Jaypee Fails to Deliver, Leaves Home Buyers Stranded


Jaypee fails to deliver yet again
Jaypee fails to deliver yet again

New Delhi: As a part of our continuous coverage to highlight the plight of home buyers in NCR region, we throw light on another such developer which has failed to deliver on many of its projects. The Jaypee group has several of its projects delayed across NCR and is at the receiving end of home buyer's wrath for years now.

We spoke to one such home buyer Naveen Hasija. Hasija promised his mother to get her their new home in Jaypee Aman in 2012. He lost his mother and couldn't fulfill his promise. But Hasija continues to fight for what he calls his rightful property.

 “I have lost my mother in the meantime and she said she wanted to come and stay in this house. Who is going to take care of the sentimental value of these houses? It's a total fraudster’s setup. I have written to Manoj Gaur, they don't bother to respond,” Hasija says.

Jaypee fails to deliver, Home buyers furious.
Jaypee fails to deliver, Home buyers furious.

 It’s not just Hasija’s fight, but that of nearly 3500 homebuyers who are awaiting their home in Jaypee’s Aman project in Sector 151 in Noida. Launched in 2009, the developer promised to deliver the flat in 3 years’ time. Even after 8 years, there is no sign of progress. Buyers claim they have paid almost 95% of the flat cost and are on the verge of bankruptcy.

"I invested in 2009, but haven’t been able to get any return till now. It looks very unlikely to get our home now,” says an aggrieved buyer to NDTV.

A lady investor adds, “We have no idea why there is no construction happening. Both my husband and I together paid Rs.33 lakhs in 2009. They told us they will give us possession by 2012.”
It’s not just the delay in delivery that is raging the buyers.  Buyers allege that Jaypee is planning to construct additional towers around Aman and they will have to share common facilities with new home owners. The proposal was never mentioned in the builder-buyer agreement.

A furious Jaypee home buyer says: “The plan which was showed to us, on the basis of which we invested, that plan today is null and void. We have paid Rs.1 lakh for the club membership, why will we want that additional 1600 people when we are already 3000 members.”

Aman is just one of many delayed projects in Jaypee’s long list that includes; Wish Town, a 1,162-acre mixed-development project, the 2,500-acre Jaypee Greens Sports City, and a 450-acre Jaypee Greens project in Greater Noida.  Some these have been delayed for 5 years now and buyers are scrambling for a way out.

Sahil Sethi, Senior Associate, Saikrishna & Associates suggests that aggrieved buyers should get together to resolve the matter.

Sethi says, “Get together in the form of registered associations. If there are organizations, go and join them. Get a sense of what's happening in project, talk to developer. See if it can be worked out you and developer, if the same is not happening, then approach appropriate forum such consumer forum, civil courts.”

Errant developers could be in for a long-term legal battle with home buyers, this, especially after consumer court ruled in favour of buyers in Kalypso court, a part of wish town project in 2016. The court ordered the group to pay a 12% annual penalty to the aggrieved home buyers and more buyers are likely to follow suit.

Jaypee is yet to answer our phone calls, e-mails or text messages on the matter.

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47 thoughts on “Jaypee Fails to Deliver, Leaves Home Buyers Stranded

  1. Couple of Jaypee's stake holders are lawmakers representing the honest BJP party. Is Modi aware of this issue? 

    1. This is the norm across country with all builders. They collect 95%,  don't complete the existing buyers properties and they start new and new towers.   They are experts in blaming the buyers for any delays. They never respond to any queries or concerns of buyers

    2. jaypee started project when mayavati was the CM of UP, they also develped the noida agra express highway. after that SP was in the power and gave benefits to such builders. And you are blaming BJP for this too? loser

      1. Is BJP is not in power now? Can't they understand the plight of buyers? It's not about SP, BSP, BJP and any political party but it's to protect the rights of buyers who are sufferring because of builders nonsense.

        1. Did BJP told you to invest with Jaypee ? Were you not aware they are supporters of mayawati and were growing due to her ? 

          1. Its matter of citizen of india who is feeling being cheated & govt should act on thatBhakt ki tarah mat react karoReact like a sensible citizen 

      2. That's my observation too. Real estate in NOIDA and GN was flourising during mayawati and took UTURN under SP. I hope BJP correct these builders once buyers go to new UP CM and PM. Jaypee should be made to pay the money back with 12% from promised date or make new commitment with new penalty clause on builder. Owner shd get to choose what they want to have

  2. The right of the common man to his house should come before the right of banks to take interest on their investments ( banks have a portfolio and wont sink just because of Jaypee but many common people have made the investment of their lives in this). Why then do the home buyers not demand that before a single rupee is paid to the bank.  All ongoing projects should be completed. A signed petition to this effect should be sent to the PM and the President

  3. I request NDTV to take up the cause of project delays at Jaypee Properties. The management of Jaypee is least bothered to reply to the queries and grivancee of the home buyers. Only sustained media & legal campaign can make them deilver.

