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
Read more
Reply
1733 Replies
Sort by :Filter by :
  • Originally Posted by malkotia
    Humour,

    full form of HIRCO ...Savvy might come to the rescue ..


    Well,
    For viewers & forum friends,

    Hirco;

    HIRCO; HIRANANDANI CONSTRUCTION
    Hirco PLC is one of India’s largest real estate investment companies. The company was formed in 2006 to co-invest in large scale mixed-use township developments in suburban areas outside city centres in India. These townships will be predominately residential and provide high quality affordable housing for India’s growing young and affluent working population. They are building on the legacy of the Hiranandani Group’s mixed use township model successfully developed over the last 25 years.
    Hirco is listed on the London Stock Exchange AIM market. At the time of its admission to trading, Hirco was the largest ever real estate investment company IPO on AIM and the largest AIM IPO in 2006.
    Hirco's ticker is HRCO.




    There are many realator who attract buyer by FOOLING ..Dont get trapped on this following ADD by people who will make people fool.....;)


    savvy_v:)
    CommentQuote
  • Originally Posted by malkotia
    Kalbinder, Sorry I don't know where to read private messages.


    Well MALKOTIA,
    Welcome as new forum end user friend...

    U can read PVT messages...

    Just follow following steps;
    On top of IREF TABS are there ,like HOME, NEWS, USER CP....
    click to User CP

    Then on left side, u will see PRIVATE MESSAGE, click & open & view...

    Like this QUOTE:
    Dont Walk Behind me; I am not LEAD, Dont walk in front of me; I may not follow. Just walk beside me & be my friend.



    I hope this suffice u.
    savvy_v:)
    CommentQuote
  • Originally Posted by p_satiani
    If people have doubts over HPG Panvel, I would sincerely request people to read about horror stories of people invested in Indiabulls Panvel. You would change your opinion. And if that does not, then I would give you a free advice in this not so free world - EXIT from HPG Panvel and dont look back.

    Prakash



    Hi P Santiani,HUMOUR REAL, and all IREF FRIENDS...
    COOL DOWN....


    Positive & negative discussion will encourage people subject to use of correct & polite words.

    Forum Rules - Updated 15th December, 2011
    Personal Feuds - Zero Tolerance Policy

    A personal feud can be defined as an ongoing, largely personal rather than issue-driven, reciprocal hostility between two members, or among three or more members in groups, whatever you wish to identify, wherein the primary focus is a flame war intended to undermine forum member reputations, and not to advance arguments on policy, philosophy, politics or other primary interests of our forum.

    Quote:
    Our Admins and moderators are not here to cast blame or choose sides. We can't be expected to research the pros and cons of your personal arguments with one another. We prefer that forum reputation be based on your commentary and dialogue on the issues of importance to all of us.
    No Buying/Selling Solicitations: IREF is a NOT meant for buying or selling real estate. Advertisements, solicitations for real estate services or business are strictly prohibited in threads/posts or Private Message Boards.

    1. GENERAL FORUM ETIQUETTE

    English Only
    IndianRealEstateForum (IREF) is an English-only forum. All content posted in publicly viewable areas of the forum must be written in English.

    A few members are using “Hindi’ and ‘Hinglish’ on our forums. Please limit their use as we would like to maintain a consistent language across our board.

    Search Before Posting
    If you have a question, please use the forum search function before posting to make sure that it hasn't been answered before. There is a big chance it has, not only does searching help to keep the forum free of multiple/duplicate threads it will also help you to get an answer much quicker.

    Insults/Flaming
    IREF was put together for people to come together and help each other, collaborate and discuss in a positive way – not bash on someone because you don't like their idea, or because they don't share the same views as you. We are big into the free speech idea here. So you're free to say what you think – but do it in a constructive and positive way. We encourage mature debates – discourage childish arguments. Personal attacks, insults, rudeness, racism, threats, name calling or unnecessarily inflammatory posts will NOT be tolerated. Common courtesy, politeness and respect for fellow members, along with constructive posting of opinions are essential in preventing posts from being edited and/or deleted, or having threads locked. Whilst we encourage healthy disagreement/debate, please maintain respect towards fellow members at all times.

