that point we can interface the property to their basic reason and increment the possibility of an effective deal.

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Jaypee Infra projects will go on: Noida Authority

The Noida Authority said on Saturday that in solvency proceedings against Jaypee Greens, Jaypee Infratech would not come in the way of construction work at its delayed housing projects, including Wish Town, reports Vandana Keelor. The authority’s assurance came as hundreds of angry homebuyers protested, and a section turned violent, breaking barricades and smashing glass panes at the company’s office in Noida.

Jaypee Greens

The announcement was made by Noida CEO Amit Mohan Prasad after a meeting with Jaypee Greens wish town, Jaypee Infratech managing director Manoj Gaur, senior officials from IDBI Bank, which has filed the insolvency plea at the National Company Law Tribunal (NCLT), and the interim resolution professional appointed by NCLT.

Sourced From :- http://timesofindia.indiatimes.com/ Dated :- 13-08-2017 .

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