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 :- Dated :- 13-08-2017 .

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RBI reduces policy rate. Will your loan rates also go down?

MUMBAI, Aug. 3 — As expected on August 2, in the third bi-monthly monetary policy statement, the Reserve Bank of India cut the policy rate by 25 basis points (bps) from 6.25% to 6%. One basis point is one-hundredth of a percentage point. A look at what the policy announcement means for your money and what you should do.


The RBI seems to be unhappy with the current benchmark lending rate-marginal cost of funds-based lending rate (MCLR). During the policy announcement, RBI deputy governor Viral Acharya said, “The experience with the MCLR system introduced in April 2016 for improving monetary transmission has not been entirely satisfactory even though it has been an advance over the earlier base rate system.”

The central bank is all set to review this.

This is not the first time that the RBI is considering a review. All floating rate loans taken after April 2016 are linked to MCLR. Prior to MCLR, floating rate loans were linked to the base rate and before that to benchmark prime lending rate. There is a possibility that borrowers will soon see a new benchmark lending rate that will replace MCLR. However, this won’t happen immediately.

But what does a 25 bps cut mean for your existing floating rate loans on MCLR? “From a broader perspective, this 25 bps cut has already been priced in. Because if you look at the way banks have moved their deposit and lending rates, banks in a way have priced in this drop. There may be a marginal movement but I won’t expect any major movement,” said Shanti Ekambaram, president-consumer banking, Kotak Mahindra Bank Ltd. Analysts say that banks are likely to cut lending rates linked to MCLR further. If you are looking to take a home loan, compare rates in the market and also factor in other charges linked to the loans.

Meanwhile, banks have been cutting deposit rates. Recently, SBI cut savings account deposit rate to 3.50% per annum. Banks including ICICI Bank Ltd and Lakshmi Vilas Bank have cut fixed deposit rates.

“Banks have been dropping deposit rates, if you see in the last few months. Liquidity and demand supply will be the major factors that will come into play,” said Ekambaram. You can expect further cuts in fixed deposit rates.


Mutual funds as well as debt funds have been factoring in this rate cut too. People investing now would do well to focus on shortterm funds, according to Lakshmi Iyer, chief investment officer – debt, and head of products, Kotak Mahindra Asset Management Co. Ltd. But don’t expect high returns from liquid funds. “Expecting high returns from duration funds from here on may not be a good idea. Steady returns from income-accrual funds is the way to go,” said Vidya Bala, head of mutual fund research,

For any query with respect to this article or any other content requirement, please contact Editor at


Source : MSN dated 3rd August 2017

Suggested projects: Jaypee Greens Noida project at Wish Town which is an integrated township with spread area approx 1162 acres of land where approx 6000 apartments are ready to move in. So here ready to move in apartments can be purchased by getting home loan from leading bank, public or private.


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RERA will raise confidence in sector, investments will flow

RERA will raise confidence in sector, investments will flow
RERA is the single biggest reform that will infuse the much needed trust in the real estate sector and bolster the longer term potential on real estate investments.
With the Real Estate (Regulation and Development) Act coming into force across the country from May 1, delays in project deliveries will come down sharply as developers rush to complete previously launched projects.In addition, with the act setting in motion the creation of a Real Estate Regulatory Authority (RERA) in each state by July 31, homebuyers and investors will now have greater confidence in making investments in property, which will improve the overall housing demand in the Delhi NCR markets, especially in the Noida and Gurgaon regions.

Though the act has come into effect from May 1, most states have not been able to implement it immediately and are even now notifying the rules and identifying an authority to act as a regulator in the interim. Realty projects that have not received completion certificates must apply for registration under RERA by July 31.

The act will bring nearly 83,000 registered builders in India under its purview and ensure that the interests of homebuyers are protected.

Developers and promoters say that better regulation and accountability will spur investments from foreign and domestic financial institutions. RERA’s focus on mandating disclosure of projects, including details of the promoter, project, land status, clearances, approvals, etc, and the timely delivery of projects will help increase the credibility of developers as well.

Both homebuyers and developers will be penalized for delays in payment and completion of projects respectively. Further, the act mandates the developers to deposit 70% of the project cost in a separate bank account to cover project development activity alone.

