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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  • Originally Posted by jadhav_ravi
    1) So Hirco is the big saint in whole of Mumbai. It rose the rate only 7% because it believes in fairness.
    hahahahaha.
    Look into the details as to how they bribed government to rob powai land meant for poor people and then you will know how big of a saint Hirco is.

    "Hiranandani was asked by state govt. in 1986 to develop the 230-acre land in Powai to build smaller, affordable flats for low- income groups.
    Hiranandani was given the Powai land at 40 paisa per sq ft.
    The developer built a hotel, hospital and a mall instead. For the poor people it
    built flats of 2,000 to 4,000 sq ft (4/5BHK) each which currently sell at Rs 10000+ psf."

    2) Patalganga river flows through Rasayani. Get to the ground before you argue more.

    I have lived in Rasayani then Panvel and now I live in new Panvel.
    Khopoli dam has made the flow of patalganga river in Rasayani appear more like an effluent drain and that is where I referenced Khopoli. Don't come down squawking before reading and understanding. I know Khopoli is 30 kms from Rasayani but that is where the river flow some from!!!
    The industrial units are no more than 4Km away from Hirco site. Hirco site is less than 2Km from Patalganga river. Please don't misguide people.

    I never said People in Rasayani wear face mask to station but according to all environmental surveys, there is too much industrial pollution in Rasayani and the MPCB is turning a blind eye to it.

    I think you have a bias when talking about Hirco Project as you have invested in the project.
    This forum is for free speech so please do not try to subdue other's point of view or misguide people. Get your facts before you take this further.


    Dear Ravi

    I think you are convinced that you cannot argue anymore on this topic and thats why you are bringing up these irrelevant points. I never said that Hirco is a saint.

    If your info abt the powai land deal is true i can only say Hats off to Hiranandanis for their powai township development; they could do it because they had that much insight/ foresight and confidence that they could convert a land which was neglected by then govt into its current state. And for your information while the other builders out there are charging 10k+ any hiranandani bldg commands 15k+psf.

    My only argument was that they do not believe in increasing their rates just for the sake of increasing it (ie before doing any substantial construction work at site). I have already mentioned that when HPG Panvel is ready their rate will easily beat any other builder project rate in New Panvel. Thats why I am not worried about my investment in this project. :)
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  • I cannot even talk morals or ethics to you as you can even justify a thief. (As per you even if Hirco robbed the govt. and the poor man, hats off to them!!) Simply disfraceful!

    Ravi: Claims no vested interest in Hirco or any other project
    Bhushan: Has bought into Hirco Project

    A)INVESTMENT & PRICING:

    Ravi: Every property (from strange to strangest, underconstruction, soft launch to ready to move in, class 3 developer to class 1 developer) in Mumbai/Thane/NaviMumbai rose 25-40% from September '09 to March '10.
    Hirco Rasayani (meaning "chemicals" in Hindi) not Panvel rose 7%.

    From an investor point of view, buying in any other project would have been more rewarding. Hirco had overpriced the project. I believe it is still overpriced.

    Bhushan:
    My only argument was that they do not believe in increasing their rates just for the sake of increasing it (ie before doing any substantial construction work at site). have already mentioned that when HPG Panvel is ready their rate will easily beat any other builder project rate in New Panvel.



    B)IS CHEMICALS (RASAYANI IN HINDI) AN INHABITABLE PLACE??

    Ravi:The area is an industrial disaster zone:
    -15 million litres of highly polluted effluents are discharged into the patalgaanga river in Rasayani everyday. Because of Tata Power dam at khopoli, the patalganga river is now an effluent drain
    - Second most polluted region in the country!!
    - More than 50 chemicals units manufacturing insecticides, pesticides, fertilizers, dye intermediaries using obsolete technology
    - Hazardous wastes in the shape of a sludge are dumped in open fields besides residential colonies.
    - In the residential areas surrounding the industrial estates, people keep their windows and doors bolted at night. The factories emit gases at night.