    Personal Information
    Do not post personal information, such as full names, email addresses, numbers, or home/business name/addresses on the forum. If you feel the need to disclose this information, do it in a private message. Posts containing personal information will be deleted. Revealing real world information about a member, administrator or moderator is STRICTLY PROHIBITED, regardless of the source, public or private. This includes any information about a forum member that reveals an individual's legal name, address, occupation or other sensitive or personally identifiable information.

    Private Communication
    Posting the content from a private communication in a publicly viewable area of IREF is NOT permitted. Private communications include any medium where the involved parties have a reasonable expectation of privacy, such as: emails, chat logs, instant messenger logs, private messages, private social group posts, reputation comments, etc. Such private communications are to remain private, not shared with third parties. Any such private communication content posted will be removed.

    Use of Private Message Board by Agents/Brokers
    IREF has no reservations with real estate agents/brokers signing up on the forum. Their participation is welcome providing they stay within the realm of the forum rules. While brokers may not be engaging in direct buying & selling, some might try to influence members through biased postings on projects of their choice and convince members to discuss their requirements through the PMB (Private Message Board). In case you are doubtful of such members who are using IREF for soliciting leads, please inform us. While reporting, please include the username, their URL’s/Posts/PMB Messages and other plausible reasons to support your suspicion. We will ALSO take action against members who send ‘Private Messages’ to buy, sell or negotiate real estate deals.

    Shouting, Caps Lock, Overuse of Bold and Coloured Text
    You may NOT shout (all capital letters, and/or excessive punctuation) in posts or thread titles. Use caps and punctuation only for minimal emphasis. We discourage unnecessary use of caps lock writing, overuse of bold and coloured text and keeping the post clean and simple.

    Excessive Complaining
    Excessive complaining and/or whining disrupts the mission of IREF and interferes with the ability of other members and visitors to enjoy their visit to the forum, and is therefore NOT permitted.

    Links/Solicitation
    Advertising goods or services related or unrelated to Real Estate, posting of affiliate or referral links, or any other form of solicitation is NOT permitted (this includes member profiles or any other publicly viewable area). Links on first post (or first couple if you're being slick) to your own site: If it's a competing website, not okay. If it's a blog entry you're referring to, that's alright. Bottom line - Don't come here to pimp your site – come here to be a member. Links to your own site, in general: Sorry. Not Allowed.

    Illegal Content
    Any discussion of, or links to web sites promoting piracy, warez, illegal downloads, cracks, cd keys, illegal file-sharing, pornography, illegal drugs, or any other illegal or similar content WILL BE DELETED without notice. Such discussions and links are totally inappropriate on IndianRealEstateForum (IREF)

    Administrator/Moderator Criticism
    Criticism of IREF rules, or Forum Staff implementation of these forum rules is NOT permitted in any publicly viewable area of the forum. Such content WILL BE DELETED without notice. Be respectful of Admins and Moderators even if you disagree with particular decisions. Their time is dedicated voluntarily to keeping IREF Forum a happy place. If you disagree with how the forum is being moderated or administered, please contact the admin on admin(at)iref.in

    Word Filter Circumvention
    Certain offensive words, terms or links are automatically filtered by the forum. Any attempts to circumvent the automated forum word filter (such as by adding spaces/dots/punctuation, using colors or text markups, or by substituting characters) will result in the offending content being edited or deleted.

    Changes in Thread Title, Description etc
    Thread title Changes, poll option edits, Social Group title and description changes, and moving threads: You may contact the moderators for these, or click the "Report Post" button on the post you need modified and request it that way.

