Dear friends,

Hiranandani Panvel will be launching by next week at the rate of Rs 3600 psf on builtup area.

I was reading through the new housing bill legislature passed by and was signed by Hon. VILASRAO DESHMUKH (Chief Minister) dated 23 July 2007, that builder have to sell the property on carpet area rate and not on builtup or super built up.

For those who are intrested in buying an apartment/villas/penthouse in Hiranandani panvel project please insist the builder to book on carpet area.

Here are the official link for Housing bill legislature:
http://www.maharashtra.gov.in/pdf/HPeng.pdf

Also see the very intresting article in Indian express about the (the Maharashtra Ownership of Flats Act, 1963,)
http://www.indianexpress.com/news/ol...ilt-up/366208/

This mail is just to educate investors and the individual buyers about the new option.

Regards

This mail is just to educate investors and the individual buyers about the new option.

Regards
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  • Current Price & Availability

    hi...can anyone tell me the current price and availability of apartments?

    thanks in advance...
    CommentQuote
  • Originally Posted by bhushank4
    just received slab#05 completion demand note for Aura

    cheers
    B


    Dear B,
    Seasons Greetings to you all,
    Need your advise.


      PAL has been recd by me for VENUS for my flat in HPG -Panvel.
      two issues i wants clarification & advice from your side plz.
      One is parking slot :
      I signed the booking on 07th DEC 2010,
      The Court orders have come.STILL NOW we have not given flat accommodation & possession, so whats rule for paying the parking charges?
      SO IN GENERAL WHAT ARE THE POLICY BY HPG in charging for parking slots, does it for all same?
      Also there is clause of 2 years of transfer ,and the new PAL is dated as 05/12/2011. So does these 2 years clause of not transferring property starts from the date of original booking that is from 07/12/2010 to 07/12/2012 , or starts for the date of PAL ,that is dated from 05th DEC . 2011 to 5th DEC 2013.? plz opine.

      Can u please tell us the stamp duty charges & also the registration charges how many %.
      According to me the stamp duty is 1 % ,and also the reg charges are 1 % .
      regards,
      Savvy_v;)
      Can u please tell us the stamp duty charges & also the registration charges how many %.
      According to me the stamp duty is 1 % ,and also the reg charges are 1 % .
      regards,
      Savvy_v;)
      Can u please tell us the stamp duty charges & also the registration charges how many %.
      According to me the stamp duty is 1 % ,and also the reg charges are 1 % .
      regards,
      Savvy_v;)
      Can u please tell us the stamp duty charges & also the registration charges how many %.
      According to me the stamp duty is 1 % ,and also the reg charges are 1 % .
      regards,
      Savvy_v;)
      Can u please tell us the stamp duty charges & also the registration charges how many %.
      According to me the stamp duty is 1 % ,and also the reg charges are 1 % .
      regards,
      Savvy_v;)
      Can u please tell us the stamp duty charges & also the registration charges how many %.
      According to me the stamp duty is 1 % ,and also the reg charges are 1 % .
      regards,
      Savvy_v;)
      Can u please tell us the stamp duty charges & also the registration charges how many %.
      According to me the stamp duty is 1 % ,and also the reg charges are 1 % .
      regards,
      Savvy_v;)
      Can u please tell us the stamp duty charges & also the registration charges how many %.
      According to me the stamp duty is 1 % ,and also the reg charges are 1 % .
      regards,
      Savvy_v;)
      Can u please tell us the stamp duty charges & also the registration charges how many %.
      According to me the stamp duty is 1 % ,and also the reg charges are 1 % .
      regards,
      Savvy_v;)
      Can u please tell us the stamp duty charges & also the registration charges how many %.
      According to me the stamp duty is 1 % ,and also the reg charges are 1 % .
      regards,
      Savvy_v;)
    CommentQuote
  • Originally Posted by savvy_v
    Dear B,
    Seasons Greetings to you all,
    Need your advise.
    Savvy_v;)

    hi Savvy,
    see my comments below...
    Dear B,
    Need your advise.


