Q: I have a flat in KM 43 tower, 2 BHK. I am staying in Bangalore, do not know when possession will be given. Please inform if any information available.
Hi friends!! I visited the site on 7th Oct 16. Also spoke to a contractor at the KM-14 block (I own a house in KM-11). The work has actually started although at a slower pace and in selected towers only but as cash crunch still exists. The contractors also have been paid after a span of about 6 to 7 months. Good news for owners of towers which are nearing completion, but a still long wait for KM towers in the rear side (i think from 48 to 80).
Even i have visited the site before Holi and there is no work happening on the back side (towers 60-80). They are telling everyone that they will deliver them in Feb 2017. Spoke to a contractor there (KB Builders who seem to be the only one still working for Jaypee) and even he said if Jaypee is telling 1 year then add another year to that and by that time only you can expect possession. Not sure if Jaypee would still be around that time.
Hi Ajay, This is a caution to all people who are even thinking to buy any property even remotely related to Jaypee Group. I bought a flat in Jaypee sports city.The project was kove. It has been almost five years and the company has not even constructed 5% of the project. You will die calling them but they will not answer your call. They never reply to your mails or letters. It was definitely one of the most trusted brands at one time but today i will not recommend to anyone.
I am agree with Anup.... Don't book any flat or property with Jaypee, they are not commited to complete the project on time and asking instalment despite of closer of construction work. And also threat to cancel the booking and forfit the entire deposit amount. Really, i had a very poor experience with them.