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Palace Garden, Hirco Group, Panvel, Mumbai

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Palace Garden, Hirco Group, Panvel, Mumbai

Last updated: July 11 2017
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  • Re : Palace Garden, Hirco Group, Panvel, Mumbai

    Originally posted by wadia View Post
    Hi Bhushan,

    There are two ways of calulating loading:
    (Many people in this forum use the second method)

    Builder Method:
    Quote:"Loading - percentage of area in saleable area that is not carpet area."
    [(100-(1086/1499*100)] = 28%


    Proper method:
    As per your earlier definition: Quote:"Loading - percentage of area added to carpet area to reach saleable area."
    [((1499-1086)/1086)*100] = 38%

    Not that I am saying that IB or any other builder is any better but I just wanted to make sure that people do not misinterprret your 28%
    Dear Wadia

    thx for the interesting info

    Regards
    Bhushan

    Comment


    • Re : Palace Garden, Hirco Group, Panvel, Mumbai

      Hello Boarders,
      I was wondering or hoping to know more technical specifications just like "Loading" concept to be taken into consideration while purchasing a new appt. Would appreciate if the boarders can help list them down in the point form. Thnx.
      AmateurREInvestor,

      Comment


      • Re : Palace Garden, Hirco Group, Panvel, Mumbai

        I will say:
        The important parameters to compare the projects are:
        • Total Flat Cost
        • Carpet Area
        • Floor Map
        • Master Layout
        • Amenities
        • Location
        • Clearances
        • Builder & Quality
        • Possession Date

        in no particular order

        Some people say that there are three important parameters:
        Location, Location and Location.

        But in this really murky business, you have to take into account other parameters.

        Hope u have a smooth boarding experience on this RE virar fast local.
        Last edited May 26 2010, 05:59 PM.

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        • Re : Palace Garden, Hirco Group, Panvel, Mumbai

          My priority will be in this order:
          1. Cost Per Sq. Ft.
          2. Builder Reputation
          3. Location of project
          4. Clearance Certificates
          5. Loading Percentage
          6. Carpet Area
          7. Amentities Available
          8. Charges for Amenties
          9. Total Flat Cost
          10. Floor Plan
          11. Master Plan
          12. Possession Date
          Originally posted by wadia View Post
          I will say:
          The important parameters to compare the projects are:
          • Total Flat Cost
          • Carpet Area
          • Floor Map
          • Master Layout
          • Amenities
          • Location
          • Clearances
          • Builder & Quality
          • Possession Date
          in no particular order

          Comment


          • Re : Palace Garden, Hirco Group, Panvel, Mumbai

            Originally posted by chikkoo View Post
            My priority will be in this order:
            1. Cost Per Sq. Ft.
            2. Builder Reputation
            3. Location of project
            4. Clearance Certificates
            5. Loading Percentage
            6. Carpet Area
            7. Amentities Available
            8. Charges for Amenties
            9. Total Flat Cost
            10. Floor Plan
            11. Master Plan
            12. Possession Date
            chickko cost per sqft is deceptive. "Total flat cost + carpet area + amenities" is a better measure.
            If you make cost per sqft as highest priority then keep loading also at 1st priority along with it.

            The whole argument was builder loading irrespective of amenities. Best example is Mantri park in goregaon east, it sells at 6800 psf with 45% loading.

            Comment


            • Re : Palace Garden, Hirco Group, Panvel, Mumbai

              Originally posted by wadia View Post
              Best example is Mantri park in goregaon east, it sells at 6800 psf with 45% loading.

              Aila... 45% loading??? inlok tu lungutta bhi uttaar dhenge bhai... bhaago

              Comment


              • Re : Palace Garden, Hirco Group, Panvel, Mumbai

                thnx all for the specifications listed !

                Comment


                • Re : Palace Garden, Hirco Group, Panvel, Mumbai

                  has anyone booked flats in Palace Garden

                  has anyone booked flats in Palace Garden if so

                  can you guys answer some of my queries

                  how is the quality of construction
                  are all the walls RCC
                  are the fixtures top grade
                  is the project on schedule and be completed on schedule

                  Comment


                  • Re : Palace Garden, Hirco Group, Panvel, Mumbai

                    Contrasting Experiences

                    Hirco Palace Gardens, Panvel:
                    Soft launched Area of 2.5BHK flat as shown to me while booking a flat in Feb'09 =1608sqft.
                    Area of the above flat finalized with an allotment letter in Feb'10 = 1499sqft.
                    The internal layout of the flat remains the same leading to a considerable decrease in loading percentage and increase in carpet area.

                    IB Greens, Panvel:
                    Soft launched Area of 3BHK flat as shown to me while booking a flat in Oct'09 =1407sqft.
                    Since Oct'09 the area has been revised not once not twice but three times till date and the latest area floated on their website i.e. in July'10 = 1673sqft.
                    The internal layout of the flat has also been revised but the estimated gain in Carpet area is only about 100sqft against the 266sqft increase in the Super Builtup area leading to a considerable increase in loading percentage. I am not even sure whether the latest revision in 3BHK area as shown on the IB website is the final one since there has been neither an allotment letter nor agreement.

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                    • Re : Palace Garden, Hirco Group, Panvel, Mumbai

                      Originally posted by bhushank4 View Post
                      Hirco Palace Gardens, Panvel:
                      Soft launched Area of 2.5BHK flat as shown to me while booking a flat in Feb'09 =1608sqft.
                      Area of the above flat finalized with an allotment letter in Feb'10 = 1499sqft.
                      The internal layout of the flat remains the same leading to a considerable decrease in loading percentage and increase in carpet area.
                      In Sep 2009 when I contacted HIRCO the area was 1499, which is same as of now, with around 30% reduction for carpet area, so we CANNOT say there is increase in carpet area. But what is sure is that they have a clear idea of what they are constructiing unlike IB Greens.

                      Other 2 impt points about HIRCO are it is on LEASEHOLD for 99 years and it is in Rasayani, which is an obvious GAS CHAMBER as all the big industries are there. It is not supposed to be a residential area, but a real industrial area.

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