Appeal for intervention on behalf of section of common Indian citizens (30,000 homeBuyers)

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To,               

Hon’ble Prime Minister of India,

New Delhi.

Cc To:

Hon’ble President of India.

Subject: Appeal for intervention on behalf of a section of common citizens of India (30,000 home Buyers –  Jayee Noida).

Sir,

I would like to thank you for your initiative “Sabka Saath Sabka Vikas” where citizens of the country feel part of the governance for the holistic development of the country.

I would like to draw your attention to below ongoing problems with “Jaypee Infratech Limited (JIL)” / Promoter “Jaypee Associates Limited (JAL)” and section of the citizens (30,000 home buyers) in Noida-Greater Noida Expressway, Gautam Budh Nagar, Uttar Pradesh area –

1. “Jaypee Infratech Limited (JIL)” / Promoter “Jaypee Associates Limited (JAL)” had launched Housing Township in 2009 on the Noida - Greater Noida Expressway. Project called “WISH TOWN”.

 2. Section of the citizens (35,000 home buyers) booked their apartments in JIL/ JAL from 2009 onwards.

 3. JIL/ JAL was supposed to complete the apartments and handover to the home buyers within 3 years of booking apartment.

 4. In the last 8 years JIL/ JAL has handed over apartment only to the 5,000 home buyers as of now.

 5. JIL/JAL has not yet handed over apartment to 30,000 home buyers despite most of the home buyers have already paid over 90% of apartment value to JIL / JAL.

 6. Most of the home buyers have taken home loan from the banks to pre finance and paying heavy EMI’s every month.

 7. Home buyers are forced to stay in rental houses paying heavy rental every month top of heavy EMI’s paying to the banks against their home loan.                                       

8. Most of the home buyers have paid all their life time savings to JIL/ JAL dreaming own house.

 9. With the above fact, section of citizens (30,000 home buyers) are in miserable condition and facing hardship to survive their family lives.

 10. Section of citizens (30,000 home buyers) are in distress & fear of loosing their property and livelihood.

Section of citizens Concerns (30,000 home buyers) & consequences:

1. “Jaypee Infratech Limited (JIL)” / promoter “Jaypee Associates Limited (JAL)” and “IDBI Bank” has joined hand before Hon’ble NCLT and declared JIL under Insolvency & Bankrupt process and Order has also come from Hon'ble NCLT for proceeding IBC.

 2. Section of citizens (30,000 home buyers) are concerned about loosing their life time savings.

 3. Section of citizens (30,000 home buyers) are concerned about loosing their Homes from JIL / JAL.

 4. It will be unbearable loss for the section of citizens (30,000 home buyers) if JIL becomes insolvent and/ or section of citizens (30,000 buyers) loose their homes and life time savings.

We, the affected Section of Citizens (30,000 home buyers) humbly appeal to your office to intervene and resolve the issues so that “Jaypee Infratech Limited (JIL)” / Promoter “Jaypee Associates Limited (JAL)” can be able to deliver our homes to the home buyers at the earliest.

We, Section of Citizens (30,000 home buyers) hope you will use your honorable office to compel “Jaypee Infratech Limited (JIL)” / Promoter “Jaypee Associates Limited (JAL)” to fulfill its contractual agreement.

 Your’s faithfully,

 Arun Mishra



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