How is new Castle rock project by Hiranandani in Powai? I believe it is coming up at the site of the old go cart arena. It should be a great location, next to their SEZ, and Hiranandani is probably the most reputed and ethical builder in Mumbai. What is iref experts opinion on the project? Their apartments seem to start from Approx 2 crores i.e. close to Rs. 20,000 psf. Resale flats are going for about 25-40% more than that amount for older Hiranandani projects in Powai
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  • Its one of the last developments in the location by Hiranandani. Its a very good project with a lot of amenities.
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  • While the project seems to be quite good in terms of location, amenities and of course, the developer and the township, the pricing is quite steep. The road facing 750 sqft carpet flat is at around 3.10 crs all inclusive with the completion by Sep 2020. While the pricing is slightly lower than the existing similar flats, it is not a 25-30% discount as suggested by the earlier post. My view is that the pricing is in line with the market for under construction properties adjusted for a Hiranandani powai flat. Ex. L&T, Godrej Trees etc. which are all around 2,6cr+.

    Other views please..
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  • Can someone throw light as to if the proejhct if clear from legal angles. the existing society case and issue
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  • Originally Posted by selfuse20
    While the project seems to be quite good in terms of location, amenities and of course, the developer and the township, the pricing is quite steep. The road facing 750 sqft carpet flat is at around 3.10 crs all inclusive with the completion by Sep 2020. While the pricing is slightly lower than the existing similar flats, it is not a 25-30% discount as suggested by the earlier post. My view is that the pricing is in line with the market for under construction properties adjusted for a Hiranandani powai flat. Ex. L&T, Godrej Trees etc. which are all around 2,6cr+.

    Other views please..


    Plus getting in/out of Hiranandani in peak times itself takes 30mins....really irritating...
    All said Hiranandani is Hiranandani...it has it's own charm and well maintained open spaces and community...nowhere else in Mumbai...
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    • selfuse203 years ago
      Yup agree. The chaos of the last 6-8 months was mostly due to the work near IIT which closed off one lane. With that temporarily halted, you can see the improvement. (earlier jams were right up to end of Hiranandani near S M Shetty).

      Of course, with more cars and more flats, traffic will again increase. But that's Mumbai and as you say, Hiranandani Powai is still one of the best place in Mumbai to live.
  • Originally Posted by hem_gem
    Can someone throw light as to if the project if clear from legal angles. the existing society case and issue


    The project has IOD and CC approvals in place. Plus the size/allotment (only 1 flat per immediate family) of the flats is as per the High court order and right now they can only build these flats. So, looks like legal issues are ok with this project. All the details are present in the BMC's DCR website.

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    • selfuse203 years ago
      No, this is the old go karting spot with a hill behind and open ground in front. This does not fall into the ambit of that case. In fact location was chosen as a result of that case given that they need to construct smaller flats fast. Of course somebody could file a fresh case for reasons we may not know yet...
  • thank u for the information
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  • Has anybody received information from Hiranandani on their approach to GST ? Are they going to charge the difference to existing customers, ITC etc or will they too absorb additional costs like Oberoi, Mahindra etc. This will show how customer/investor friendly this group is.

    Thanks
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