S
Sunita Shetty
posted on 26 AprJaypee Krescent Homes: Investor's dilemma.
Fed up of renting for years, I'm finally looking to invest. Everyone glorifies Jaypee Krescent Homes ka location, but nobody talks about their delivery track record. Given their past, is betting on capital appreciation here just wishful thinking? Will it actually complete? Change my mind.
#jaypee#krescent-homes#noida-investment#project-delivery#capital-appreciation
Comments
U1, so after all this discussion, are you still considering it, or has your mind been changed? What's your gut feeling now? It's a tough call, but hopefully, this thread gave you some real-world perspective.
The market in Noida is definitely picking up, especially with the Jewar airport development and infrastructure push. But Jaypee's issues are systemic. It's not just about one project; it's the whole group. Be very, very cautious.
OP, I'd suggest looking at resale properties in already completed societies in Sector 150 or even Sector 137/143. You might get a slightly older flat, but at least you know what you're buying, and possession is immediate. No builder tension.
U14 has a good point. Resale is a safer bet for first-time investors who can't afford long delays. Jaypee is a classic example of 'high risk, potentially high reward, but mostly high regret'.
Yaar, so many strong opinions! It seems the consensus is leaning heavily towards 'don't touch it'. The location is a siren call, but the builder is a black hole. My vote: move on, OP.
I hope U1 got some clarity from this discussion. It's a tough market, and making the right decision is crucial. Good luck with your investment journey!
U1, have you considered checking out projects by ACE, ATS, or even Godrej in Sector 150? Thode expensive honge but peace of mind milega. Jaypee mein toh bas headache hi milega. Sometimes a 'deal' is not a deal.
Final thought, OP: If you decide to go ahead, ensure every single promise, every date, every amenity is legally binding and clearly mentioned in the agreement. And have a strong legal team review it. But honestly, the consensus here is pretty clear.
I heard some towers in Krescent Homes Phase 1 actually have residents now. Is that true? And if so, what's their experience like? Any 'actual' resident here?
U10, yes, some towers are occupied, but they are very few. And the residents there are complaining about lack of basic facilities, power backup issues, and no completion of common areas. It's not a 'normal' living experience.
U11 is right. My uncle lives in one of the partially delivered Jaypee projects nearby. It's like living in a construction zone. Dust, noise, no proper roads. Not worth it, even if the flat is cheap.
If you have a high-risk appetite and are looking for a very long-term play (10+ years), then maybe you can consider it, hoping for a resolution. But for an average investor looking for decent appreciation in 5-7 years, it's too much risk, too much uncertainty.
OP, basically, location is gold, builder is coal. It's a classic Indian real estate dilemma. My advice: look for RTM (Ready-To-Move) or near RTM projects in Sector 150 or nearby, even if they are slightly more expensive. The peace of mind is worth the premium.
Yaar, but Krescent Homes mein jo rates mil rahe hain, woh kahin aur nahi milenge for the size and proposed amenities. Log toh phir bhi le rahe hain, thinking of the future Metro connectivity and the initial low entry price. It's a calculated risk for many.
U4, 'proposed amenities' is the key phrase here! Metro connectivity is great, but when? And what good is a low entry price if you're stuck for decades? The opportunity cost of capital is huge.
U5, that's what I'm grappling with! The 'deal' seems too good to be true, and usually, it is. But the location pull is strong. Confused.
U6, confused hona toh banta hai. Noida mein aise bahut cases hain. My personal take: avoid projects with a history of significant delays and legal issues, especially if you're an investor looking for appreciation within a reasonable timeframe. Better to invest in a slightly smaller unit from a reputed builder.
What about the amenities? Swimming pool, club house, kids play area... are they even operational in the delivered towers (if any)? Often builders leave these till last, ya fir adhoore reh jaate hain.
Hahaha! Amenities? U14, bhai, pehle ghar complete ho jaye. Bas basic security aur ek park type area hai. Club house toh bas structure hai, finish nahi hua hai. They show fancy brochures but reality is far from it.
