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Tag: Jaypee

​600 homebuyers join hands, bid for completing a part of Jaypee project

​600 homebuyers join hands, bid for completing a part of Jaypee project

Finance
NEW DELHI: Among the 20-odd bidders for insolvency-hit Jaypee Infratech’s housing, hospital and road projects, including some top names from India Inc, there is an entity with no experience of construction and probably no documents to show its net worth -- a group of flat buyers from Kasa Isles who are pitching to take over some of the apartment blocks and construct it themselves. Over 600 buyers from the 16 towers of the project in Noida’s Sector 129 have come together under the umbrella of Kasa Isles Welfare Association and submitted their proposal to the resolution professional appointed by the National Company Law Tribunal. Now, they have approached the insolvency resolution professional with a formal offer. Aman Behal, a core committee member, said the association will need around
What life's like inside Jaypee wish town

What life's like inside Jaypee wish town

Finance
NOIDA: Of the 32,000 flats being built, 6,500 have been handed over and people have moved in. But most are complaining of inadequate infrastructure and are now not sure when things will fall into place. Most have not got their flats, and are at their wits' end with their money stuck. But life is anything but easy for those who got possession at Jaypee's sprawling Wish Town complex on the Noida-Greater Noida Expressway and moved in. Of the 32,000 flats planned, Jaypee handed over some 6,500 apartments and the others are in different stages of completion. Many of the 6,500 who got possession have either moved in or rented their flat out. And those who are now living here are a very worried lot: what happens now? Who takes care of the maintenance? Will the lifts function? Will people ever...