Price, Location or Amenities – Every housing project is no doubt a dream of many. While every potential buyer looks for best property spaces always, it cannot be denied that the builders’ looks to make profit on their own terms. What is promised on the paper may not become the reality when the building takes shape courtesy the whims and fancies of the builders.
At the end it is YOU – the potential customer, buyer or the investor with whom the real fears, concerns and complaints lies.
For information on Jaypee Greens Klassic Heights, click on the link given below:
https://thetalkingbrick.wordpress.com/2012/08/22/jaypee-greens-klassic-heights-sector-134-noida/
For info on The Orchards or The Kristal Court:
https://thetalkingbrick.wordpress.com/2012/09/11/289/
For info on related projects to Jaypee Greens in Noida:
https://thetalkingbrick.wordpress.com/2012/09/13/361/
So, here are listed the complaints/issues/fears faced by the investors who have invested in any of the Jaypee Greens projects. The Talking Brick collected this info from various online resources to assist you in making the firm decision.
1. Concern against the trustworthiness of Jaypee
| Originally Posted by djvjainAll this is very well known about Jaypee as it is one of the most corrupt business houses of India. Wonder why they never had any project in Gurgaon – I guess couldn’t find enough people to bribe? Also, wonder why they have these plants, factories, industries in the middle of nowhere because they pay for nothing after bribes.I consider Jaypee to be worse than a small scale builder. They will continue this extortion for ages as long as there are enough suckers around. Consumer court cases etc doesn’t bother them much as defending in court is much cheaper than delivering. They will just sit on your money and get 15% return and use the same money to fight your legal case against them.Re-sale prices of Jaypee properties are down and infact less than what they were sold for, but people never cared to see a reason why? There is no brand value or quality with Jaypee, but just a crooked value.
Jaypee is for Noida what BPTP is for NeharPar. Atleast, latter started delivering some of the projects after being late by 3-4 years, but in case of Jaypee delay would be 6+ years or may be more. |
2. Careless attitude of Jaypee dispatch team
| Originally Posted by Jeet2011 I have a small complaint in front of the point Manoj has raised.Jaypee has raised an interest fee because of late payment but the fact is that they didn’t even deliver the demand note to me. But it was i who went and checked with their dispatch team that why haven’t i received demand note yet.By the time i collected the letter by hand the last payment date had passed.Now i have written several mails to them but to no avail. I have asked them a simple question, if you dont intimidate me about the payment schedule in this modern age via mail / sms / phone callhow do you expect me to assume that a demand has been raised without even delivering a demand note.Hope someone in JAYPEE KRESCENT HOME reads this and looks into my case. Because till now all my letters have fallen to deaf ears so now i will put it on forums till they take notice. |
send them a legal notice from an attorney. Just like cell phone companies used to send to its customer who did not pay the bill.
Its not a court notice on summon, Its just a way of notifying/asking your question legally.
They will reply to it.
3. Choosing and Abandoning Jaypee
I was very interested in JPWT after having narrowed it down from several projects after months of reading through IREF and site visit to JPWT and several discussions with broker
My reasons for choosing JPWT were
—solid reputation of builder
— very good location of project
— whole town will be maintained bY builder only so roads/institutions/malls/hospital/school/college going to come up and would be well maintained
— snob value of Jaypee name
— very competitive/good going rates presently of most projects (in the MIG range flats)
BUT………….!!!!!
I HAVE NOW ABANDONED THIS PROJECT …….
Reasons—-
The projects are sooooo severely delayed that for ordinary people like us who dream of one dream home in one lifetime waiting 5 or more years after starting to invest is a STUPID idea . Specially with so many good projects also on offer all over NCR.
ALl Jaypee projects are delayed WITHOUT EXCEPTION, they have not delivered a SINGLE project in Wishtown till date !!!! it is only going to be liveable by Minimum 5to 7 YEARS !,by that time you can be happily sleeping in your home in many other projects .
What gets my goat is that every few months they announce a new project/township/ golf course etc etc despite bothering to complete older projects first. Jaypee being multi-multi -multi billionaires do not need money from a previous project to fund there next project, a very commonly used strategy by small builders. Then WHY DON’T THEY FINISH ONE PROJECT AND THEN START THE NEXT.???? neither should they be earning interest from investors deposits if their intentions are clear. This suspicion of mine was further cemented after reading details of a Investor -Jaypee meet held on 12th may inJPWT .it was very acrimonious and JAYPEE flatly refused to increase the late delivery penalty from a paltry 5 rupees /sq foot/month to 18 % interest penalty as demanded by the flat owners association. If Jaypee had any decency they would have apologised to the investors and agreed for a compromise or some gesture etc.
You please go through the postings of these flat owner associations of Japyee and YOU WILL BE DISGUSTED HOW THEY ARE BEING TREATED BY Jaypee. In these times where builders run after investors and treat them with respect , here it is opposite !!! The flat owners associations are going to file case/cases in consumer court/high court against JP . This is another reason I don’t want to get involved in this shit. They are having to pool in money for the lawyers etc !!!!
Also the Jaypee people are not involved in direct selling of their projects . It is outsourced to different realty companies like BOP, RenaissnaceRealty etc etc. This is perfect smoke screen on JPs part I believe. the customer care operators of Jaypee hence have no clue on project updates, give different answers to same query at different times. Even the project managers of different projetcs give different dates of completion for their projects !!!!