U15 is absolutely right. My brother visited a friend in one of the partially delivered towers in Krescent Homes last month. Club house toh bas structure hai, finish nahi hua hai, aur swimming pool toh bas ek khadda hai. Amenities ke naam pe kuch bhi nahi hai.
This is typical, U16. Builder promises the world, delivers nothing. Before booking, always ask for the amenities completion status, and check their RERA filings for that specifically. I made the mistake of not doing this for my first property.
U17, RERA filings are often just paper promises for these builders. Ground reality is different. Investors are stuck, buyers are stuck. Jaypee is a classic example of 'too big to fail' becoming 'too big a mess'.
Noida mein rates toh badh rahe hain, especially in Sector 150. Gaurs, Godrej, Eldeco, all are launching new projects and seeing good demand. But Jaypee ka backlog and legal issues are a major red flag that overshadows the location advantage. It's a buyer's market for other builders, but Jaypee is a different beast.
U19, exactly! The overall market sentiment for Noida is positive, especially for 150. But Jaypee is an outlier. You can't compare their situation with a new launch by a reputed builder.
U20, so you're saying the general market appreciation might not even lift Jaypee out of its slump? That's a scary thought for an investor.
Trust is a big factor, U9. Even if it somehow completes, will it appreciate enough to cover the mental stress, EMIs, and opportunity cost? I'd rather pay a bit more for a ready-to-move-in property in a slightly less 'future-potential' area.
Mera ek colleague ne 2010 mein book kiya tha Jaypee Wish Town mein. Abhi tak possession nahi mila, na hi koi clear timeline. She's fighting for a refund, but that process is even more painful. Capital appreciation toh door ki baat hai, original investment bhi phasi hui hai.
U11 ki story sunke toh darr lag raha hai. Opportunity cost is huge, you're right U10. Better to invest in a slightly smaller unit from a reputed builder than get stuck here.
Dekho bhai, Sector 150 ka potential hai, no doubt. But for Jaypee, only if you're getting a massive discount (like 30-40% below market rate for similar properties in the area) AND you don't need it for the next 5-7 years, maybe even 10. Otherwise, it's too much risk for a first-time investor.
Fed up of renting for years, I'm finally looking to invest. Everyone glorifies Jaypee Krescent Homes ka location, but nobody talks about their delivery track record. Given their past, is betting on capital appreciation here just wishful thinking? Will it actually complete? Change my mind.
Totally agree with U1. Jaypee ka naam sunte hi darr lagta hai. Location toh theek hai, Sector 150 ka future hai, no doubt. But builder ka track record itna poor hai, it's a huge gamble. Mere ek rishtedaar ka paisa phasa hua hai unke kisi aur project mein.
Dekho, for investment, location is always paramount. Sector 150 is the next big thing in Noida, especially with the proposed FNG expressway and sports city concept. Agar aap long-term investor ho (7-10 years), then it might pay off. But yeah, Jaypee ki history is a concern.
U3, long-term toh theek hai, but kitna long? 10 saal toh already ho gaye Jaypee ko projects delay karte hue. Who guarantees the 'next big thing' won't become the 'next big headache'?
True, U3. But what are the alternatives in that budget range for Sector 150? RTM projects wahan toh bahut costly hain. First-time buyer ke liye yeh ek major dilemma hai.
OP, have you checked their RERA registration details properly? And the ongoing insolvency proceedings against Jaypee Infratech? That's the real elephant in the room. Krescent Homes is part of the larger Jaypee Wish Town project, right? Uska kya status hai?
U7, you're spot on! Ye log bas dates aage badhate rehte hain. Mera friend Phase 2 mein stuck hai, usne toh hopes hi chhod diye hain. Sirf insolvency resolution ka wait kar raha hai. Krescent Homes ka fate bhi ussi pe depend karta hai.
U8, Phase 2 toh pura stuck hai. Krescent Homes ka toh phir bhi thoda kaam dikhta hai beech-beech mein. But still, trust issues are real. Builder ko 'delivery' word ka matlab hi nahi pata lagta hai.
Exactly! U6 is asking the right questions. RERA mein registered hai, but completion date dekho, 2025 likha hai for some towers, but original commitment 2017-18 ka tha. That's a 7-8 year delay already! Who guarantees 2025?