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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

    Fully agree ..there are exceptions though ..the Delhi metro was built in a record timeframe but then there was Sreedharan and it had advantage of being the capital

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

      Originally posted by Chrisindia View Post
      This will take another 2 decades to build...bangalore metro took 15 years to plan and build 20 km metro....!!!!!!!(bad quality of workmanship)
      PHP Code:
      We Indians need a big paradigm shift...forgetting the past and future and by being in the present... 
      do WE CALL WE Indians...
      Go EAST: WE HAVE NO UNITY at ALL.
      GO WEST WE HAVE BIG GANTS LIEK AMBANI< TATA< BIRLA< who are giants,
      GO SOUTH : BIG MONSTERS are sitting on head of DEMOCRACY.
      GO NORTH; COUNTRY BEINg looted by people born in ITALY{ Sorry even though she has Indian citizen she is 90 % Italy minded}, well see what happened in CHOPPER SCAM.....


      My point is;no one can change our India alone. So we all need to get together to change our India. There are a lot of things to change. So please every one join with us to change our India to next generation.



      .sorry
      PHP Code:
      look at Dubai..Built the metro within 3 years in recession 
      Recently I had chance to go Dubai after gap of 12 years....
      U name any type of any technology is available there.
      Say take example of Liqur, wine, dine, metro, hotel, perfume, cotton industry, name anything its available.
      I read that almost 199 country national stay their with harmony.
      Hardly any VIOLENCE.
      See what TOURISM IS HANDLED we can learn from them.

      Dubai Shopping festival 2013

      This Dubai shopping festival is considered to be known as the most exciting shopping festivals of Dubai. This festival is organized at the starting of a year and just before arrival of summer. Dubai Shopping festival is something that has made Dubai proud.

      You will not only find the best electronic products, but can participate in many activities that are organized by the government. Film festivals, special events for youngsters, impressive street splays, night fireworks, International fashion shows, and many others are some of the cultural and entertainment programs that are organized for visitors.
      Innovative programs are organized every year, which makes the Shopping festival unique and remarkable.
      This festival is another technique of promoting tourism in Dubai. No doubt it has been a matter of pride for Dubai. Their authorities ensure to organize remarkable events to attract many tourists. This festival also improves the economic condition of the country.
      DSF, at 1st was started as a simple shopping event, where people get to view the best products. As time passed, this festival is also known for their various entertainment programs.

      and still building more and the best part they are in debt...
      PHP Code:
      .India is so rich 
      India is considered RICHEST POOR country in the word...

      ..in all aspects but will our people right from the upper echelon to the most most lowest change....!....look at the Japanese and Germans...inspite of so many issues(natural calamities etc) they are still excelling ....we Indians inspite of so many diverse holidays we want to strike not for 1 day but for 2days!!!!!!!!!!!how can we have this paradigm shift ....I think this should be instilled by the parents to children? Or I think the we need more partical actions by one and all.....my friend just hired BE engineer just out college who cannot speak a full sentence of
      English..( for a pittance ).how will this person help us built a metro....


      PHP Code:
      oh how I cry for my India 
      No need to cry, when KALMADI, A RAJA, & SCMTERS CANT CRY ,whey shud we..


      and trust me this frustrates me
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      when I see a desert (dubai)turn into a Mordern city not found anywhere in the world(no oil wealth
      AGREE. but THERE IS NO DEMOCRACY , One person has changes a picture of UAE on MAP. We shud appreciate...
      All country airplanes can fly... and will fly over DUBAI, till the SUN & MOON is their....

      Expatriates in the United Arab Emirates - Wikipedia, the free encyclopedia

      It is estimated that approximately 40,000 United States nationals reside in the UAE. The bulk of these live in Dubai while sizable populations are also found in Abu Dhabi.


      Indians in the United Arab Emirates - Wikipedia, the free encyclopedia

      Indians in the United Arab Emirates (UAE) constitute the largest part of population of the country. Over a million Indian migrants are estimated to be living in the UAE (2000),[2] who form over 30% of the total population of the UAE.[1] A majority of Indians live in the three largest cities of the UAE — Dubai, Abu Dhabi and Sharjah.
      plz read;
      why are there no terrorists attacks in Dubai, like car bombings, etc since it is a Muslim country?

      why are there no terrorists attacks in Dubai, like car bombings, etc since it is a Muslim country?