    2. MEMBERSHIP AND MEMBER ACCOUNTS

    Single Account (Strictly no Multiple ID’s)
    You may only have ONE account on IndianRealEstateForum (IREF). Creating a second (or more) account will most likely get all - including your original - accounts banned. People usually do this for less than desirable purposes, which may include but aren't limited to:

    -Have an alter ego to say how they really feel
    -Gain numbers in arguments
    -Spam
    -Just plain create trouble

    Deleting your current account and creating a new one to start "fresh" is also not permitted. Staff needs your history to make the best decisions, and wiping the slate clean makes fair moderation impossible. If there is a reason other than this that you need to delete/remake an account, please contact us. If you would like to have your username changed - let us know.

    Banned Members
    Permanently or temporarily banned members may NOT create new accounts in order to circumvent or dispute their ban. Such accounts will also be banned. Temporarily Banned members found creating duplicate accounts will find their ban extended significantly (or permanently), and may risk having their IP address blocked. If you wish to contact the forum staff to discuss a ban, please contact us.

    Member Names
    Member names may NOT contain any offensive, racist, ually explicit, profane, abusive or otherwise objectionable terms. Also, you may NOT use a confusing or intentionally misleading member name or a member name that is confusingly similar to that of an existing member, administrator or moderator. To ensure that your ‘account’ is approved, please AVOID using a GENERIC ‘username’ such as ‘homebuyer’, ‘gurgaoninvestor’, ‘genuinebuyer’, ‘househunter’, ‘realtyman’, ‘want2buy’, 'flathunt’, ‘realestateguy’, ‘investinpune’ and so on. Also, signing up a user name that is an obvious domain name or product name is not permitted. This is out of unfair promotion considerations as well as trademark implications.

    3. DISCUSSION AND POSTING

    Spamming/Flooding/Trolling
    The following are NOT permitted:
    Spamming - Posting the same thread in multiple forums, or posting the same post in multiple threads, or sending unsolicited private messages to members.
    Flooding - Posting many times in succession in a single thread.
    Trolling - Constant harassment of a member, or repeated off-topic and/or rude posts in a thread.
    Depending on severity, content in violation of this rule will be edited or deleted, and may result in a ban.

    Off Topic
    Please make every effort to keep your posts relevant to the active thread topic. Detours usually take a thread wildly off topic, and invite others to do the same. Off topic posts (and any responses to such posts) may be deleted without notice.

    Thread Location
    Please make an effort to post new threads in the appropriate forum or subforum. Posting threads in the proper section makes the forum easier to browse for all members and visitors, and reduces the workload for our volunteer moderators and administrators. If you are unsure where to post a new thread, please take the time to read the forum descriptions in order to familiarize yourself with the focus of the various available forums and subforums. Threads posted in an inappropriate forum will be moved/removed without notice.

    Crossposting
    You may NOT crosspost (creating redundant threads that link to or promote an existing thread for the purpose of gaining extra visibility). Such threads will be closed or deleted without notice.

    Necroposting
    Pointlessly bumping of dormant, inactive threads causes confusion for other members and visitors who may not notice the original thread post date. A thread is considered inactive if there have been no replies in the last four (4) months. Posting in an inactive thread is strongly discouraged, unless there is a very good reason for reactivating the thread. If you feel an issue or topic from an inactive thread deserves renewed discussion, please create a new thread in the appropriate forum or subforum.

    Quitting/Leaving
    Any threads or posts about leaving IndianRealEstateForum (IREF), such as “I’m Quitting” whether for positive or negative reasons will be deleted without notice. If you any issues, please contact the admin on admin(at)iref.in

    Posting for Banned Members
    Members are NOT permitted to post on behalf of any member permanently or temporarily banned from IndianRealEstateForum (IREF). Similarly, members are NOT permitted to allow any banned member to use their IndianRealEstateForum (IREF) account to circumvent a ban.

