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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  • Flora launched at 5000 per square feet 50 floor rise...in palace gardens Panvel only 28 units!!!
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  • Wat about Phase II Construction.....any update on that?
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  • Friends ..Is this price of 5000 + 50 floor rise justified for a place like Panvel? Would like to see comments from veterans.. Airport approval seems to be in doldrums still ..
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  • Originally Posted by malkotia
    Friends ..Is this price of 5000 + 50 floor rise justified for a place like Panvel? Would like to see comments from veterans.. Airport approval seems to be in doldrums still ..

    Average rate across Mumbai is 12 k-15k Panvel is 45 mins and with traffic 1.5 hours away and delivery of new bld is 5 years away ... 5k justifies hirco and offcourse we Indians have the aspirations and population for good life style!!!!!
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  • hi

    Originally Posted by malkotia
    Friends ..Is this price of 5000 + 50 floor rise justified for a place like Panvel? Would like to see comments from veterans.. Airport approval seems to be in doldrums still ..



    better to buy in thane ghodbunder rate aroun 7000 for u/c
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  • BETTER LIFESTYLE U HAVE TO PAY MORE.
    After all u paying for construction quality, and quality of life, and not only to flats...


    The Ten Golden Rules on Living the Good Life


    Plz read.
    http://www.forbes.com/sites/panosmourdoukoutas/2012/01/14/the-ten-golden-rules-on-living-the-good-life/
    savvy_v :)
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  • First look: Rs 4,300-crore Versova-Bandra Sea Link



    First look: Rs 4,300-crore Versova-Bandra Sea Link, News - City - Mumbai Mirror

    Hope MUMBAI LOOKW ILL CHANGE..
    savvy_v :)
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  • AIR PORT NEWS; SAD NEWS{ GETTING DELAYED}.
    Yet another clearance needed for Navi Mumbai airport - Hindustan Times

    Yet another clearance needed for Navi Mumbai airport

    As per Supreme Court orders, any project within a 10-km radius of a protected area requires clearance from the wildlife board. The Navi Mumbai airport is located 9.5km from the Karnala Bird Sanctuary. The city and industrial development corporation (CIDCO), in the Navi Mumbai airport environment impact assessment report, had incorrectly stated that the project was outside the 10-km radius of a protected area. The state forest department pointed out this incorrect information in March last year after which CIDCO approached the wildlife board.
    The state wildlife board made four crucial recommendations while forwarding the proposal. The members have asked for a provision of Rs2 crore a year for 10 years to conserve protected areas around the airport and Rs400 crore for environment protection.
    "We have also asked for the appointment of an additional principal conservator of forests on the environment monitoring committee of the Navi Mumbai airport project and also recommended that mitigation and project impact studies be carried out during the project work and after it is operational," said SWH Naqvi, principal chief conservator of forests (wildlife), Maharashtra.
    According to the on-going Avian Fauna study of the 10-km radius of the Navi Mumbai airport site by Bombay Natural History Society (BNHS), the area is home to 213 bird species.
    "Various projects coming up around the Karnala bird sanctuary would definitely have an impact on the ecology of birds," said Sujit Narwade, scientist, BNHS and author of the Avian Fauna study
    Navi Mumbai airport project received environmental clearance in November 2010, but it is yet to receive clearance under the Forest Conservation Act, 1980 to clear 108.50 hectares of mangroves.


    savvy_v :)
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  • Navi Mumbai airport may drill a bigger hole in your pocket



    If you were miffed by the high airport development fee charged at the New Delhi airport, here’s another bit of bad news: The user development fee at the proposed Navi Mumbai International Airport is likely to be as high as Rs 4,500 per ticket as delays in execution have inflated the project cost significantly, reports the Economic Times.
    The airport, proposed at Ulve in Navi Mumbai, is expected to handle passenger capacity of 25 lakh and reduce the burden on Mumbai’s Chhatrapati Shivaji International Airport, which handles 600 flights everyday.
    .