      PAL has been recd by me fr VENUS for my flat in HPG -Panvel....Bhushan: Congrats!!
      two issues i wants clarification & advice from your side plz.
      One is parking slot : charges levied on it 4 lacks.....
      the Court orders have come.STILL NOW we have not given flat accommodation & possession, so whats rule for paying the parking charges? plz opine on URGENT basis.
      SO IN GENERAL WHAT ARE THE POLICY BY HPG in charging for parking slots, does it for all same? Bhushan: Its the same for me but they aren't charging this money upfront, although its counted in the total sum to be paid, so I am hopeful that by the time we come to the end of the construction, there will be a definite direction on this issue by HPG.
      Also there is clause of 2 years of transfer ,and the new PAL is dated as 05/12/2011. So does these 2 years clause of not transferring property starts from the date of original booking that is from 07/12/2010 to 07/12/2012 , or starts for the date of PAL ,that is dated from 05th DEC . 2011 to 5th DEC 2013.? plz opine & advice on URGENT basis..... Bhushan: please get this point clarified by your HPG Relationship Manager.

      Also plinth shall be ready by March 2012. I am planning to register the property on our name.
      So Can u please tell us the stamp duty charges & also the registration charges how many %.

      According to me the stampt duty is 1 % ,a nd also the reg charges are 1 % . Bhushan: Registration charge is = 5%+ 1% ( total 6%) of the agreement value.
    CommentQuote
  • Hey guys ..

    I recently got my PAL for Artemis ..

    The quote, July this year, included a compulsory charge for 2 parking slots in the base price. The guy in sales said these could be rented/sold if required. So, my understanding was these were podium/slotted parking spaces.

    The PAL talks of 1 podium parking with the base price. My RM says it's 1 open podium on a first come first serve basis and 1 covered slotted podium slot. Its part of the package where everybody has paid the same cost.

    A bit annoyed with this change ..Am debating on what my next steps should be ..
    Haven't had a chance to read up on the recent ruling on the open parking ..

    Would love to hear what others's experiences have been .. Also, where could i read up on the recent ruling ..

    Savvy, to your question, i believe it should be 2 years from the date of the booking. This is what we have in the quote -
    The applicant shall not transfer/dispose of the unit for a period of 2 (Two) years from the date of booking.

    Thanks !!!
    CommentQuote
  • Originally Posted by viv_vin
    Hey guys ..

    I recently got my PAL for Artemis ..

    The quote, July this year, included a compulsory charge for 2 parking slots in the base price. The guy in sales said these could be rented/sold if required. So, my understanding was these were podium/slotted parking spaces. PARKING CANT BE SOLD BY YOU TO OTHER-PLZ NOTE

    The PAL talks of 1 podium parking with the base price. My RM says it's 1 open podium on a first come first serve basis and 1 covered slotted podium slot. Its part of the package where everybody has paid the same cost.YES ITS A PART OF PACKAGE. HAD THIS RULE CAME BEFORE OUR BOOKING PROBABLY WE WERE NOT INCLUDED FOR PARKING CHARGES.

    A bit annoyed with this change ..Am debating on what my next steps should be ..
    Haven't had a chance to read up on the recent ruling on the open parking ..

    Would love to hear what others's experiences have been .. Also, where could i read up on the recent ruling .. PLZ SEE THESE LINKS YOU CAN GET MORE IDEA:

    The Times of India on Mobile
    'Flat buyers don’t have to shell out extra for parking' - The Times of India


    Savvy, to your question, i believe it should be 2 years from the date of the booking. This is what we have in the quote - THANK U DEAR .
    The applicant shall not transfer/dispose of the unit for a period of 2 (Two) years from the date of booking.


    I hope this suffice you,cheers.
    savvy_V;)


    I hope this suffice you,cheers.
    savvy_V;)
    CommentQuote
  • Originally Posted by viv_vin
    Hey guys ..

    I recently got my PAL for Artemis ..

    The quote, July this year, included a compulsory charge for 2 parking slots in the base price. The guy in sales said these could be rented/sold if required. So, my understanding was these were podium/slotted parking spaces.

    The PAL talks of 1 podium parking with the base price. My RM says it's 1 open podium on a first come first serve basis and 1 covered slotted podium slot. Its part of the package where everybody has paid the same cost.

    A bit annoyed with this change ..Am debating on what my next steps should be ..
    Haven't had a chance to read up on the recent ruling on the open parking ..

    Would love to hear what others's experiences have been .. Also, where could i read up on the recent ruling ..

    Savvy, to your question, i believe it should be 2 years from the date of the booking. This is what we have in the quote -
    The applicant shall not transfer/dispose of the unit for a period of 2 (Two) years from the date of booking.