    Additional Rules
    While the above rules cover most common situations, they cannot anticipate all circumstances. Consequently, the Forum Staff reserves the right to take any actions deemed appropriate to uphold the Mission of IndianRealEstateForum (IREF), to ensure that the forum is not disrupted or abused in any way, or to protect IndianRealEstateForum (IREF) Staff and members from fraud, harassment or abuse.

    Please be aware that it is impossible for the Forum Staff to review all content posted on IndianRealEstateForum (IREF). The Forum Staff does its best to keep discussions positive, on topic and polite, and to enforce the forum rules fairly and consistently.

    We encourage members to help us in this effort by contacting us whenever one feels a post is offensive, inappropriate or violates these rules. This will enter the offending post into the moderation queue, and will result in quicker attention from the Forum Staff. For other content that may be in violation of these forum rules or otherwise objectionable, please email us on admin(at)iref.in

    IREF staff reserves the right to edit, delete, alter or remove any content that violates these forum rules or the IndianRealEstateForum (IREF) Terms of Service with or without notice. The Forum Staff also reserves the right to restrict the permissions or ability of any member to access any or all parts of IndianRealEstateForum (IREF).com for violation of these forum rules or for any other reason.

    The more general right to refuse access, ban a user, block an IP address, or otherwise restrict the functionality of IndianRealEstateForum (IREF).com content or services in any way and for any reason is reserved by the IndianRealEstateForum (IREF) administrators.

    Circumstances and situations may arise that periodically require a revision of these forum rules. As such, IndianRealEstateForum (IREF) administrators reserve the right to modify and/or expand the official rules of this forum at any time. We encourage you to periodically visit this page to advise yourself of the latest rules.

    The Forum Staff shall be the sole and final arbitrators of what does or does not violate these rules and/or IndianRealEstateForum (IREF) community standards.

    The decisions of the Forum Administrators/Moderators are final.

    These forum rules are supplemental to the following:

    Terms & Conditions of IREF Use

    Copyright Infringement Policy


    THANKS


    savvy_v:)
    CommentQuote
  • Well Savvy_v just want to correct you....HIRCO stands for "Hiranandani Infrastructure & Real Estate Company".
    HIRCO PLC is an investment arm which invests in to Real Estate projects in india.
    HIRCO is promoted by Priya Hiranandani Vandrevala and Cyrus Vandrevala.
    All the Projects of HIRCO are managed in india by "HDPL" which stands for "HIRCO Developments Private Limited".

    This is the same company whose office is in Olympia Building 2nd floor.

    Their Panvel project is an SEZ cum Township in the name of "Sunny Vista Realtors Pvt. Ltd."

    You guys must have seen this name in the Quotation that you received after Blocking the flat.

    Hope this helps.
    CommentQuote
  • If not increase For the next 7 years rates will not fall in indian realty especially mumbai...world wide inflation etc and Indian inflation are not the same...construction cost etc will be inflated for the next 7 years...Panvel will give every one good returns especially hirco...family feud or not , delay is good for investors....banks are lending ....so 1 cr 1.5 cr is no big deal for an apartment in hirco...once the 1 st phase is over with a super market... 2nd phase is gonna fly at 7000 per sq.feet if not more..(just in another 15 months)watch out...I am happy booked into Selene even if is not built for the next 15 months...thank god I am not with IB which I nearly signed....if the airport comes or not that is another story....
    CommentQuote
  • It will take at least 2-3 years for that project to command a rate of Rs 7K.....as per the current trend HIRCO is finding it difficult to sell their new building Flora @5K.....everything depends upon the kind of social infrastructure that will be in place and how commercial development shapes up
    CommentQuote
  • Flora is being sold in USA to a decent response from what I am given to understand,since they are big space and the ticket size is 2 bhk in mumbai especially ,it will pick up...higher floors are 6300 starting thus the delay?nevertheless we WILL LOOK AT 7K IN ONCE 1 PHASE IS DELIVEREED THAT IS IN MID 2014... So at 7 k I am looking at Selene with notional gross profit at 7-5.3=1.7x2210=37lacs.....so I once delivered in 2017 will be looking at 75 lacs notional profit which is a better deal thn anything ( please note I am being conservative) so my friends don't worry at all.... Stay invested...wish I had some extra funds I will close my eyes and invest in another 3 bhk...
    CommentQuote
  • Just remembered IB TOOK 95 BOOKING IN DUBAI ON THE DAY OF EXHIBITION AROUND 5000 per sq feet ...it was a frenzy ...they were offering everything except a wife with the apartment!!!I am sure flora will sell out as well...only issue is flora want 40 percent on booking which is 100k US dollars..maybe this maybe the issue...with all those US dollars being printed with qe1 and QE 2...maybe the Americans will buy...
    CommentQuote
  • Originally Posted by realebuyer
    Well Savvy_v just want to correct you....HIRCO stands for "Hiranandani Infrastructure & Real Estate Company".

