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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  • On a lighter side.......

    We already have old airport SANTA CRUZ
    THE NEW AIRPORT TO BE NAMED BANTA CRUZ
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  • Hi,
    nice one chris,about banta cruz.
    LOOKS like savvy does not have the money invested in this project,or he is on the other planet.after all this someone only insane,will say,construction for phase 2 will start in sept 2013,when we all r given different dates.
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  • Phase 2 will take 5-7 years to handover from the date of plinth....this is what I can guess ,with my past experience with real estate...in mumbai and also looking at phase one...!!!!!!
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  • Property rates nosedive in Navi Mumbai

    Investors,politicians,builders and land traders who speculated on property and drove up rates in Navi Mumbai are in a bind because hopes are fast receding of the new airport coming up anytime soon.A major shake-up in the Navi Mumbai property market appears to have already commenced after chief minister Prithviraj Chavan announced that the government was in no position to fix a timeline for start of construction work.

    A local source told TOI of a price correction that is based merely on the CMs statement.A builder in Ulwe (behind Seawoods ) suddenly dropped the rate for his land from Rs 60,000 a square metre to Rs 45,000 in the past two days, said the source.Earlier,buyers were queuing up for this land.Suddenly,the tables have been turned.They are expecting a further downward correction despite the builder reducing the rate to Rs 45,000.

    Ulwe is considered a hot property destination because the planned Nhava-Sewri road-link is also expected to touch there.However,work on both the international airport and the link are not expected to start anytime soon.

    Last week,TOI reported that Cidco,the nodal agency for the project,is yet to acquire 475 hectares of private land for the airport,which is to be spread over 2,072 hectares.Of the 475 hectares,about 291 are required for aeronautical purposes.The CM told the state assembly that work on the airport cannot start without completion of land acquisition.
    Speculators are nervous.Many politicians,and builders fronting for them,bought large chunks of land in Navi Mumbai hoping the returns would be astronomical once the airport came up, said a local developer.But with national elections barely a year away,these political heavyweights may be forced to sell their holdings at cheaper rates to raise cash to fight the polls.

    A source in the Navi Mumbai branch of Maharashtra Chamber of Housing Industry (MCHI) said,Its a setback for several developers.On Palm Beach Road,builders quoted Rs 18,000 to 22,000 a square foot (super-built-up ) for flats and said that the price would double when the airport came up.Today,there are no buyers.

    Cidco tenders for commercial plots in Khargar reached up to Rs 1.25 lakh to Rs 1.41 lakh a square metre.These plots were barely half-an-acre to one acre in size.Tenders for residential plots (halfan-acre each) fetched bids of over Rs 2 lakh a sq m a year ago.

    A successful bidder for a residential plot failed to pay Cidco because the price he quoted was too high and few clients showed interest in his project.Such high rates in a super-slow market were mainly in anticipation of the new airport, said the official.Land prices in Dronagiri touched Rs 35,000 to Rs 45,000 a sq m,although it has virtually no infrastructure.

    Market sources said developers and hoteliers were eyeing investment in Navi Mumbai.Arvind Goel,president of MCHI,Navi Mumbai,said almost a dozen five-star hotels have come up in the region and another five to six are expected.People feel cheated,especially those who bought apartments here, he said.

    Source : TOI
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  • Originally Posted by vinchi
    Hi,
    nice one chris,about banta cruz.
    LOOKS like savvy does not have the money invested in this project,or he is on the other planet.

    Well I have Invested in VENUS as u have in some other bldg..... & I am not INSANE....;)

    after all this someone only insane,will say,construction for phase 2 will start in sept 2013,when we all r given different dates.


    Well Vinchi,
    I am not a predictor, or astrologer.... but I was told SEPT 2013, what I shared with u...
    Anyways Things delayed, will DELAY, and hopefully will get DELAYED MORE too.
    So we shud be prepared for this in RE.

    savvy_v:)
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  • Originally Posted by savvy_v
    Well Vinchi,
    I am not a predictor, or astrologer.... but I was told SEPT 2013, what I shared with u...
    Anyways Things delayed, will DELAY, and hopefully will get DELAYED MORE too.
    So we shud be prepared for this in RE.

    savvy_v:)


    Completely agree with you on the delay part but in this case we might be in for some real bad news....things should be clear in the coming weeks....when r you going to mumbai to meet these guys?
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  • Where are all those 1st phase owners/investors/flippers....all paid 95percent!!!!!!where are these people....what is being promised to them....there should atleast be 500 of them ???last I wrote to mrs.shunezi...she wrote back saying dec 2013 plinth gonna be ready.......only lord hiranandani may know
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  • meeting HIRCO

    I am new to the forum and have gone through most of the recent posts.