On top of that recent court ruling ordering demolition of a 100 crore Jaypee cement plant in Himachal due to gross violations of laws/bribery/collusion with state officials etc etc exposed Jaypee also as no different from the cheap type local mafia builders….
Due to all this I lost all faith in ALL their projects.
pleas note — I am not a Jaypee BASHER OR ANTI JAYPEE or anything .. ( my F in Law was ED in jaypee cement )If they mend their ways I would be the first to buy my dream home in Kensington Boulevard 3bhk ! I am not a broker or property dealer . I am still looking for my ideal flat for investment……
Cheers!
4. Jaypee frauds exposed
Originally Posted by gauravjeet2181
after 23 lakhs and 3 years i have seen only LOWER BASEMENT TILL DATE !!
i booked in 2008 jaypee wishtown klassic and now its 2011 and NO CONSTRUCTION only basement has been done in 3 years . jaypee knew it from the very beginning and thus has cheated investors to an extent of delaying the construction . he has also taken more than 50 % of the total cost without doing a thing!!! this is a clear case of cheating and fraud and top to bottom all employyes of jaypee are hand in glove ..till date NOBODY has recieved any response from jaypee cheats !! seems dharnas and slogan shouting infront of jaypee office will only help ! this fraud builder needs to be dragged to court !!
Jaypee is deliberately doing delay tactics as paying 5 rs per sq feet is easy and CHEAP loan at the cost of our hard earned money.
I suggest to all AVOID JAYPEE like plaugue if u dont want to be treated like beggars and dont want to offer 50 lakhs free credit to jaypee . Banks are also not funding many of their projects !! they are being exposed and will soon face the brunt !!
TO jaypee: Cheats your game will be up soon , launching one “paper project” after another you are fooling alot of people and taking their hard earned money . you will be dragged to court and penalised for u r misdeeds and games you have played with peoples money .
5. Unreliable builder
| Originally Posted by Chettan Kumar Hi everyone I am posting this in a new thread because neither of the previous threads were useful to me…I am trying to buy new property in Noida and am interested in buying the Jaypee orchards 2 BHK apartment with ample space for a family of six…I also want to know about discounts as a site I saw mentioned Discounts. Tell me from where I can get the best deal for my money…Please be quick as I am in a hurry I want to invest asap as I’ve read that soon the prices are going to be revised… |
Don’t know much about Orchards, however in general avoid Jaypee as they are big cheaters. Visit any consumer complaint site and you’ll find umpteen complaints against them
6.
| Changed unit without permission I applied for a 2bhk flat in Jaypee Kosmos. Builder changed the unit from 5th floor to 17th floor by applying the fluid on the application form.Thanks Sunny |
7. Complaint against Jaypee Greens Aman
Manoj Bhai,
Hope you are doing well. Please tell your relative to stay away as whatever the price is, this project is not worth it. I would not even consider it for Rs 1500/sqft as the intentions of JP are quite clear. As I said before, some of the small builders are better than JP, because JP knows too much about this game and also how to cheat the customers. Her is my take on the project:
1. Project was launched more than 2 years ago, but still there is nothing more than excavation work on the site.
2. Area is quite far from the action and would take easily 10+ years to develop. It is in sector-151, which is farther from actual Noida and also from Pari Chowk.
3. Only advantage is that it is right on the expressway, but everything around this is kind of Jungle and closest thing is Pari Chowk, about 5 Kms. Instead of calling it Noida, I would call it G. NOida as it is closer to latter than former.
I would like to say again – Buying anything with JP is a mistake.
8. Complaint against non-cooperation of Jaypee Greens officials
BEWARE EVEN BUILDER JAYPEE CAN DUPE YOU
By: APES | Apr 30, 2011 12:41 PM
Dear friends,
I had booked a flat in Pavilion Court Jaypee Greens Noida on 27 Apr 2008 and was allotted flat in Pavilion Court tower No 5 vide allotment letter dated 14 Jun 2008.
In last one year I have made at least four site visits and every time I was shown PVC 5 building under construction. During interaction with the CRM personnel, Ms Aradhana Talwar, Ms Shashi Singh, Ms Monica and Mr Venktesh I was told that the project is on schedule and during my last visit PVC5 building was shown as constructed up to fifth floor.
Satisfied with the progress of construction I requested for change over from construction linked payment (CLP) to down payment (DP) plan and made payment of Approx 95% of total cost. Not only this I even mortgaged the house to bank for obtaining loan of remaining amount.
As per the allotment letter dated 14 Jun 2008 the flat is to be delivered with in a period of 36 months hereof . However, in the last week March 2011 i.e Just 2 month before scheduled date of handing over I was telephonically informed that the PVC 5 building is not being constructed. They called me to their office and showed deep concern and promised a bigger house. But after two days they informed that management is not agreeing to it. I wrote to their CEO Ms Rita Dixit, Mr KC Batra Director Commercial but no reply. They do not pick up the phone.
So if any one of you or your dear one has booked or planning to book the flat with Jaiprakash Associates in Noida watch out and take adequate precautions.
The Talking Brick 