    Hope this helps.


    Thanks REALEBUYER for correcting me.... & useful information, Appreciate.



    seems ur RELATIONSHIP MANAGER of HPG-precisely HIRCO... he he. just joking...;)
    savvy_v:)
    CommentQuote
  • Everyone here is talking about the Residential Part of "Palace Gardens Panvel"
    But what about the SEZ?.....guys any info regarding the status of their SEZ?

    I feel that SEZ is a crucial part of this Project....
    CommentQuote
  • Originally Posted by Chrisindia
    Flora is being sold in USA to a decent response
    Great to hear, Actually Cities like this , NRIS can get better deal, of peace & calmness rest assured. from what I am given to understand,since they are big space and the ticket size is 2 bhk in mumbai especially ,it will pick up...higher floors are 6300 starting thus the delay?nevertheless we WILL LOOK AT 7K IN ONCE 1 PHASE IS DELIVEREED THAT IS IN MID 2014... So at 7 k I am looking at Selene with notional gross profit at 7-5.3=1.7x2210=37lacs....

    I Invested in VENUS in 2009, Now almost My floor at 29th Skyhigh has almost paid me {Floor rise 45 considering+ ACTUAL gain wud be 7-4.4=2.6 k x 1500= 39 lacs}.
    CHEERS....
    :bab (51):



    .so I once delivered in 2017 will be looking at 75 lacs notional profit which is a better deal thn anything ( please note I am being conservative)
    I think 7 k after 3 years will look like PEANUTS....as INR always depreciates, so by my logic, overall payement of 80 laks will feel less after 4-5 years,when u invest in CLP{Construction linked plan}.;)

    so my friends don't worry at all.... Stay invested...wish I had some extra funds I will close my eyes and invest in another 3 bhk...


    Well Chris. My answers in BLUE...
    have a nice time
    savvy_v:)
    CommentQuote
  • thanks savvy. Well I am not a new user but became active user only recently. Was a passive member earlier. Also I m not an end user at the moment but might seriously consider settling there when area comes up well. I don't see any private messages in my mailbox. May be there are some prerequisites for the same.

    Thanks for the full form of HIRCO. Just wanted to confirm if H stands for hiranandani or not.:):)
    CommentQuote
  • I am pretty optimistic about this project but don't count your chicken before they hatch.

    BTW... how do u get smiley faces.
    CommentQuote
  • Originally Posted by Humour
    I am pretty optimistic about this project but don't count your chicken before they hatch.

    BTW... how do u get smiley faces.



    I think everybody who has invested in the project has done due deligence and is pretty optimistic ...After investment is to keep a close watch on the progress ....:):) On the right hand sides of the message box you will see number of smilies ..just click on the same ..if you are not seeing those the click on "go advanced button next to submit query and you will get the same.. you need these most as ...you are "Humour""
    CommentQuote
  • Lo bhai, now HIRCO panvel also has issues

    Realty firm in dock for ‘grabbing’ forest land
    Realty firm in dock for
    CommentQuote