Here is an exclusive review of Jaypee Greens Noida and Greater Noida Projects. Jaypee Greens is wholly owned company of JP Associates.
Jaypee Greens Noida:
JPA highlighted its intent to create a township by launching a blend of asset classes to ensure offtake. The company plans to offer a mix of entry point as well as premium properties. Of the total 1250 acres in Noida (75 mn sqft of development), 452 acres will be developed in Phase I (currently in progress), and the balance later
Product offerings: As per the company, apart from golf centric development, adequate greenery and a township concept, attractiveness of the project lies in various price points at which products are available. Till date, the company has launched 2 types of properties - super deluxe (Imperial and Kalypso) and mid-range (Pavilion Court and Pavilion Heights)
Selling Price at Imperial Court, Kalypso Court, Pavilion Court and Pavilion Heights are Rs 6400 / sft, Rs 5,700 / sft, Rs 4,800 / sft and Rs 4,500 / sft respectively.
Jaypee Greens - Greater Noida:
Product offerings:
Premium glass towers: Total 3 towers. Current rate of INR 10,000/sqft. Estimated realization of ~INR 8000-10000/sq ft. Cost of construction of ~INR 3000/sqft. This is being built in collaboration with Shapoorji Pallonji.
Premium individual villas: These are individual housing units. Of the launches, the company is left with 5% inventory.
Mid range apartments: These are called Crescent apartments. Of the total launch, the company is left with 40% inventory. Current rate is INR 7500/sqft.
Entry level apartments: Current rate of INR 5750/sqft in Star Court. Total 450 units have been sold. Moon Court was launched last week at INR 5400/sqft. Of the total 100 units launched, 80 has been sold. Earth Court has been launched at INR 3500/sqft.
Of the total 2000 units planned, 1100 units have been launched for sale till date. Future launch dates and product types will depend upon market demand. The Hotel is planned to be completed before the CW games.
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