    Thanks !!!


    TOI NEWS LATEST:


    Dec 14, 2011, 06.12AM IST TNN

    Ravi Kukreja (name changed) received an ultimatum from his builder last month. He was asked to pay Rs 6 lakh in cash before November 30 for a parking slot in an upcoming residential building in Goregaon (W). "If I missed the deadline, the amount would increase to Rs 8 lakh from December 1," said a shocked Kukreja, who has booked a 1,700-sq-ft apartment for Rs 1.2 crore. "The builder's staff warned me they would cancel my booking by month-end and return the money. I have decided to fight it out,'' he said.
    In Khar, a developer asked Sandeep Shah to shell out Rs 5 lakh for parking. "The apartment we booked is itself Rs 45 lakh. There is no choice but to pay up,'' he said. In Vashi, another builder is charging Rs 15 lakh for a single car park.
    Residents of Mumbai and surrounding regions face daily frustration due to improper parking infrastructure. Even when the infrastructure is there, they are unfairly charged too much for it. It was no surprise then that the respondents in The Times Of India-IMRB Quality Of Life Survey rated parking facilities as poor in all eight mega-cities. Delhi's and Mumbai's facilities were considered the best, but the cities scored a poor 2.1 and 2, respectively, on a scale of 1 to 5.

    Across Mumbai, builders continue to charge flat buyers for parking slots, despite the Supreme Court ruling in 2010 that developers cannot sell parking areas as independent units.
    These areas are "common areas and facilities" for flat owners. The judgment rejected the argument of a real estate development company that it is entitled to sell garages and stilt parking as separate units to owners who want to use them for parking.


    "If a promoter does not fully disclose the common areas and facilities, he does so at his own peril," the court said. "Stilt parking spaces would not cease to be part of common areas and facilities merely because the promoter has not described the same as such in the advertisement and agreement with the flat purchaser. The promoter has no right to sell any portion of such building which is not a 'flat' within the meaning of Section 2(A-1) and the entire land and building has to be conveyed to the organization. The only right that remains with the promoter is to sell unsold flats."


    The SC passed the judgment while dismissing the appeal of promoter Nahalchand Laloochand Pvt Ltd, which challenged the Bombay high court's ruling that under the Maharashtra Ownership Flats Act a builder cannot sell parking in the stilt area as independent flats or garages.


    Since the apex court order, builders now demand cash, said advocate Vinod Sampat. "Some prominent builders ask buyers to write the cheque in the name of a loss-making company they own, but which has nothing to do with the building project,'' he said.


    Property consultant Kishore Narang said rates differ from area to area. "It could be Rs 3 to 4 lakh in Dahisar. In the Bandra-Santa Cruz belt it could be double that,'' he said. Real estate sources said stilt parking in a new building in a far-flung suburb like Borivli could be as high as Rs 7 lakh. In the Nepean Sea Road area, a closed garage in an old skyscraper could go for Rs 35 to 40 lakh. On Pedder Road, a builder quoted Rs 1.5 crore for an area demarcated for parking in a premium residential high-rise. "It is another matter that this parking area will later be used for another purpose," said a source.


    In new buildings in the Bandra-Khar region, a car slot could fetch a builder Rs 10 to Rs 15 lakh. In Nariman Point, each open-to-sky space in a good building fetches Rs 15 lakh while basement parking goes up to Rs 20 lakh. In the Bandra-Kurla Complex, some builders charge Rs 15 lakh for "stack parking''.
    Several builders, not wishing to be identified, said they can't let go of this revenue. "Either we take the money in cash or increase the price of the flat, or quote a lumpsum rate,'' one said.


    But Sampat said parking is free of Floor Space Index (FSI) and for builders to charge for something not in the FSI is unethical. A developer said they incur costs for building stilt, basement or podium parking and this has to be recovered.
    Last year, some unscrupulous builders hit upon a new plan to cash in on parking. With the connivance of BMC building proposal officials, they got plans sanctioned for parking decks on each floor and then sold the space as part of the apartment.

    However, the BMC recently stopped passing such proposals after the modus operandi was exposed by TOI.
    These areas are "common areas and facilities" for flat owners. The judgment rejected the argument of a real estate development company that it is entitled to sell garages and stilt parking as separate units to owners who want to use them for parking.


