Jaypee says no to refunding Wish Town homebuyers in Noida

Jaypee says no to refunding Wish Town homebuyers in Noida

In a tripartite meeting held between representatives of Jaypee group, homebuyers of Jaypee Wish Town and Noida Authority officers, the builders on Monday confirmed that construction at the Wish Town project has started full swing.

However, they stated that they are in no position to refund those buyers who wish to exit the project at this stage. The builders assured the buyers that they would meet buyers from individual apartments in the Wish Town project and take up their concerns.

The buyers of Wish Town project posed questions to the builders regarding their source of funds. To this director Jaypee Infratech, Sameer Gaur responded, “Jaiprakash limited, the realty business which are the promoters of Wish Town is being financially restructured. The cement business has been sold, from that Rs 600 crores will be diverted as working capital for completion of Wish Town. We will monetise the toll on Yamuna Expressway and raise the balance amount for the completion of Wish Town.”

[Source:- realty.economictimes.indiatimes]

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