'I Don't Know if I'll Get Our Home at Jaypee Wish Town, Noida in This Lifetime' | The Quint
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- čas přidán 1. 03. 2024
- For the homebuyers who booked flats at Jaypee Greens Wish Town in Noida, Sector 128, their dreams of having their own home have turned into a nightmare as delays in possession and litigation have taken over a decade. In 2017, insolvency proceedings were initiated against the builder, Jaiprakash Infratech Limited (JIL), when it failed to deliver the flats on time and defaulted on loans. With that, the hard-earned money of over 17,000 homebuyers across 19 JIL projects got stuck in the vicious cycle of litigation.
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This is lesson for all never buy under construction flat. Real Estate is cyclical now days flats are selling for 4/5 crores in hours specially in Gurgaon.
True bro, I suffered twice and my money is still stuck, later bought a ready to move in apartment.
Tell that to sango guru ji
@@seikhnurulhassan6057in some areas, ready to move flats are not even available. In kolkata where I recently bought a flat, the flats are sold when making RCC construction, we searched for almost one month but no ready to move flats are available. Luckily the fact is our builder is honest and we took all legal help from lawyers before buying it.
@@princemehta1443 lol
Buy from reputed constructions
Hi Quint news. Please cover news of AVJ Heights in Greater Noida. There are same flats which have been sold multiple times (dual, triple sale) to 4-5 people by the builder. So builder sold the same flat to 1 buyer, then 2nd buyer, then 3rd buyer and all of them got loans for the same flat by different banks and builder ran away with money. Now who is the true owner when all of then feel cheated with no registration.
There us no possession of flat , no registry done and on top of that UP Government hasn't done much to help. There are 1200 + buyers and multiple other parties who gave lost their whole life savings because of this.
Multiple suicides have happened and murders have happened in this society but no media wants to cover this.
Please help and raise this issue.
Please WhatsApp us at +91 99990 08335 or mail us at myreport@thequint.com
Lesson for Indian middle class Never buy any dream by anyone
😂😂😂😂😂
Samaj me nahi aya
India is the only real estate market where you have to pay almost in full in so much advance .
Why pay in advance?
@@WR-NC-ASPL People pay in advance for early bird Advantage. I purchased 2 Flats for 25, 30 Lac in 2020, they are worth 60+ Lacs each today projected to go up to 1 CR in next 3-4 years. Rentals of 16-18k today and projected to go up to 30-32k in next 3-4 years.
@@deepakthirdreich .. I bought vacant land in 1997 for 10 lakh. Today it is worth 260 lakh.. But, if lot of new apartments are constructed and there is an oversupply of apartments, the price may decrease.. Example.. Present day Hyderabad..
@@deepakthirdreich .. Concerns are being raised over the viability and sustainability of the real estate in Hyderabad, as many experts feel the market may start collapsing by early 2024… According to Anarock Property Consultants - among the country’s leading property brokers - builders in Hyderabad are sitting on UNSOLD INVENTORY of 1,28,535 units as of 30th September 2023 - the HIGHEST for any city in India.. In just 3 months of June to September alone, while 8152 new units were launched, only 6735 units were sold, clearly indicating the over-saturation / over-supply in the market - and this will only make it harder to resell property in the next few years!..
@@deepakthirdreich ... And so a combination of both SKY-HIGH PRICES (Hyderabad is now the 2nd most expensive market in India after Mumbai) and OVER-SUPPLY of over 1,20,000+ unsold apartments (almost 5 times more than that of Bangalore, Pune, etc) has blown the fuse on Hyderabad real estate’s golden rush since 2017..
I booked in 2010...Jaypee Kasa Isle....
This has made me suffer a lot , many sacrifices have been made as they have failed to deliver my house till date..
So sad to listen to this. Same is the case with Amrapali. The truth is nobody will get anything unfortunately.
So sorry to hear that
If you are planning to exit, let me know. I've been planning to buy some of Jaypee Wishtown flats. Let me know ❤
@@aK00742 why do want to do that.
In Noida you will see countless projects that has been abandoned uncomplete by builders. Its a really pathetic situation.
God help them!! So much pain they are still going through waiting for their flats in Jaypee WishTown.
Request all homebuyers stuck with Jaypee to share this maximum.
I have booked in Raheja Krishna Affordable Housing project in Sohna Haryana in 2015. Builder took 85% of money and never delivered any thing. Tower not even started….
Thanks for raising this issues by publishing this video.
Jaypee has done a big injustice with us and negligence by the government not helping us either.
