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Palace Garden, Hirco Group, Panvel, Mumbai

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Palace Garden, Hirco Group, Panvel, Mumbai

Last updated: July 11 2017
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  • Re : Palace Garden, Hirco Group, Panvel, Mumbai

    Originally posted by Chrisindia View Post
    I wonder if any of the 1st phase investors/owners are making so much of noice...we (second phase)are just speculating for no reason at all.... The resdisedential and comercial building building are up ,2 nd phase are promised in 2017.... It will take maybe 2018... So be it ...our population is exploding and we indians aspire for good things in life....it will all happen...patience is the mother of all virtue....why think about the future and miss the present...
    CHRIS...
    Agree with u.

    Well , Time cant wait for anyone.
    I feel, we should live cautiously with positivity in mind in present status.
    Future will always trouble you some or other , but thats future,
    U should learn from past.
    I Am sure since phase -1 is almost 85 % over & due for possession we shud not worry much,coz already the quantum of construction is being done.
    rest question of worry of phase-2, I don't think there will be an issue of any HALT.
    My prediction is ,
    EVEN if EXCAVATION starts in mid SEPT 2013, by DIWALI 2017, SKELETON would be ready for possession{ give 6 months more in case delay}.

    Almost by that time, phase one of NMIA would be functional.
    Now already MON_RAIL TRIAL OVER;
    Mumbai monorail may start commercial operation in August - Economic Times
    The Hindu : National / Other States : Country

    The MMRDA’s effort is to ensure that the Mumbai monorail will be at its innovative best, fully equipped with state-of-the-art technology and features like advanced passenger-driver communication, CCTV cameras etc.
    The MMRDA stressed that it was a green project as it did not use any fossil fuel, but ran on electricity. On the operational front, the monorail would use regenerative braking system, which would enable about 25 per cent saving in power consumption.
    Line 1 (Mumbai Monorail) - Wikipedia, the free encyclopedia






    So keep finger crossed.


    Savvy_v
    Last edited February 18 2013, 02:50 PM.

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    • Re : Palace Garden, Hirco Group, Panvel, Mumbai

      Niranjan speaking about Hirco buyout on Prime Property Show, CNBC TV 18

      The 35-year old Hiranandani Group made its mark in Mumbai, now it is finally looking to foray into atleast three new cities. That is not all that is keeping the Co-Founder, Niranjan Hiranandani busy. He has been trying to buy out Hirco an Alternative Investment Market (AIM-listed) real estate fund of which Hiranandani was Chairman till December 2010.

      Hirco was Hiranandani’s brainchild, incorporated in 2006, to co-invest in integrated townships in suburbs of Mumbai and Chennai. However, financial crisis battered Hirco out of shape and Hiranandani ultimately stepped down on the back of corporate governance issues.

      Prime Property: Guide to key rentals for big cities

      CNBC-TV18’s Nayantara Rai spoke to Niranjan Hirandani about Hirco and his outlook for the year ahead. Later she also got comments from Sobha Developers, vice chairman & managing director, JC Sharma.on timeline of their projects, on pirce increases done by them and their, foray into other cities.

      Below is the verbatim transcript of his interview to CNBC-TV18’s special show Prime Property

      Q: I want to begin by asking you the 100 million pound offer you made last year to buyout Hirco was rejected, have you submitted a new revised offer?

      A: We did give an offer but it was declined. I had filed an arbitration issue in Singapore against Hirco public listed company (PLC) because they have said that the delays, which have taken place were not disclosed to Hirco PLC at the time of AIMs listing, which is ridiculous because everyone knows the world went backwards, Lehman collapsed. The whole delay has taken place. Now they are trying to blame those delays and the setback in 2008, upto 2010 on me. So, I have resigned as Chairman of Hirco but they want to blame it on me and so I have taken an arbitration proceeding against them in Singapore.

      Q: You are saying that you are now in arbitration in Singapore, but once again are you considering the possibility of submitting a revised offer for Hirco?

      A: Not really. I haven’t really now reconsidered because I think they are kind of blaming me all the time, so, we have to really try and see what else we can do. I am not averse to making offers, but it depends on how the whole discussions, arbitration, and other things go through. But we can do a lot.
      Will Hiranandani Grp's foray into new cities be successful? - CNBC-TV18

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      • Re : Palace Garden, Hirco Group, Panvel, Mumbai

        Originally posted by realebuyer View Post
        Niranjan speaking about Hirco buyout on Prime Property Show, CNBC TV 18



        Will Hiranandani Grp's foray into new cities be successful? - CNBC-TV18
        Two things to note ...hirco seems to be in financial mess and hirco is no more related to hiranandani.

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        • Re : Palace Garden, Hirco Group, Panvel, Mumbai

          What happened to Flora?? has it gone busted?? Any insight?

          Comment


          • Re : Palace Garden, Hirco Group, Panvel, Mumbai

            Only higher floors of Flora launched.....but sales are sluggish.....even price is bit on the higher side(Rs. 5000 psft)....no approvals in place for the building as well.....hope demand pics up

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            • Re : Palace Garden, Hirco Group, Panvel, Mumbai

              Originally posted by realebuyer View Post
              Only higher floors of Flora launched.....but sales are sluggish.....even price is bit on the higher side(Rs. 5000 psft)....no approvals in place for the building as well.....hope demand pics up
              They won't budge on rate as far as I know. As far as approval is concerned it is not in place for even Selene ,,

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              • Re : Palace Garden, Hirco Group, Panvel, Mumbai

                How are they constructing without approvals ? Isn't that illegal ?

                Comment


                • Re : Palace Garden, Hirco Group, Panvel, Mumbai

                  Originally posted by malkotia View Post
                  They won't budge on rate as far as I know. As far as approval is concerned it is not in place for even Selene ,,
                  Malkotia.

                  Can ask u simple.
                  With what confidence u can say Approval are pendng/not there in SELENE.
                  Well, Phase 2 has launched in 2010, and u know in India u have to go every step to clear all obstacles &get approvals.
                  I am sure it takes 1-2 years for any building aproval. or may be BUILDERS will need time to launch their project during those 2 year, they will make full use of time.
                  MY OPINION:
                  So why to worry. PAY 20 % ,and DREAM ur project.
                  I Paid 20 % for VENUS & I am dreaming my Project...




                  savvy_v
                  Last edited February 20 2013, 01:42 PM.

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                  • Re : Palace Garden, Hirco Group, Panvel, Mumbai

                    Savvy,

                    If you go to any bank for loan on Selene. They will tell you that it is not yet approved by them (HDFC has approved all the other buildings which are in progress but not Selene yet ..). You can also conform from relationship managers ..Like you I am also hoping that my 20% will reap me benefits ...but again to repeat ..it is our hard earlned money so have to be in reality not in dreams

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                    • Re : Palace Garden, Hirco Group, Panvel, Mumbai

                      Originally posted by malkotia View Post
                      Savvy,

                      If you go to any bank for loan on Selene. They will tell you that it is not yet approved by them (HDFC has approved all the other buildings which are in progress but not Selene yet ..). You can also conform from relationship managers ..Like you I am also hoping that my 20% will reap me benefits ...but again to repeat ..it is our hard earlned money so have to be in reality not in dreams
                      AGREE>
                      But I am surprized how, VENUS is sanctioned, and flora too, & why selene not?


                      May be some plan changes of location, floor plan u mean?

                      savvy_v
                      Last edited February 20 2013, 08:15 PM.

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