    The fist phase of the airport was expected to be operational by the end of 2014. Reuters

    Various experts have already stated time and again that inordinate delays in land acquisition, securing clearances and cost escalations could delay the take-off of the proposed airport by at least two tears. The fist phase of the airport was expected to be operational by the end of 2014.
    The Centre for Asia Pacific Aviation (CAPA) has claimed the delay due to negotiations over the fair market price for the required land for the airport may increase the cost of land acquisition to $1 billion by 2018 , reported DNA in September 2012.
    And it is precisely this reason that the project is likely to be operational only by 2017-18 even though the existing airport is touted to reach its optimum capacity of 40 million passengers by 2014.
    However, here too the crux of the problem is land and political considerations. Although the project received environmental clearance way back in November 2010, it has been stuck due to land acquisition problems and compensation issues.
    Even the farmers who own the land know real estate here is a gold mine. This is because the locals are certain that portions of the land being acquired under the project will be used for other projects too.
    While they stand to lose 450 hectares for the project, they want at least 35-40 percent returned as developed land against the state government’s proposal of 12.5 percent or up to 15 percent developed land, plus monetary compensation of Rs 10 lakh a hectare.
    In December Nationalist Congress Party chief Sharad Pawar had announced that the project affected persons will get four times the compensation that had been offered to them post the approval of the land acquisition bill in the Lok Sabha. However, now that the Bill has been deferred until the Budget Session, Cido, the nodal agency for implementing the project, will get ample time to speed up land acquisition before the bill becomes a law and inflates cost further.
    But if the package is still not approved before the Budget Sessions, the rehabilitation cost to Rs 20,000 crore post the Bill’s clearance. According to this Indian Express report, CIDCO needs to shift around 3,000 families from 10 hamlets to acquire 424 hectares. The previous estimates pegged the rehab cost at Rs 1800-2000 crore. The new law is likely to increase it to Rs 20,000 crore .
    And naturally, it’s not the state government but the common man who will have to bear this additional burden.

    Already the government’s move to charge an Airport Development Fee of Rs 200 for domestic passengers and Rs 1,200 for international ones did not go down well with people in NCR. After major protest, the ADF was halved in both instances rather than scrapped since the developer had overshot the original cost estimates and needed recovery for the gap in funding.
    According to the ET report, the Navi Mumbai airport costs have been escalating by around 10 percent every year, which is why bringing down this high UDF of Rs 4,500 will be a tough task for the government.
    . The fist phase of the airport was expected to be operational by the end of 2014.
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  • Govt to gift Ambani SEZ with separate policy????




    Govt to gift Ambani SEZ with separate policy - Mumbai - DNA


    The state government has decided to come up with the separate policy for the Mukesh Ambani’s special economic zone (SEZ) located at Ulwe, Navi Mumbai. “The government has decided to frame a separate policy for Ambani which will be declared shortly,” Bhushan Gagrani, CEO Maharashtra Industrial Development Corporation (MIDC), told DNA.
    Chief minister Prithviraj Chavan and industrial minister Narayan Rane had revealed a new industrial policy on January 2 which allows corporate firms to use 40% of their total area of SEZ for the construction and sale of houses and commercial shops. Under this, 35,000 acres of land will be eligible for the construction of houses across the state. The policy however will not be applicable for the Ambani owned SEZ in Navi Mumbai.
    According to sources, Mukesh Ambani, his close aid Anand Jain and Reliance Industries, owns nearly 7,500 acres of land acquired under SEZ across the state. In Navi Mumbai and Raigad, Ambani has got almost 3,500 acres of land which is close to proposed Mumbai Trans Harbour Sea Link (MTHL) and Navi Mumbai international airport. “The current property rate in localities near the Ambani SEZ is between Rs3,000- Rs5,000 per sqft. The government may open 40% of the land for the housing and commercial purpose,” said real estate experts from Navi Mumbai. “Government is testing the mood of the people with this new industrial policy. If there is not much opposition then they may allow Ambani to use 50-60% of land for construction of houses. The reasons given will be scarcity of houses and a need to ease skyrocketing housing prices,” revealed senior government officials, on the condition of anonymity.
    Ulka Mahajan, the anti-SEZ activist is not surprised with the government’s decision to create a separate policy for Ambani. “While acquiring the land, the government had given him extension thrice. “During last extension, he had crossed the deadline still he was allowed to acquire the land by extending deadline in 2008. Even, initially, his SEZ website was named as the Ambani Desh. So, it is obvious that there should be separate for policy for him and his separate Desh,” she said.
    “Government may tweak the policy and change the rules for Ambani, but the locals will not sell themselves to Ambani,” Mahajan said.
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  • Dear all
    Great thread and fantastic people.

    I'm looking for 3 BHK apartment in panvel area. My budget is approx 1 Crore.
    Zeroing on Indiabulls, Hiranandani or kalptaru.

    Any information / suggestion will be highly appreciated.

    Thanks in advance
    Regards
    CommentQuote
  • Originally Posted by bh2000
    Dear all
    Great thread and fantastic people.