      ..when will my India change???????????
      We will ONLY change when our mentality towards nation will change.....

      continued......

      savvy_v
      Last edited February 24 2013, 11:03 PM.

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

        http://www.prres.net/papers/Sonia%20...ndia_Story.pdf

        Emerging trends in real estate - Grant Thornton India

        Comment


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

          Hi Folks, any news on when the Artemis building work will start and the likely date of payments? Will it be sometime in Sep 2013?

          Thanks

          Comment


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

            For savvy

            Dream lofty dreams, and as you dream, so shall you become. Your Vision is the promise of what you shall one day be; your Ideal is the prophecy of what you shall at last unveil.
            The greatest achievement was at first and for a time a dream. The oak sleeps in the acorn; the bird waits in the egg; and in the highest vision of the soul a waking angel stirs. Dreams are the seedlings of realities.

            Comment


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

              Originally posted by Chrisindia View Post
              For savvy

              Dream lofty dreams, and as you dream, so shall you become. Your Vision is the promise of what you shall one day be; your Ideal is the prophecy of what you shall at last unveil.
              The greatest achievement was at first and for a time a dream. The oak sleeps in the acorn; the bird waits in the egg; and in the highest vision of the soul a waking angel stirs. Dreams are the seedlings of realities.
              Cris, U r absolutely right...
              Want to share this with u, please read word by word..
              http://www.prres.net/papers/Sonia%20...ndia_Story.pdf

              its, regarding;
              Real Estate Sector – The India Story

              Current Scenario of the Real Estate Market in India
              Commercial real estate sector is in boom in India. In the last fifteen years, post liberalization of the economy, Indian real estate business has taken an upturn and is expected to grow from the current USD 14 billion to a USD 102 billion in the next 10 years. This growth can be attributed to favorable demographics, increasing purchasing power, existence of customer friendly banks & housing finance companies, professionalism in real estate and favorable reforms initiated by the government to attract global investors


              Submitted by Miss Sonia Sahni
              Asst Manager Corporate and Investment Banking,
              ABN AMRO Bank Nariman Point Mumbai
              India 400021

              After reading u can put ur thoughts....


              savvy_v
              Last edited February 7 2016, 01:08 AM. Reason: personal information

              Comment


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

                Originally posted by savvy_v View Post
                Cris, U r absolutely right...
                Want to share this with u, please read word by word..
                http://www.prres.net/papers/Sonia%20...ndia_Story.pdf

                its, regarding;
                Real Estate Sector – The India Story

                Current Scenario of the Real Estate Market in India
                Commercial real estate sector is in boom in India. In the last fifteen years, post liberalization of the economy, Indian real estate business has taken an upturn and is expected to grow from the current USD 14 billion to a USD 102 billion in the next 10 years. This growth can be attributed to favorable demographics, increasing purchasing power, existence of customer friendly banks & housing finance companies, professionalism in real estate and favorable reforms initiated by the government to attract global investors


                Submitted by Miss Sonia Sahni
                Asst Manager Corporate and Investment Banking,
                ABN AMRO Bank Nariman Point Mumbai
                India 400021

                After reading u can put ur thoughts....


                savvy_v
                If only 25 percentage gets through just imagine ....we will return to double digit growth over all and if can hold on for the next 5 years ....we will be a powerful nation(I mean in the sense of prosperity ).... This lady is predicting 102 billion(men are known to hold and have knowledge , women have earthly wisdom!!!!!!!!!?)we got to cut to the chase and have only good sense prevail.....between political parties...and educate one and All in all aspects not only academics....we will be there...we will be the....by the way Selene plinth will be ready by dec 13...!!!!!!
                Last edited February 7 2016, 01:09 AM. Reason: personal information in quote

                Comment


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

                  Does india changing with current scenario of re

                  PHP Code:
                  .by the way Selene plinth will be ready by dec 13...!!!!!! 
                  [/QUOTE]


                  Well, CRIS..
                  An Indian working abroad can only have 2 options, keep earning abroad, and dream one house at the end either abroad, or In India.
                  We are Indians & hence since our passport is INDIAN NATIONALITY, all NRI's baring few will send tehir money to INDIA.
                  Its huge revenue for GOVT.