Aur koi raise karega bhi nahi. 😂 Jis media ko right wing yaa bjp wale galiya dete hai, wahi media unke bhi mudde uthati hai. Agar inko quint jaisi news organisations yaa independent journalists jaise Ravish aur Abhisar ko galiya dene ka itna hi shaukh hai toh inko koi dikkat ho toh ek baar godi media se request kar ke dekh lena chahiye. Phir dekhte hai ki godi media Andhbhakto ke mudde uthati hai yaa nahi. 😂 Inko turant reality check mil jayega ki aakhir toh jinko yeh gaaliya dete hai, wahi log unke mudde uthayege. 😂
We should be surprised why NCLAT is not taking up to the hearing on a daily basis.
UP cabinet has to prioritise this approval
India is a land of injustice. From common nooks & crannies to high rise buildings you'll find enormous amount of injustices and victims are helpless.
Exactly ! It's like everyone is trying to con you and there is no backing and support.
INDIA is becoming a lawless land. It's a big shame that the government is unable to withhold the interest of the public. Builders are committing frauds from one city to another yet there is no hold on them.
I feel so pity for those who have been suffering since a decade. DAMN, the sacrifices they might have made to own a flat.
There is no justice here, especially in UP.
Gov busy in doing hindu muslim nd puchasing mlas with electoral bond money. Y will gov care wen dey demseleves doing scam. Unko bhi paisa pahuch jata hoga builder se
My grandmother booked 2 flats in 2012 its been 12 years my grandmother passed away and we have still not got our flats
So sorry to hear about that Rohan.
If you are planning to exit, let me know. I've been planning to buy some of Jaypee Wishtown flats. Let me know ❤
My family is facing a similar issue, we had invested in Kensington Park Heights back in 2010, its been 14 years and they continue to scam the people. So many things have happened ever since, RERA has been formed and many others things, but the issue prevails.
So much wealth inequality in our country...people are living hand to mouth.. all wealth is in the hands of top 1%
In order to create/build wealth, needs lots of dedication, focus, hard work, and risk-taking ability. That's why only top one percent are able to achieve that. Rest 99% end up working for them. This has happened for thousands of years and will continue to happen for the next thousands of years. Even though you and I will exist only for next few years.
these people would be in the top 1-5%,being able to think about buying property in noida.
@@jaggurout6893 More like 0. 1 percent😂😂😂
I play guitar and sing, why I don’t I make as much as money as U2 or Metallica?!
So much wealth inequality in the world.😢
this is how the world works. nothing unique about India.
Supertech Upcountry (Yamuna Expressway) buyers are also going through the same pain... Nothing from NCDRC or NCLT. No relief from anywhere. It's been 12 (or more) years.
I cannot even imagine the amount of hardship the home buyers are going through. I really hope they get justice soon.
All home buyers please share and request UP GOVT to take note and take appropriate action on defaulted and help buyers
Not sure why they are paying EMI's, should have stopped it post 2014 as its banks headache to auction it and they could have invested their efforts in something else.
because banks will come and threaten you if you do not pay.
If somehow they get possession in future, it will get auctioned at a throw-away price of bank EMIs are defaulted. You can do that only if you are 100% sure flats will not get completed.
@@k0u0s0h0a0g0r0a0.. but, they or their relatives can also take part in that same auction and buy their flat at throw away prices..
You don’t give up on your dreams and hope that easily.
@@Mirzadon007 1😆😆😆😆
Need justice at the earliest, can’t wait anymore. Authorities pls wake up.
Alas I had given my PF money but since last 1 decades I have been running a pillar to Post...all money sunk..now struggling in legal case
it should be a rule that only finished houses can be sold.
Koi bhi government kuch nhi krti sb mile hote hai .
Na MP aur MLA koi bhi kuch nhi krega...
in amrapali case govt has done a good job
Its always the best to buy ready possession flat with no risk but still justice need to be served to them
sorry to say but nothing is going to happen in UP --> we are just ignored by everyone and no action is taken on these people
my father has purchased a land in integrated project by shree raj infra- "gomti estate phase 3" - lucknow in 2014 , paid full money even have registration paper of land but still we have not yet got possession of land.
Even now they are selling land don't know how 😢
The project owner --> Rakesh pandey is a politician earlier BSP party --> now BJP party he is enjoying lavish lifestyle and still more than 200+ people are waiting for possession .
This is sooo disturbing....
One put all their savings to own their home...and this is what they got!!!
Extremely sad.😢
Under-construction properties are only for property investors, who are willing to take some risk for huge gains. Otherwise, it is better to buy a smaller flat instead of buying the one under construction.
