Hiranandani Palace Garden - Panvel - Page 38 - Indian Real Estate Forum

chikkoo · 30-01-12

Quote:

Originally Posted by realtymerchan

Investor Appartments available for resale in hiranandani palace gardens panvel

before every1 was telling there is not apartments for sale? Now everybody wants to sell..!!!

What's the matter?? A good sign for prospective buyers.

keepwalking · 05-02-12

Quote:

Originally Posted by shaileshd

Panvel Property | Mumbai Property, Best Real Estate Deal in Panvel
This should help. I dont think buyers could get a better price than this.

Hi,
Could anyone tell me the TOTAL appx. cost for a 2BHK here (including all charges)..

Thanks

keepwalking · 11-02-12

Quote:

Originally Posted by keepwalking

Hi,
Could anyone tell me the TOTAL appx. cost for a 2BHK here (including all charges)..

Thanks

Any help would be greatly appreciated..want to know the ALL-IN cost for a 2BHK at Hiranandani, Panvel. Thanks!

Joshi1965 · 15-02-12

HPG Pictures from Express Highway!
Enjoy,

bhushank4 · 29-02-12

Recently, along with Slab#12 demand note for Aura we have received a demand for service tax payment; its Rs.63,937/- till Slab#12. Wonder if everyone else has received this and whats the basis of calculation for the same?

cheers
B

Joshi1965 · 29-02-12

Hi Bhushank, I have received it as well; INR 64,198. Saw posting on face book ; reply from HPG regarding calculation of tax which reads as follows: " Kindly check the previous demand notes wherein we have mentioned under the notes section, point no.3 mentioning that the service tax is payable extra as per the government rules and regulations but we had not called for it as we were waiting for the final confirmation.

The calculation is as mentioned below.

On the 25 % of the total called amount from 1st July 2010 it is 10.30% till the current slab called (slab 11).

Going forward it will be as per the demand note which you will receive from us."
Cheers! Joshi1965

rodee13 · 29-02-12

Basic service tax: 10%
Education cess on service tax: 2% on 10% = 0.2%
Secondary edu cess on service tax 1% on 10% = 0.1%
Total: 10.3%

This 10.3% service tax is only applicable to 25% of the value of the property (only under construction ones) and effective from July 2010 so money paid before that would not attract any service tax. Also no service tax on parking charges. (all other things like floor rise...club etc would attract ST)

10.3% of 25% = 2.57%

Cheers,
Robin

sharpinvestor · 01-03-12

LONDON (SHARECAST) - Hirco, a company involved in developing two huge township projects in India, has seen the current market value of the assets plunge by more than half.

For the full year which ended on 30 September 2011 the company reported an an after-tax loss of £273.3m, representing a loss per share of £3.30.

This loss was mainly a “non-cash” accounting adjustment as the directors wrote down the group's asset values following a previously announced revaluation of their developments in Chennai and Panvel.

In September 2010 the projects were thought to be worth £824m, but following an assessment by commercial property adviser CBRE in September 2011 the assets were valued at just £342m.

While the economic backdrop has been difficult the company has been busy cutting costs, sacking staff, renegotiating contracts, closing the US office and moving all admin functions to the Isle of Man. These cost savings are expected to amount to £2m per year.

That won’t be enough to calm investors though, especially as the Chairman of the company, David Burton, reminded shareholders that the overall development time-lines for the projects have lengthened considerably and what Burton calls "the upstreaming of cash" is unlikely for the foreseeable future.

The stock dropped 11.2% by 9:29am. Over the past 12 months it has fallen 15.6%. Since 2007 the shares have fallen 87.7%.

source : share cast

Is this a sign of property prices correction.....???? or just a passing phenomenon

GreenWorld · 01-03-12

Quote:

Originally Posted by sharpinvestor

LONDON (SHARECAST) - Hirco, a company involved in developing two huge township projects in India, has seen the current market value of the assets plunge by more than half.

For the full year which ended on 30 September 2011 the company reported an an after-tax loss of £273.3m, representing a loss per share of £3.30.

This loss was mainly a “non-cash” accounting adjustment as the directors wrote down the group's asset values following a previously announced revaluation of their developments in Chennai and Panvel.

In September 2010 the projects were thought to be worth £824m, but following an assessment by commercial property adviser CBRE in September 2011 the assets were valued at just £342m.