                  Indian have no quality life when he returns Homeland.
                  Its high time we shud have policies & change our scenario to attract FDI, foor a sustainable rise in GROWTH, otherwise we will be like thsi even after 100 years...!!!!!

                  I understand the facts, RE is booming and will boom in near 3-5 years from now.
                  India has witnessed an absolute metamorphosis over the last decade. Sprawling cities, flourishing businesses, higher standard of living are all indicators of unprecedented growth, globalisation, urbanisation, expansion and diversification.
                  Infrastructure modernisation and development is said to be the key driver of all the growth and economic activity.
                  The Indian infrastructure sector is at an inflection point and there are immense opportunities for the private sector. Although the sector is booming, there are hindrances in the smooth development .
                  Well, Its teh WILL which changes picture of teh country.
                  The present govt is in dupe.
                  Hope if any major change in policies will enhance some hope for people who are returning to India for better lifestyle .

                  IF SELENE PLINTH is DEC 2013, then VENUS also will be same , what I feel.
                  Hopefully by dec 2017 we will get possession...

                  savvy_v
                  Last edited February 27 2013, 09:25 PM.

                  Comment


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

                    Panvel is realtors’ new El Dorado

                    MUMBAI: With real estate prices set to taper off in the near future, Mumbai’s property tycoons are shifting focus to beat the business cycle. The new buzzword among developers is townships.

                    Almost everyone is rushing to buy huge tracts of land on the city’s periphery. Among the target areas are Panvel (50km from the city), Khopoli (89km), Vasai (over 50km), and Virar (60km).

                    Two factors have triggered the trend. One, the Special Township Scheme (STS) under the Maharashtra Regional and Town Planning Act has removed most of the regulatory bottlenecks in developing land. Among other things, the amended act allows developers to convert agricultural land into a non-agricultural tract automatically, halves stamp duty, and keeps townships out of the purview of the Urban Land Ceiling Act.

                    Two, it allows builders to scale up and expand their businesses at a regular pace despite booms and busts. “Developers have had to change business models as they started getting listed on stock exchanges,” said the managing director of an international real estate fund who is currently considering several such projects. “Large township projects give them [higher business] volumes and cheap land,” he said. “The projects help developers average out their earnings against real estate cycles. Today, land cost constitutes 60 per cent of the total project cost in metros. It is as low as 20 per cent on the outskirts.”

                    “Land is scarce in Mumbai and townships give developers scale and volumes along with sops under the Town Planning Act,” said Niranjan Hiranandani, the managing director of the Hiranandani Group.

                    In the past three months, realtors have gobbled up over 2,500 acres of land in Panvel and surrounding regions. The Evershine Group, known for its 256 acre township near Virar railway station, may be going in for another ambitious project. The developer has purchased around 1,200 acres from a New Mumbai-based property broker, Yogesh Jhawar.

                    The Hiranandani Group, known for its mega-projects in Mumbai, holds around 250 acres in Rasayani, an industrial town on the Mumbai-Pune highway. Rasayani already hosts the factories of companies such as Reliance, Cipla, and Siyaram. Hiranandani is also in the process of acquiring another 1,000 acres at Thane’s Ghodbunder Road, close to the diversion that links the central suburb to Bhayandar on the western side.

                    The Neelkanth and Marathon groups, which have developed properties in Ghatkopar and Lower Parel, among other places, have purchased 250 acres and 500 acres, respectively, between Panvel and Khopoli. Other developers, too, are eyeing this 30km stretch.

                    Pune-based Rohan Group has bought 110 acres of land, about 7km from Panvel station, while the Delhi-based DLF, along with city-based Akruti Nirman, is finalising the purchase of another 1,100 acres. Akruti, known for its slum redevelopment projects in Mumbai, has 400 acres in the area.