    I'm looking for 3 BHK apartment in panvel area. My budget is approx 1 Crore.
    Zeroing on Indiabulls, Hiranandani or kalptaru.

    Any information / suggestion will be highly appreciated.

    Thanks in advance
    Regards


    Hi bh
    Plz see all issues of all developers quoted by you.

    Also read these points mentioned below. before u commit some property.
    Taken FROM NET just to Guide u.

    VERIFY before closing the deal following facts .

    1 Do an honest-to-goodness reality check. Will your resources allow you to maintain a monthly amortization? Look into your source of income, whether you can afford to pay equity and the monthly installments.
    “We have seen many cases of overseas workers who bought presenting properties but could no longer maintain the monthly amortization even before the house and lot or condominium was turned over because their contracts abroad were not renewed,”

    2 Check if the broker/agent is registered with the MUMBAI DEVELOPERS and especially ensure that the property being eyed has not been sold to other buyers.

    3 Make sure that the developer has a License to Sell for the particular project. Ask the seller or broker/agent of the developer if the project is registered and has a license to sell issued by BMC/NMM

    This can be verified in the website BANM - Builders Association of NaviMumbai - Home

    4 Personally visit the site, where the house and lot or condo unit to be purchased is located. Check if the materials of the house or condo unit conform with the development standards and approved construction specifications submitted to NORMS

    5 If the project has a License to Sell, you may already enter into a contract to sell with the owner/developer. However, there are things which must be checked before signing the contract:
    • The date of completion of the project as indicated in the License to Sell;
    • If the property can be rentable

    • The facilities and amenities represented in the advertisement flyers/brochures are in accordance with the approved subdivision and condominium plan on file with NORMS

    • Don’t sign any blank form of the CTS.
    • Read thoroughly all the contents of the CTS, especially the terms and conditions in fine print.
    • Secure a copy of the CTS and all other documents that you signed.
    • Make sure that the CTS would be registered by the owner/developer to the Register of Deeds.
    • Pay directly to the owner/developer or the marketing agent authorized by said owner/developer;
    • Ask official receipts on all payments for your file.
    hope this suffice u at the moment.
    savvy_v:)
    CommentQuote
  • Thaks savvy
    Thats why I am going for reputed builder. Hirco is good but my budget is around 1 crore for a 3 BHK. ( dont know why hirco launched 2400, carpet area 3 BHK ). As you rightly said, don't want to overstretched myself. Indiabulls is another option. What do you say ?

    Originally Posted by savvy_v
    Hi bh
    Plz see all issues of all developers quoted by you.

    Also read these points mentioned below. before u commit some property.
    Taken FROM NET just to Guide u.

    VERIFY before closing the deal following facts .

    1 Do an honest-to-goodness reality check. Will your resources allow you to maintain a monthly amortization? Look into your source of income, whether you can afford to pay equity and the monthly installments.
    “We have seen many cases of overseas workers who bought presenting properties but could no longer maintain the monthly amortization even before the house and lot or condominium was turned over because their contracts abroad were not renewed,”

    2 Check if the broker/agent is registered with the MUMBAI DEVELOPERS and especially ensure that the property being eyed has not been sold to other buyers.

    3 Make sure that the developer has a License to Sell for the particular project. Ask the seller or broker/agent of the developer if the project is registered and has a license to sell issued by BMC/NMM

    This can be verified in the website BANM - Builders Association of NaviMumbai - Home

    4 Personally visit the site, where the house and lot or condo unit to be purchased is located. Check if the materials of the house or condo unit conform with the development standards and approved construction specifications submitted to NORMS

    5 If the project has a License to Sell, you may already enter into a contract to sell with the owner/developer. However, there are things which must be checked before signing the contract:
    • The date of completion of the project as indicated in the License to Sell;
    • If the property can be rentable

    • The facilities and amenities represented in the advertisement flyers/brochures are in accordance with the approved subdivision and condominium plan on file with NORMS

    • Don’t sign any blank form of the CTS.
    • Read thoroughly all the contents of the CTS, especially the terms and conditions in fine print.
    • Secure a copy of the CTS and all other documents that you signed.
    • Make sure that the CTS would be registered by the owner/developer to the Register of Deeds.
    • Pay directly to the owner/developer or the marketing agent authorized by said owner/developer;
    • Ask official receipts on all payments for your file.
    hope this suffice u at the moment.
    savvy_v:)
    CommentQuote
  • addendum - 2400 is the saleable area... carpet area around 1650
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