    Bhushan: From the picture that you are trying to paint it seems that people using Rasayani rly staion (5kms from HPG) for commutation cannot do so wtihout wearing a face mask (to protect them from toxic gases), which is not the case:) .
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  • Cant agree more with Jadhav_ravi. Very valid points raised mate


    Originally Posted by jadhav_ravi
    I cannot even talk morals or ethics to you as you can even justify a thief. (As per you even if Hirco robbed the govt. and the poor man, hats off to them!!) Simply disfraceful!

    Ravi: Claims no vested interest in Hirco or any other project
    Bhushan: Has bought into Hirco Project

    A)INVESTMENT & PRICING:

    Ravi: Every property (from strange to strangest, underconstruction, soft launch to ready to move in, class 3 developer to class 1 developer) in Mumbai/Thane/NaviMumbai rose 25-40% from September '09 to March '10.
    Hirco Rasayani (meaning "chemicals" in Hindi) not Panvel rose 7%.

    From an investor point of view, buying in any other project would have been more rewarding. Hirco had overpriced the project. I believe it is still overpriced.

    Bhushan:My only argument was that they do not believe in increasing their rates just for the sake of increasing it (ie before doing any substantial construction work at site). have already mentioned that when HPG Panvel is ready their rate will easily beat any other builder project rate in New Panvel.



    B)IS CHEMICALS (RASAYANI IN HINDI) AN INHABITABLE PLACE??

    Ravi:The area is an industrial disaster zone:
    -15 million litres of highly polluted effluents are discharged into the patalgaanga river in Rasayani everyday. Because of Tata Power dam at khopoli, the patalganga river is now an effluent drain
    - Second most polluted region in the country!!
    - More than 50 chemicals units manufacturing insecticides, pesticides, fertilizers, dye intermediaries using obsolete technology
    - Hazardous wastes in the shape of a sludge are dumped in open fields besides residential colonies.
    - In the residential areas surrounding the industrial estates, people keep their windows and doors bolted at night. The factories emit gases at night.

    Bhushan: From the picture that you are trying to paint it seems that people using Rasayani rly staion (5kms from HPG) for commutation cannot do so wtihout wearing a face mask (to protect them from toxic gases), which is not the case:) .
    CommentQuote
  • Originally Posted by jadhav_ravi
    I cannot even talk morals or ethics to you as you can even justify a thief. (As per you even if Hirco robbed the govt. and the poor man, hats off to them!!) Simply disfraceful!



    By developing a world class township in powai Hirco has created an atmosphere conducive for the international and Indian MNCs to setup their offices within. If you go around the Powai township and look at the number of such office buildings which have created a employments for hundreds of talented young men of Mumbai you will definitely agree with me.

    On the other hand if you take an aerial view of that area you will see the slum that is surrounding the same township on the two sides. If Hirco hadn't developed the chunk of land under the current township, we could have very well seen similar picture spread across today's township land.

    I said hats off to them because while Govts are showing us the dream of converting Mumbai into shanghai Hirco already created a township in powai which can compete with its counterpart in Shanghai. A single place where a resident can live, work and play.

    As far as bribing the govt is concerned, I don't know what is your enmity with Hirco but it is a known fact that most of the big builders are playing the same game. At least Hirco has given a quality product so far and I am expecting them to reproduce it in their new Panvel township.

    On a lighter note maybe you are expecting for their rates to come down by doing a negative publicity for them....I can only wish you good luck with that because i don't think thats ever gonna happen. :)
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  • Originally Posted by jadhav_ravi
    I cannot even talk morals or ethics to you as you can even justify a thief. (As per you even if Hirco robbed the govt. and the poor man, hats off to them!!) Simply disfraceful!

    Ravi: Claims no vested interest in Hirco or any other project
    Bhushan: Has bought into Hirco Project

    A)INVESTMENT & PRICING:

    Ravi: Every property (from strange to strangest, underconstruction, soft launch to ready to move in, class 3 developer to class 1 developer) in Mumbai/Thane/NaviMumbai rose 25-40% from September '09 to March '10.
    Hirco Rasayani (meaning "chemicals" in Hindi) not Panvel rose 7%.

    From an investor point of view, buying in any other project would have been more rewarding. Hirco had overpriced the project. I believe it is still overpriced.