                    Most developers are shopping in Panvel or in its proximity. “This will be the quickest developing region in the future,” said Mukesh Patel, the promoter of the Neelkanth Group. “It is gaining prominence with the announcement of projects such as the international airport, the new passenger train terminal [to decongest terminals in Mumbai], and Reliance’s upcoming special economic zones.”

                    Patel said when compared with Virar and Vasai, the area has fewer water problems. “Power shortage is expected to ease, thanks to the two power plants being built in the area,” he said. “It takes about an hour and 10 minutes to reach the other end of the city – the CST station in south Mumbai – from Panvel.” Patel is awaiting regulatory approval for his 250 acre township located around 7km from the Panvel railway station.

                    Akruti Nirman, which was recently listed on the National Stock Exchange, is also awaiting township approval in the Panvel region. The developer is looking at areas beyond New Mumbai, considering future demand for housing. “At the current growth rate, Greater Mumbai’s population is expected to double by 2020. Where else will these people live?” said Hemant Shah, chairman of Akruti Nirman.

                    Shah believes that the Mumbai-Pune corridor will develop rapidly in the next decade as the boundaries between the two cities become blurred. “Plus, it makes more business sense to focus here as we expect good volumes with cheaper input costs,” Shah said.

                    Most of the deals in Panvel have been sealed in the price range of Rs15 lakh to Rs40 lakh per acre, according to Jhawar, the broker who sold a large parcel of land to Evershine. “The price of land varies according to its proximity to the railway station and the highway,” Patel said. “Land close to the highway or the station costs as much as Rs40 lakh an acre. It can drop to one-fourth that rate in certain cases.”

                    The cost of land also depends on the requirements of the developer. The larger the plot, the more a broker can demand for it. Under the Special Township Scheme, the minimum requirement is 100 acres, but the land needs to be one or contiguous piece. The land is aggregated from local villagers, with a no-objection certificate obtained from local panchayats.

                    Townships are bankable propositions because the Act gives concessions to developers, including a higher floor space index, which translates to double the number of saleable units, and the development charges payable to the government are lower by 50 per cent. The Act also relaxes the Urban Land Ceiling provisos Act and allows developers to construct on agricultural land.

                    The developer, on his part, has to provide integrated facilities within the boundaries of the declared township, including power, roads, water, streetlights, drainage, and a solid-waste disposal system. The Act also states that the builder needs to obtain local clearance and must submit a letter of intent within one year of coming into possession of 50 per cent of the total land.

                    The Neelkanth Group estimates the minimum development cost for special townships at Rs100 per sq ft (or about Rs40.4 lakh an acre, for the roads and basic infrastructure). This does not include the cost of water supply and power, which can be sourced from local authorities. The construction and land costs are extra.

                    Hiranandani, who is not so bullish on Panvel in the near future, said: “A quality project should cost around Rs400 per sq ft (or Rs1.7 crore an acre), including water supply and power.” He said the gestation period for these developments varies from three to seven years. Shah of Akruti Nirman agreed with that view: “Two years are needed to set up the basic infrastructure.”

                    The jury is out on how soon these projects will materialise, but time is on the developers’ side. The population of Mumbai, Thane, and New Mumbai put together is currently about 2 crore, according to a recent Builders Association of India report. With the population growing at 5 per cent per annum, 10 lakh people are being added to this number every year.

                    With the island city already choking with slums and traffic, the only place to grow is in the far-off new townships.
                    Hope you guys will find this article interesting and informative even though this is pretty old stuff dated 2007.

                    Comment


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

                      Look at this statement. These people are themselves not convinced whether this area has any future and they still want to charge buyers 15 times of their cost (400 per sq ft). This also proves that construction costs (except the land price) which builders want us to believe are very high are very minuscule compared to the prices at which they sell us.

                      Hiranandani, who is not so bullish on Panvel in the near future, said: “A quality project should cost around Rs400 per sq ft (or Rs1.7 crore an acre), including water supply and power.”
                      Last edited February 27 2013, 10:52 PM.

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