This measure will be substantial in ensuring timely completion of projects and act as a safeguard in the event of any delay, as it would limit diversion of funds for other projects by developers.

Jaxay Shah, president of Credai National, says: “The present RERA requirements fulfil all the niggling issues that had bogged down the sector earlier.Though the compliance burden is heavy, the act has provided the right impetus on ensuring that all due diligence, which all consumers may require, are fulfilled. This will go a long way in restoring consumer faith in the real estate sector.“ Manoj Gaur, vice-president of Credai, National, and MD of Gaursons Group, says: ith the implementation of “W this act, now all approvals will have to be in place and the agreement signed with buyers includes the interest and the penalty clauses laid down in RERA. Also, the statute now demands that the builder should mention carpet area also specify common areas and the parking areas separately. At the CREDAI level too, the apex body of developers is holding training sessions for developers to educate them on the changes expected in the new business environment.

Prashant Solomon, MD, Chintels Group, said, “With RERA the interest of buyers is going to be protected and expected to reinstate the faith of end users in the market as the fence sitters may begin to consider their options to buy while developers will focus towards being more transparent.“

R K Arora, CMD of Supertech, said: “The provisions under which RERA will function have been framed in a manner to regulate non serious players and create a level playing field for everyone. With the implementation of the act the interest of the end buyers will be safeguarded and it is expected that the fence sitters may begin to consider their options to buy while developers will persuade to exhibit their full cooperation.“

Rakesh Yadav, chairman of Antriksh India, says: “This act is aimed at protecting the interests of consumers, and also seeks to promote fair play in real estate transactions and ensuring timely execution of projects. With this act in place, every state will now have a regulator who will be continuously supervising and monitoring.Moreover, the projects will now be completed on time and developers will have to submit all the layouts, plans and documents with the regulator who will ensure transparency and hence, customers will feel more secure while transacting.“

Avneesh Sood, director of Eros Group, said: “With RERA implementation we are sure to find it encouraging towards building a better image for the realty sector.With the government concerned and showing direct intentions towards the sector, RERA will enhance the sentiments in the sector paving way for growth.Possessions are the hot cakes in the sector today and history of a developer in the near future would be judged on the possessions they have offered.“

Pradeep Aggarwal, chairman of Signature Global, said: “With RERA on board and implemented in full force, each state will have a regulator in place to safeguard the interests of the buyers and promote fair dealings in the sector. The hous ing demand in particular, will catch up momentum which will allow better performance of the sector. But, apart from everything else, the one thing that will infuse buyer sentiments in the sector will be of timely deliveries.“

Deepak Kapoor, president of Credai, Western UP, and director of Gulshan Homz, says: “The buyers of property market in particular had waited long for RERA becoming a reality which guarantees safeguarding of their rights and interests. The amendments are fair and developers have already started working on the lines because these will now pave way for a better demand and supply in the sector.“

Ashwani Prakash, executive director of Paramount Group, said: “The regulatory act has been able to arrest the uncertainty in the real estate sector, vis-a-vis the investors and end users. The mere passage of the bill had given a lot of clarity and made real estate dealings more transparent there by bringing the confidence in the investors and the end users. Once this confidence sets in completely with its proper implementation, the market is bound to grow at a steady pace.“

Gaurav Gupta, general secretary of Credai, Raj Nagar Extension, said: “We hope that it will infuse 300% more confidence in the buyers to buy their dream home. Once the Act becomes fully functional in each state, the teething problems will sure be addressed by the government in a practical manner as the intentions of the government is very clear towards protecting the interests of the buyers rather than to strangulate the sector. “ Dhiraj Jain, director of Mahagun Group, said: “RERA’s prime motive is to curb the irregularities persisting in the real estate sector and protect buyers’ interest. There are strict guidelines in the act against developers who are unable to deliver on time. But we cannot deny the fact that developers today are under severe pain of not getting the obligatory clearances and approvals on time; and if this continues then they’ll be axed for no reason. Thus, the government must ensure the passage of single window clearance, so as to allow the sector to work in a much systematic and organised manner, with full support for RERA as well.“

Source: TOI Property section Dated : 6th May 2017

Ready to move in apartments are also available in Jaypee Greens Wish Town , close to Noida Greater Noida Expressway.


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