    I am wanted to know if a group of people are really willing to go meet HIRCO and ask the tough questions.
    I agree with other here. The suspense and ambiguity in their answers is not helpful at all.

    Please let me know. would definitely like to join.
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  • Hi Savvy,
    After all this,dont u think Mr Niranjan should come up and say sorry to all even Hirco,to all those who put faith on them,and their hard earned money.
    They know the next plan,i feel they should share we us,the future of HPG,and hirco to the investers too.
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  • Originally Posted by smartorcrazy
    I am new to the forum and have gone through most of the recent posts.

    I am wanted to know if a group of people are really willing to go meet HIRCO and ask the tough questions.
    I agree with other here. The suspense and ambiguity in their answers is not helpful at all.

    Please let me know. would definitely like to join.


    I am for it. I am overseas at the moment but can provide all support required or can ask one of my relatives to join you. At least we can start with a Yahoo/google/facebook group account and send queries to Hiranandani as a group rather than individual...then some of our representatives can meet them in person and ask for status...until that happens ..we will only be venting our frustration on IREF and nothing will happen ..I know few other folks who are not on IREF but are interested in forming a group ..But it is very important that the people from phase-1 come forward and show interest...because at the moment HIRCO does not have any obligations towards phase-2 people ..and they can always return back the principal money as they have already enjoyed interest free money for more than 1 year at least ...in fact I suspect if they will return principal as well so easily ...
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  • Originally Posted by realebuyer
    Completely agree with you on the delay part but in this case we might be in for some real bad news....things should be clear in the coming weeks....when r you going to mumbai to meet these guys?



    Well, I will be tehre on 22nd April. Can we meet there real...
    Morning 11 am will be in Thane...
    LEst make a move.
    savvy_v:)
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  • Originally Posted by savvy_v
    Well, I will be tehre on 22nd April. Can we meet there real...
    Morning 11 am will be in Thane...
    LEst make a move.
    savvy_v:)


    Will try my best to be there.....will keep you posted on same........let us have a list of questionnaire prepared before the meeting
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  • Just trying to understand. Are you guys meeting Hirco on 22nd april ??
    If yes, can people join you guys.
    please let me know

    Thanks
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  • March 28, 2013
    CARE SUSPENDS THE RATING ASSIGNED TO THE BANK FACILITIES OF
    SUNNY VISTA REALTORS PRIVATE LIMITED
    CARE has suspended, with immediate effect, the ratings assigned to the bank facilities of Sunny
    Vista Realtors Private Limited. The ratings have been suspended, as the company has not furnished
    the information required by CARE for monitoring of the rating.
    Analyst Contact
    Name: Mukesh Chhatani
    Tel # 022-67543436
    # 9004781315
    Email: mukesh.chhatani@careratings.com

    CARE has classified instruments rated by it on the basis of complexity. This classification is
    available at .:: Welcome to CARE Ratings - Professional Risk Opinion ::.. Investors/market intermediaries/regulators or others are welcome
    to write to care@careratings.com for any clarifications.

    Source:http://www.careratings.com/Portals/0/CareAdmin/CompanyFiles/PR/SUNNY%20VISTA%20REALTORS%20PRIVATE%20LIMITED-03282013.pdf

    Care Ratings Sunny Vista: Company Factsheet
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  • Originally Posted by realebuyer
    Will try my best to be there.....will keep you posted on same........let us have a list of questionnaire prepared before the meeting


    SURE.
    REAL make sure to come on that day.
    Please let me know ur number in my pvt box.
    also we can make questionnaire,and ask them in detail.
    Will u please mail questionnaire in my pvt box.
    thanks,
    regards
    savvy_v:)
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