Jaypee kassia

Q: Finally in a quick time period, we successfully filed the joint law suit against the Jaypee for not giving possession in time. We prayed to court to direct jaypee to returned back our heard earned money with delayed penalty and interest in the amount paid. Thx Chakit singhal 9818613613

Chakit Singhal , Delhi

27th December 2016

Residential Project Review in Noida

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Hi All, I purchased unit in kassia in 2013. I missed this forum somehow. Could you please let me know what is the status of the case you people filed. What is status of Jaypee right now? Are they in verge of bankruptcy? Thanks, Ashish

Ashish Khandelwal,

11th June 2017

Comment

Jaypee Kassia project people interested in filing litigation may contact me...you also can be the part of already filed case by 23 people and fight againt jaypee...9818613613 chakit singhal

Chakit Singhal , Delhi

28th December 2016

Comment

That emi option is nothing but a trap to avoid litigation...as in the garb of 50% emi refund they are getting sign the letter by wich one will not able to file case against them till 2019...further if we calculate they paying only 35-40% of emi not 50%...

Chakit Singhal , Delhi

27th December 2016

Comment

Hi all,
I have a unit in Kassia (KS2) and met with customer care executive in their JP wish town office. I went in to check on refund options and was offered a 50% EMI offer to be paid by builder on monthly basis. And this amount being paid now will be settled at time of offer. Can you please clarify the refund option they gave you, I did not understand it?

Suneet Shetty, Noida

27th December 2016

Comment

Yes, and on 22nd May'2016, around 150 homebuyers of Jaypee Greens Sports City "The Kove" protested against the builder at the site of the project in Sector 128. The buyers got agitated when the staff of Jaypee Group allegedly pushed them when they tried to enter the realtor’s office to enquire the status of the project. The homebuyers left only when the builder promised that the work on the project will restart in July, 2016.

Dwarkesh,

27th December 2016

Comment

Almost all of their project got stuck due to money crisis. even Competition Commission has ordered probe against Jaiprakash Associates through majority orders in two separate cases involving real estate projects in the national capital region for alleged abuse of dominant market position and imposition of “unfair” conditions on buyers.
In both the cases, two members of the Competition Commission of India (CCI) have given their dissent notes while opining that the company did not held a dominant position in the relevant market and “no case is made out” against it.

visaltanwar, Delhi

27th December 2016

Comment

@Visaltanwar,
Builder is under severe financial crunch due to over-trading and diversion of funds. Total borrowed funds by builder, approx. Rs. 70000 crores. Yearly interest pay-out approx. Rs. 9000 crores. Builder selling hard core assets to pay banks as interest to avoid NPA status. Yesterday, share of JP Associates has fallen to Rs.7.25.

Saras, Noida

27th December 2016

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