  4. he will be the next Mallya to vanish from India the moment he gets heat from buyer. Its better they should form association and take control of the property and develop the same of their own. I was lucky that I booked in wish town in 2007 but after 2 years when I enquired about the progress then they told that the tower cannot be  built due to some technical reason and I can opt for some other unit. I somehow cancelled the booking and got my booking ammount back.

  5. Can all those who have invested in Buddha Circuit Studio – II, Jaypee Greens Sports City – East contact me at 9956296804. I plan to get us all together and start legal action. Been three years and the fraudster (JP Associates) has not responded. Let us keep these bad elements engaged in legal battle. They can not take us for granted. 

    1. Hi Rajkumar,I too have invested in Buddh International Circuit Studio – II at the launch of the project.I'll connect with you soon regarding the same at the earliest to discuss future posibilities.Regards,Nabeel9891060686

        1. friends, I am an advocate practising in Delhi. Our firm has already initiated action against one of the unfished projects by jaypee. It has group of buyers of one of the jaypee's project only. our firm can help you in the same. Interested, kindly mail details at: surabhinarula@gmail.com

        2. Jaypee has already scrap Buddh Circuit Studio 2 years ago, Not sure you know or not. Please get in touch with Jaypee official

          1. Hi Manish, What you say is it a official statement by Jaypee on the Buddh Circuit Studio Project, or is it news from the market. I too have paid around 8 lacs for thid project in 2013. regards sanjeev sharma 9811297771Noida

    2. Freinds, our firm has already filed couple of consumer cases against Jaypee for projects at Noida Expressway and Yamuna Expressway before National Consumer Court, as a joint petition of buyers of the projet, to put more pressure on builder and to make it economical for the buyers, who have already lost much money to this defaulter builder. Interested buyers can contact at lokesh@ndlolegal.com or 9999410660.

  6. NDTV Should take this up in their left right and Central debate topic and ask the government nominee to reply else it will become another Mallya case. 

  7. This is the norm across country with all builders. They collect 95%,  don't complete the existing buyers properties and they start new and new towers.   They are experts in blaming the buyers for any delays. They never respond to any queries or concerns of buyers

  8. To have to squander your life's savings for buying a house and then be left at the lurch can be debilitating. These guys should get together as the article says and file a case in the courts. Other developers will also get the message when they know jail time is near if they don't fulfil promises.

  9. A cursory study of Jaypee properties this is. There is a need to look deeper. Aman III launched 2014, never took off. Not even a brick laid. Jaypee have officially not announced that the project has been scrapped. Case with NCDRC already. NDTV should carry out an exhaustive study of all builders. Supertech is another one who is lagging on all fronts and not only cheating the buyers but also the authorities.

  10. its's a very painful situation for buyer like me,i also payed 95% of total money on Jaypee Kove Project & till the time no viibility of possession.not even any construction from last five year. 

    1. Friends, our firm has already filed couple of consumer cases against Jaypee for projects at Noida Expressway and Yamuna Expressway before National Consumer Court, as a joint petition of buyers of the projet, to put more pressure on builder and to make it economical for the buyers, who have already lost much money to this defaulter builder. Interested buyers can contact at lokesh@ndlolegal.com or 9999410660.

  11. Next time you should do a storey on SARE Crescent Parc III, sec-92 in gurgaon. I bought a flat in 2011 and they have not delivered the flat until now (2017)..all members are frustated and trying various options but management is deaf and not responding at all. I wonder how can SARE win builder awards and be on news channels for expert advice !! 

  12. This is the same situation prevailing in all cities. In Bangalore also the same situation where many reputed builders like Adarsh developers, Century builders etc have collected more than 75% of the cost and keep delaying the project by sighting some problem or the other or blaming the government for not sanctioning.  There are projects which were started in 2011 and promised to the customers that it will be handed over by 2015/ 2016. But still there is no further construction and investors are left wondering how to tackle them with no support from government. Hope the central government and state government look into these real estate builders so that they will deliver the projects on time.

  13. it will not become mallay case. it is in fact a Mallya kind of case, if you can recollect, thogether with Mallaya they started the Formula one reacing track in Noida, JP have looted peoples hard eraned money and invested in Formula one reacing tracks and builsing  Yamuna Expressway.Together the home owners need to fight back, is government sleping , JP who has a loan of 58,000 crores is allowed to get further loans from bank and from the people and invest it in all the useless projects such as F1.

  14. The unsruplous builders are taking the customers for a ride and at the same time they are not paying the small vendors and petty contractors for whatever work that has been done at the site!So on both sides the builder is a gainer and they go laughing all the way with huge pots of money. If you see the list of creditors of some of the leading builders it would reveal a huge sum of money they need to pay , how can you expect them to complete projects since the vendors and contractors would withdraw due to ono-paymen tof thier dues. This is a case with 95% of the builders in this country and yet the goverment does not do a thing!! 