    "If a promoter does not fully disclose the common areas and facilities, he does so at his own peril," the court said. "Stilt parking spaces would not cease to be part of common areas and facilities merely because the promoter has not described the same as such in the advertisement and agreement with the flat purchaser. The promoter has no right to sell any portion of such building which is not a 'flat' within the meaning of Section 2(A-1) and the entire land and building has to be conveyed to the organization. The only right that remains with the promoter is to sell unsold flats."


    The SC passed the judgment while dismissing the appeal of promoter Nahalchand Laloochand Pvt Ltd, which challenged the Bombay high court's ruling that under the Maharashtra Ownership Flats Act a builder cannot sell parking in the stilt area as independent flats or garages.


    Since the apex court order, builders now demand cash, said advocate Vinod Sampat. "Some prominent builders ask buyers to write the cheque in the name of a loss-making company they own, but which has nothing to do with the building project,'' he said.


    Property consultant Kishore Narang said rates differ from area to area. "It could be Rs 3 to 4 lakh in Dahisar. In the Bandra-Santa Cruz belt it could be double that,'' he said. Real estate sources said stilt parking in a new building in a far-flung suburb like Borivli could be as high as Rs 7 lakh. In the Nepean Sea Road area, a closed garage in an old skyscraper could go for Rs 35 to 40 lakh. On Pedder Road, a builder quoted Rs 1.5 crore for an area demarcated for parking in a premium residential high-rise. "It is another matter that this parking area will later be used for another purpose," said a source.


    In new buildings in the Bandra-Khar region, a car slot could fetch a builder Rs 10 to Rs 15 lakh. In Nariman Point, each open-to-sky space in a good building fetches Rs 15 lakh while basement parking goes up to Rs 20 lakh. In the Bandra-Kurla Complex, some builders charge Rs 15 lakh for "stack parking''.
    Several builders, not wishing to be identified, said they can't let go of this revenue. "Either we take the money in cash or increase the price of the flat, or quote a lumpsum rate,'' one said.


    But Sampat said parking is free of Floor Space Index (FSI) and for builders to charge for something not in the FSI is unethical. A developer said they incur costs for building stilt, basement or podium parking and this has to be recovered.
    Last year, some unscrupulous builders hit upon a new plan to cash in on parking. With the connivance of BMC building proposal officials, they got plans sanctioned for parking decks on each floor and then sold the space as part of the apartment.

    However, the BMC recently stopped passing such proposals after the modus operandi was exposed by TOI.
    CommentQuote
  • Thanks savy ..
    Spoke to them .. we'll have this figured out by next week ..

    HPG investors .. check out the latest from Hirco Chennai .. Panvel is supposed to be on similar lines ..
    Hirco HPG Chennai Construction update video September 2011 - YouTube

    Enjoy!!!
    CommentQuote
  • Received demand note for slab -8 for Aura.

    Merry Christmas and very Happy New Year to all
    CommentQuote
  • Season's Greetings to All

    Hi Boarders,
    Merry Christmas and very Happy New Year 2012,

    Regards,
    CommentQuote
  • Hiranandani Palace Garden-New bookings

    Dear Friends.. I joined this forum today and am amzed at the kind of information available in the forum. I heard that Hiranandani Panvel is launching new towers. Is anybody aware of the rates being offered. Are Hiranandani rates negotiable? ..Appreciate your views
    CommentQuote
  • Originally Posted by binserreal
    Dear Friends.. I joined this forum today and am amzed at the kind of information available in the forum. I heard that Hiranandani Panvel is launching new towers. Is anybody aware of the rates being offered. Are Hiranandani rates negotiable? ..Appreciate your views


    Don't know about the launching of new towers. Its probably impossible to get their rates negotiated if you go individually. But I have seen advertisements on group buying website - Groffer(dot)com offering much lower rates than the current rates.
    CommentQuote
  • received DN for Slab#09, Aura

    Received demand note for slab#9 for Aura.

    Happy New Year to all!!

    cheers
    B
    CommentQuote
  • i did get a sales email on a new tower launch this week .. Selene ..

    Looked like these were 3 bedroom units with saleable area of around 2200 .

    Enjoy !!!
    CommentQuote
  • Selene price....is it worth??

    Hi,

    What is offered rate for selne....and completion date...how u see its appreciation??
    CommentQuote
  • some1 pls say whats the rate of selne as said its new buildng ...?
    CommentQuote