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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  • They were at 4100 + 41 floor rise earlier .. Wouldn't hurt to talk to them to see if it has been revised and what the best deals would be ..

    Enjoy !!!
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  • HIRCO finally announces The LAUNCH of it’s PREMIUM 3BHK APARTMENTS
    At HIRANANDANI PALACE GARDENS, PANVEL.



    Building Name
    SELENE

    Flat Type
    3 BHK

    Saleable Area
    2203/2210

    Price (INR)

    4200 /Sq. Ft.
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  • Dear Friends thanks for your responses on this. What is your views on investing in Selele at Rs 4200 Psf + 42 floor rise. HIRCO has opened only a limited number of apartments. I am not sure if they always do this way or something special in Selele. I would have guessed if they are launching a twoer they will launch all floors and not selected floors. Any ideas from senior members
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  • Received demand note for Slab # 10 at Aura.
    Cheers!
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  • They are charging a resale price of 2%, then it will be around 4100.
    I am waiting for 3800?
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  • 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.
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  • 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
    CommentQuote
  • 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!
    CommentQuote
  • HPG Pictures - 5 February 2012

    HPG Pictures from Express Highway!
    Enjoy,
    Attachments:
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  • 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
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  • 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
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  • 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
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  • 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
    CommentQuote
  • 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...
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  • Thanks
    CommentQuote