For hundreds of buyers, purchasing a house in Jaypee Wishtown projects in sectors 128, 133, and 134 of Noida has turned into a nightmare. A conversation with residents of Klassic in sector 134 and Gardel Isle, KP-1 in sector 133 reveals their plight. Residents complain about unfulfilled dreams of owning a home, despite investing a lifetime's earnings, and now are forced to wait indefinitely. Klassic in residents allege poor maintenance, while residents in KP-1 express frustration over a locked temple.
The project's delay is attributed to the company's bankruptcy and NCLT proceedings, exacerbating buyer frustration. Some buyers who have gained possession contend with maintenance issues and the builder's lack of accountability. A builder representative told aajtak.in that efforts are being made to resolve issues and provide possession promptly.
Surendra Sehgal, who booked a flat in Jaypee's Gardel Isles project in 2012, shares, “Despite paying 80% of the costs and additional fees for IDC, EDC, and parking, we still live in rental homes, paying EMIs, with immense distress. Our situation worsens when not allowed to inspect our property. Conditions are dire, with no one willing to listen.”
Another buyer, Sachin Arora, states, “I booked my flat in 2012 with the promise of possession in four years plus a grace period, only to discover in 2016 that the company entered NCLT. Construction halted with no progress for years and resumed recently to create an illusion of activity. After 13-14 years, many of us are weary. Life savings are gone, and some buyers are no longer alive.”
Approximately 3,400 buyers are trapped in this project. They claim construction recently resumed but viewing their property's status remains restricted. On paper, the situation appears different from reality, with sporadic work and lack of buyer updates. Buyers lament, “We’re stuck here after paying.”
Another buyer, Nishant Bhargav, explains, “In Noida, project approval requires mandatory provisions like green space, commercial, community, and residential areas. However, Jaypee and JIL misled us. They fully utilized Floor Area Ratio (FAR) and increased tower heights but failed to deliver promised green areas in sectors, reallocating them to the golf course in sector 128. Sectors 133, 134, and 131 barely have green areas, with 1-2% in 133 and 5-6% in 131, and 102 acres of the mandatory 152-acre green zone given to the golf course, leaving no green space for other sectors' residents.”
Source: aajtak
Nishant adds, “In sector 133, the builder established a temporary workforce colony in the playground. After purchasing flats, we can't access green areas without a 22 lakh membership for the golf course.”
Source: aajtak
Some buyers have received possession yet are troubled by disorder. Manikesh Tiwari shares, “A recent builder notice declared they won’t maintain anything broken or damaged in the society. As per the UP Apartment Act, maintenance for two years post-handover to the association is mandatory, but only half the towers are completed. If poorly constructed buildings cause harm, the builder absolves responsibility in writing.”
Source: aajtak
The project's temple remains locked, with only its exterior complete. Buyers remark, “The temple calls out for its deity and devotees. A dream of worship here leaves hopes shattered 20 years later, with no homes in sight. We leave it to divine intervention.”
Pradeep Sahay, a resident of Klassic in sector 134, states, “We’re exhausted from complaining, without any resolution. We've spent millions on a house, yet maintenance is nonexistent.”
Jash Panchamia, Executive Director of Jaypee Infratech Limited, explains, “Upon acquiring the project, the foremost challenge was completing homes left unfinished for 15 years. Despite obstacles, all building contracts are now assigned. Towers are grouped with multiple contractors. Occupancy certificates (OC) for 22 out of 159 towers have been issued, with applications submitted for 18 others. Homebuyer representatives are satisfied, and we’re on track for timely deliveries as per the resolution plan.”