Lesson - Don't buy home until they are completed
Read an article in 2013 in ET. Real estate is a sector where name means nothing. Buy ready to occupy flats instead
I have invested in June 2010 for a flat in Kasa Isles by paying 95% and still it seems a distance dream to get the flat
I am another sufferer - booked in 2011 and do not know when we will get our flat. The builders, banks, govt institutions, courts have all let us down.
Very sad to hear testimonials of a common man in India . The government should punish the criminals and set an example if they don’t finish the construction in few months ! The builders are becoming the next mafia under the name of the law !
How can you expect the government to punish the builder when it (or the concerned political party) is a party to the builder's wrongdoing.
Biggest betrayal for home buyers, I have also booked in 2010, paid 95%.
Same happened with us in ghaziabad, we have bought a flat in SARE homes, it was just also stucked and now our money is also lost.
very stressful and distressing situation
I'm really greatful to god that i booked flat in gaurcity greater nodia and they handed over the possesion on time
Patel neo town is also a notorious builder in noida techzone 4. Many buyers booked the flats in 2010 and still only a few towers have been built.
Please WhatsApp us at +91 99990 08335 or mail us at myreport@thequint.com
Safer that buy any flat only after the registered. It's a little higher cost but fixed.
Same had been for Shristi Apartment Lucknow a project under LDA which also took 9-10 for buyers to get possession
Japyee lives on prthviraj road delhi !!! Protest outside their house !!!!
Duniya mein kitna gum hai , mera gum kitna kam hai.
Fevicol bhi hai
Nice !
Lotus Arena Sec-79, even after NCLAT has ordered to construct flats using Purvanchal builder still no construction has started because Noida authority is not allowing. Govt itself is impeding justice. Why should poor home buyers who paid every installment on time suffer? Why should we go from court to court, years on end just to get our houses constructed? What is our mistake? Investing in a flat in Noida is a nightmare and life time punishment. I wish somebody guided us about this. We have been fleeced of our hard earned money. There is no hope for justice.
I booked it for Kresent home tower 5. paid 75perscent immediately i'm retired n have stuck all my savings in the project
After retirement, you should have moved to a smaller city and built your own house it also cheaper, and you own land and building.
So sorry to hear that Vandana Ji
If you are planning to exit, let me know. I've been planning to buy some of Jaypee Wishtown flats. Let me know ❤
How did the bank release money when the project is not completed ?
Thanks for mentioning this story
We booked in unitech . Never got home . Money stuck in the project for last 12 yrs
How helpless we feel as a citizen of India. Really disappointed to see this. Getting justice in India is tough. No politicians are talking about it. To get justice in court it takes decades.
I am also booked 2013 December . KM 72B .
Thanks for raising the issue on behalf of all home buyer's
I too had booked in 2011 aug , was to be delivered in 2013 August. Paid in full by 2013.
Can't they file a class action lawsuit?
I pray all those stuck in such situations should get their houses soon.
If going for under construction, only buy properties from well reputed builders like DLF, Emaar etc.
Rest are all ram bharose.
It's painful to see this. I hope these folks get something.
It is brutal crime. Shameless law and order.
Common people suffering is no less than hell.
Shapoorji Shukhobrishti Housing Society....20000.... flats supposed to be handed over in 3 years stuck since last 8 years now....
Two of my worst investments have been with Jaypee. One in wish town and other in Sports. Both down the drain, and no recourse. What are the courts doing, seemingly being mismanaged by the banks and Jaypee?
Don’t know when the homebuyers will get their home which were booked 12 to 14 years ago and have paid 90% to 95% more than 10 years ago.
Many home buyers are Paying EMI and rent.
Very very sad situation for home buyers of JP Wishtown NOIDA.
We were also about to invest in this project. Thank God we were saved.
This is really frustrating having bought the plot for a nice living after retirement but waiting for even basic development forget about boulevard or rosy picture painted at the time of selling
True and sad story of many Home buyers...no relief from government yet we all are hopeful and dreaming for that one day when miracle will happen and government will act accordingly
It is indeed frustrating. I have been waiting endlessly for development of the Country Homes plot areas sold by Jaypee as a dream, close to Sports City Formula Track.
Now there seem to be no dream, no sports, and only deers running around in the bushes.
From a Builder I heard, he have to give shares to MP,MLA,Local Municipals,Govt.Officials,State revenue,Bank officials, & finally Judges. Sabke sab hote hai isme....Sivay ke apka kuchh ni hota..ekbar paisa diya vo gaya...Nayak nahi dekha kya?😂
It.is.a.shame...no one is looking into such issue affecting lives of thousands of families...Those in power should resolve ..