While the economic backdrop has been difficult the company has been busy cutting costs, sacking staff, renegotiating contracts, closing the US office and moving all admin functions to the Isle of Man. These cost savings are expected to amount to £2m per year.

That won’t be enough to calm investors though, especially as the Chairman of the company, David Burton, reminded shareholders that the overall development time-lines for the projects have lengthened considerably and what Burton calls "the upstreaming of cash" is unlikely for the foreseeable future.

The stock dropped 11.2% by 9:29am. Over the past 12 months it has fallen 15.6%. Since 2007 the shares have fallen 87.7%.

source : share cast

Is this a sign of property prices correction.....???? or just a passing phenomenon

Further extension on project completion ?? Not a good sign...

Joshi1965 · 04-03-12

Thanks

15-02-12	#374
Joshi1965 New Member Join Date: Mar 2010 Posts: 12 Thanks: 2 Thanked 12 Times in 3 Posts	HPG Pictures - 5 February 2012 HPG Pictures from Express Highway! Enjoy, Attached Images Last edited by Joshi1965; 15-02-12 at 07:54 PM.

29-02-12	#375
bhushank4 Member Join Date: Jan 2010 Posts: 199 Thanks: 5 Thanked 7 Times in 3 Posts	demand note for service tax (AURA) Recently, along with Slab#12 demand note for Aura we have received a demand for service tax payment; its Rs.63,937/- till Slab#12. Wonder if everyone else has received this and whats the basis of calculation for the same? cheers B Last edited by bhushank4; 29-02-12 at 12:25 PM.

29-02-12	#377
rodee13 New Member Join Date: Jan 2010 Posts: 6 Thanks: 2 Thanked 3 Times in 1 Post	Service Tax Basic service tax: 10% Education cess on service tax: 2% on 10% = 0.2% Secondary edu cess on service tax 1% on 10% = 0.1% Total: 10.3% This 10.3% service tax is only applicable to 25% of the value of the property (only under construction ones) and effective from July 2010 so money paid before that would not attract any service tax. Also no service tax on parking charges. (all other things like floor rise...club etc would attract ST) 10.3% of 25% = 2.57% Cheers, Robin

01-03-12	#378
sharpinvestor Member Join Date: Mar 2012 Posts: 59 Thanks: 2 Thanked 10 Times in 8 Posts	Hirco berserk following Indian townships write down LONDON (SHARECAST) - Hirco, a company involved in developing two huge township projects in India, has seen the current market value of the assets plunge by more than half. For the full year which ended on 30 September 2011 the company reported an an after-tax loss of £273.3m, representing a loss per share of £3.30. This loss was mainly a “non-cash” accounting adjustment as the directors wrote down the group's asset values following a previously announced revaluation of their developments in Chennai and Panvel. In September 2010 the projects were thought to be worth £824m, but following an assessment by commercial property adviser CBRE in September 2011 the assets were valued at just £342m. While the economic backdrop has been difficult the company has been busy cutting costs, sacking staff, renegotiating contracts, closing the US office and moving all admin functions to the Isle of Man. These cost savings are expected to amount to £2m per year. That won’t be enough to calm investors though, especially as the Chairman of the company, David Burton, reminded shareholders that the overall development time-lines for the projects have lengthened considerably and what Burton calls "the upstreaming of cash" is unlikely for the foreseeable future. The stock dropped 11.2% by 9:29am. Over the past 12 months it has fallen 15.6%. Since 2007 the shares have fallen 87.7%. source : share cast Is this a sign of property prices correction.....???? or just a passing phenomenon

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29-02-12	#376
Joshi1965 New Member Join Date: Mar 2010 Posts: 12 Thanks: 2 Thanked 12 Times in 3 Posts	Hi Bhushank, I have received it as well; INR 64,198. Saw posting on face book ; reply from HPG regarding calculation of tax which reads as follows: " Kindly check the previous demand notes wherein we have mentioned under the notes section, point no.3 mentioning that the service tax is payable extra as per the government rules and regulations but we had not called for it as we were waiting for the final confirmation. The calculation is as mentioned below. On the 25 % of the total called amount from 1st July 2010 it is 10.30% till the current slab called (slab 11). Going forward it will be as per the demand note which you will receive from us." Cheers! Joshi1965

04-03-12	#380
Joshi1965 New Member Join Date: Mar 2010 Posts: 12 Thanks: 2 Thanked 12 Times in 3 Posts	Thanks

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