  15. There are number of builders such this and one is Ramprastha in Sector 37D in Gurgaon also who has sucked almost 85-90% project cost and unable to deliver project even after 8 yrs , Not sure what Govt is going and under which law these builders are allowed to collect money in advance without providing possession. If we as buyer no pay even one bank EMI , Bank will take full ride on us , While builders enjoys reides in expensive cars 

  16. iI'm one of those who have put in 95 per cent about 4 years ago and still suffering as I am not receiving any communication from them.Please any body can help me with their email address or phone number. 

    1. I am an advocate practising in Delhi. Our firm has already initiated action against one of the unfished projects by jaypee. It has group of buyers of one of the jaypee's project only. our firm can help you in the same. Interested, kindly mail details at: surabhinarula@gmail.com

  17. Kindly see Pal group of  Gurgaon. The had launched project in Faridabad Sec 78 in 2006 and Posseion in 2009.They have taken 90 % payment from all. The took the money and stopped construction .They have looted the money.Pls write a review on them

  18. Jaypee is unlikely to ever deliver our homes. There is no law in India which asks it to do so. I paid in 2008, even after nine years and paying 95%  by 2013, there is not an iota of work done since last four years. And now we are stuck in the class action suit controversy in the courts. Before this it was NGT. After this something else will pop up. Only that nobody will ever ask where is the home to the homebuyers. Banks made money, Jaypee made money, politicians made money, only we are left to suck our thumb. Laws are being made on the prospective basis, so that the existing buyers are left out. Great governance indeed!!!! 

  19. I have worked with Jaypee Associates and they have a good corporate connection with NDTV and other media houses. Manoj Gaur and his team are big fraudsters. They would never pay the vendors on time and would never value to any employee's time. They would never find a sense of working in a professional manner. Request the home buyers to hire a team of good lawyers and make this group suffer.

  20. Why do you cover only home buyers? Please include the depositors who placed their hard earned monies as deposits. Neither have they paid interest nor returned the principal amounts after maturity date. This is despite they having promised that once the Ultratech transaction involving sale of their cement plants is cleared by NCLT they will repay. All broken promises and duping small investors!!!

  21. Why do you cover only home buyers? Please include the depositors who placed their hard earned monies as deposits. Neither have they paid interest nor returned the principal amounts after maturity date. This is despite they having promised that once the Ultratech transaction involving sale of their cement plants is cleared by NCLT they will repay. All broken promises and duping small investors!!! No efforts being made by the company for effectng repayment of amounts borrowed. Jaiprakash Associates Limited needs to be liquidated compulasorily since it is not able to repay even very small debts. It is a very precarious situation for those depositors who have saved for meeting various expenses like wedding expenses, medical expenses etc.. The Hardship Committee constituted by the NCLT for redressing depositor grievances is non-responsive. Very unprofessional attitude and fraudulent behaviour.

  22. Thanks NDTV for the much needed coverage on a crimnal act of Jaypee Associates…..they have collected money on the name of apartments construction but invested somewhere else.  I bought an apartment in Kassia -II in Jan/2011 and have paid over 30Lac by April/2013. Hope the new UP govenment and court of law will do something before the ownere of Jaypee associates flies away with money collected from thousands of buyers.  

  23. I have booked at Jaypee Kove and same condition. Nobody is answering calls as well as mails. Very critical condition. 80% payment is already done & installment from Axis bank is already started. No one knows why work has been stopped & when it will complete. Last year, I visited site & found that plants are growing on structures. God help us!

  24. Not only Jaypee but even builder like Paras are big frauds, they have taken people's hard earned money and now not delivering – don't know why there is no law to protect the home buyer's in this country from such blatant fraud,

  25. Why there is no coverage on some builders like Puravankara.. they delayed the project for almost 3 years now.. No compensation to buyers instead slapping penalty for delay in payments for 1 day / 3 days. I'm talking about all their projects in Chennai / Coimbatore Is it  becoz he is your main sponser for your prgrammes.. Please come down to chennai / bangalore and visit the projects by this developer … you will agony of the buyers. This is no country for honest citizens , only for crooked, cheats …….is this the New India our governments promising….RERA bill was passed last year still it is not passed in State legislatures…..political praties and builders all are hand in glove. 

  26. I have bought a flat in Jaypee Kosmos, tower 77, in 2010 . Possession was to be given in 2013. Recently I wrote to them for possession, they said it will be given in mid of 2018 whereas eralier I was informed that it will be given in third quarter of 2017. There is no end of their false promises.No work is going in the tower since last few years.Please let us know if there is any forum for Kosmos 77. I want to join the same to take joint action against the builder.  

  27. Hi,I am an investor in Jaypee Kove in Yamunaexpressway and and am interested to know  what options (Legally) do we have against the builders non-compliance of giving possession to the home owners?Is there any group formed for Kove owners against Jaypee? Please let me know. My email nishantnamboori@gmail.com

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