Q: Hello, I just want to know the progress for JAYPEE Kosmos tower 2 & also wants to know the expected possession date for the same. I am confused whether Jaypee's project is a good choice or I had make mistake. I don't understand why they are delaying the project.
i am one buyer of jaypee kosmos, got loan sanctioned form Bank of baroda. now bank has charged 2% penalty on asking the reason they replied that since due period of time is over and flat is still not in my possession. could anyone pl tell me what should i do now???
I was told by the customer care executive that they will start possession activity from March'15! As per my allotment letter, I am supposed to receive possession letter by Dec'13...that is past now. I am just wondering will they give any penalty i.e. Rs. 5/-per sq ft? Someone told me it is 3 months grace period and other person told me it is 6 months grace period for builder in case of delay. I really don't know which is correct. Recently I heard there was a protest demonstration by Kosmos flat owners in Jaypee office and then the officials told them that they will finish the project by end of this year. Do you have any knowledge about this? S.Das Kosmos flat owner
Like any other builder, jaypee is not different. Project was due on Dec'12, and now possession date is something around June'15, so 2.5 yrs late, and that even not sure if they deliver it by May'15. Not to say about customer care executive, you keep dialing there number ,and if you are LUCKY some one will pick up or just in vain. JAYPEE management is simply a liar and fraud.
The construction are at super high pace now, hence you do not need to worry about the project is good or not. Just wait for the possession , moreover you will get double appreciation at the time of possession.
hi, Amit. i had a word with the sales executive, according to them plaster of paris is going on for Tower number 74. They are ready to give possession by October 2014.
Amit, the project is a good project as it is located in one of the posh areas of Noida. secondly its a Japyee project do not wory about investment. True the project is doing delay.. but almost all the project are doing delay in the possession. If you have already invested in the project i would say go ahead with it.