Sandeep JP Wish Town. Builder going bankrupt. I've a unit in "JP Wish Town- Garden Isles" on Noida Expressway. Paid 50%

Q: Sandeep JP Wish Town. Builder going bankrupt.
I've a unit in "JP Wish Town- Garden Isles" on Noida Expressway. Paid 50% till dt. without any loan. Rest to be paid at possession which seems to be a distant dream. Sued JP @ NCDRC with 400 more flat owners. Before the builder goes bankrupt, does taking a loan against the unit safeguards my interest more as a buyer.

Sandeep Malakar, Apartment Resident

22nd January 2017

Legal in Jaypee Green Garden Isles, Sector-133, Noida

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Noida Sector-133 Jaypee Green Garden Isles Legal Legal in Noida Legal in Sector-133 Legal in Jaypee Green Garden Isles

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Hi, I would like to become a part of the group, who have filed case against Jaypee. Please share details how can we do it? We had booked a flat in Garden Isles in 2012, and till date see no resolution or delivery of the project.

Silky, Apartment Resident

19th May 2017

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What is the current status of this project? In May 2016, NCDRC has released a order with a penalty of 12% per annum to Jaypee buyers and if they get delay, further they have to pay penalty of Rs.5000/day per flat if it can not offer possession by 21st July'2016.

Prasad, Noida

25th January 2017

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Neither they are ready to pay the compensation nor construction work has started. They will go through the order and will challenge it in a supreme court.

Saras, Noida

25th January 2017

Hi Sandeep,
Do you think that you know about the JP Group, banks doesn't know. Banks have more information than you. The total debt of Jaypee Group companies is estimated to be around Rs.75000 crore as on March 31, 2015. So, your bank loan will not be approved for your unit.

Saras, Noida

25th January 2017

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