We bought a house in Supertech Upcountry in May 2013 and paid close to 80-85% till Feb 2017. 6 years passed by since 2017 and our tower's outer structure construction has not been completed. 11 years since we purchased this house. Still waiting. We took bank loan.
Govt should take some action !
I have booked in 2010 still waiting for amount return back or posession
If your money is stuck for 15 years in a under construction flat then it's not worth investing money in any reality project. People have invested thier hard earned money and still dreaming for thier home
So sad.
Same thing for Yeida BHS02 flats, allotted in 2013, but construction and development of thr area is not done
Please WhatsApp us at +91 99990 08335 or mail us at myreport@thequint.com
The government of india should look into this immediately😢
rather pay premium and buy ready to move in .. (or smaller home)
Really unfortunate we are waiting for over 12 , 15 years for our flat and i am still paying rent as the entire savings is blocked with Jaypee and my father is now 70 plus and we lost our mom but our dream to shift in to our flat is still a dream .
That is why a free and fair media is a necessity!
you think you paid the money to builder. but in reality, a good amount is being paid to political parties through bonds. and there is lot more going with Noida and greater Noida authority. i can confirm this as i was a part of this back in 2013-16
Sentiments are very well echoed....but all *genuine homebuyers* only need *effective implementation* of the resolution plan. Isn't ?
I wonder why no mention about the *effective implementation* of the approved resolution plan of suraksha.
Sad state of affairs
I hv booked in 2012 n after 12 Yrs of booking still waiting for my Home....IBC which everyone in Govt circle projecting as big success , failed to solve this matter for last 6-7 Yrs... May need UP n Central Govt special intervention now...
So sorry to hear that Pratik
If you are planning to exit, let me know. I've been planning to buy some of Jaypee Wishtown flats. Let me know ❤
Sadly Govt also not supporting common man who have invested their day night hard earned money. Request govt to pls help.
That is why it is always better to buy ready to move flat
*Only buy ready to move properties.*
My best to these home buyers.. feels very painful to watch😢
What's RERA doing? Sleeping? The government must step in as they did by asking nbcc to complete some incomplete projects in noida, I guess.
This project is outside the ambit of RERA
@@roopasharma238 I see. Be that as it may, a governmental intervention is necessary especially when such a lot of buyers have sunk their money in these unfinished projects.
@@amitbrahmo What you are saying is the ideal scenario - but the bitter reality is that the governments' priorities are elsewhere. We have been witnessing / suffering first hand the lack of inaction by the state and central govts.
@@roopasharma238 I completely agree. We were luckier that we went for an almost ready to move in house in Noida extension. These unscrupulous builders sell pipe dreams to middle class buyers who are easily duped with the prospects of a high class living.
@@amitbrahmo Very happy for you!
Similar issue with Shubhkamna buildtech project in sector 137. It’s been 13 years still things are pending in nclt and nclat. The builder is enjoying stay in jail and has no remorse. All money has been siphoned and no report on financial audit has been shared to make recovery from them.
It’s a request from this channel if they can find a way where all those people who didn’t got the possession in Delhi NCR, can get all together and do protest? We need a strict law for this
People need to set an example out of such builder.
UP is the only state that's working in India if you ask the central govt. They should rescue so many buyers who have been duped.
why construction not in progress ?
Land issue ?
Builder defaulted ?
Customer went to court?
33 fllors permission denied?
what is that stopping construction for decades.
Is it RERA approved project?
India's judicial system is broken,
All laws favor the builder.
Wish Town ya विष टाउन
Have paid 90% in 2012
I deplore the slow legal process adopted which is moving at snail’s pace. Government shall immediately stall such process and ensure rapid construction utilising Money collected thru us via taxation (rather than giving freebies & subsidies) and also taking over the assets of JAL & JIL .
Noida is indeed dangerously looted fooled by these builder so bad
Welcome to India
Very sad reality ….. rule should come for the apartments there should be no selling before completion 😢
rera should stop builders selling under construction projects
Similar with supertech
I remeber the day, i went to buy apartment here, i took booking amount with me , which was around 12 lacs way back in 2012, just before booking agent said rate increased 200 inr per sqf, and all of sudden this property went out of my budget. THANKS TO GOD, WHO SAVED ME.
This is the reason along few more I always prefer buying resale. Under contraction property is a pain, simple thing like main entrance from change from main road to a Gali by things wrap up. Ready to move or beat is resale tried and tested
76 lakhs thats alot you could have book a plot in gated society
Construction quality in flats is not up to mark
Rera is a joke now, always buy home after it has finished, you might not get corner flats but it’s riskfree
Please cover story of PDM Hi-Tech Homes Bahadurgarh as well!