    Bhushan:
    My only argument was that they do not believe in increasing their rates just for the sake of increasing it (ie before doing any substantial construction work at site). have already mentioned that when HPG Panvel is ready their rate will easily beat any other builder project rate in New Panvel.



    B)IS CHEMICALS (RASAYANI IN HINDI) AN INHABITABLE PLACE??

    Ravi:The area is an industrial disaster zone:
    -15 million litres of highly polluted effluents are discharged into the patalgaanga river in Rasayani everyday. Because of Tata Power dam at khopoli, the patalganga river is now an effluent drain
    - Second most polluted region in the country!!
    - More than 50 chemicals units manufacturing insecticides, pesticides, fertilizers, dye intermediaries using obsolete technology
    - Hazardous wastes in the shape of a sludge are dumped in open fields besides residential colonies.
    - In the residential areas surrounding the industrial estates, people keep their windows and doors bolted at night. The factories emit gases at night.

    Bhushan: From the picture that you are trying to paint it seems that people using Rasayani rly staion (5kms from HPG) for commutation cannot do so wtihout wearing a face mask (to protect them from toxic gases), which is not the case:) .


    Originally Posted by bhushank4

    As far as bribing the govt is concerned, I don't know what is your enmity with Hirco but it is a known fact that most of the big builders are playing the same game. At least Hirco has given a quality product so far and I am expecting them to reproduce it in their new Panvel township.
    First get your ethics right Mr. Bhushan. Go back to primary school and learn moral science.
    What is good, what is bad?
    Is a thief a good person or a bad person?.
    Should a thief who carries out a marvelous theft be praised or criticized?

    If something is wrong you should condemn it!
    If you think builders cheating the government and creating word class townships are correct, then there has been no use of you going to school or anyone teaching you anything. You are failing your basic duty towards the country. People die of starvation in Orissa beacuse of people like you who by supporting wrongdoings and corruption are complicit in aggravating poverty in the country.


    Originally Posted by bhushank4
    On a lighter note maybe you are expecting for their rates to come down by doing a negative publicity for them....I can only wish you good luck with that because i don't think thats ever gonna happen..
    Exactly, that is my plan. I want a 10% correction so I could pay 1 crore to Hirco and get the opportunity to inhale poisonous gases.
    CommentQuote
  • Originally Posted by jadhav_ravi
    People die of starvation in Orissa beacuse of people like you who by supporting wrongdoings and corruption are complicit in aggravating poverty in the country.


    I don't really understand the logic behind how me buying a flat in Hirco HPG panvel kill people in Orissa :)
    I repeat: u r wasting your time here, instead you should probably join an NGO working in Orissa if you really want to do something for those people.

    Originally Posted by jadhav_ravi

    Exactly, that is my plan. I want a 10% correction so I could pay 1 crore to Hirco and get the opportunity to inhale poisonous gases.

    you see i got you right!! :)
    CommentQuote
  • Originally Posted by jadhav_ravi
    I cannot even talk morals or ethics to you as you can even justify a thief. (As per you even if Hirco robbed the govt. and the poor man, hats off to them!!) Simply disfraceful!

    Ravi: Claims no vested interest in Hirco or any other project
    Bhushan: Has bought into Hirco Project

    A)INVESTMENT & PRICING:

    Ravi: Every property (from strange to strangest, underconstruction, soft launch to ready to move in, class 3 developer to class 1 developer) in Mumbai/Thane/NaviMumbai rose 25-40% from September '09 to March '10.
    Hirco Rasayani (meaning "chemicals" in Hindi) not Panvel rose 7%.

    From an investor point of view, buying in any other project would have been more rewarding. Hirco had overpriced the project. I believe it is still overpriced.

    Bhushan:
    My only argument was that they do not believe in increasing their rates just for the sake of increasing it (ie before doing any substantial construction work at site). have already mentioned that when HPG Panvel is ready their rate will easily beat any other builder project rate in New Panvel.



    B)IS CHEMICALS (RASAYANI IN HINDI) AN INHABITABLE PLACE??

    Ravi:The area is an industrial disaster zone:
    -15 million litres of highly polluted effluents are discharged into the patalgaanga river in Rasayani everyday. Because of Tata Power dam at khopoli, the patalganga river is now an effluent drain
    - Second most polluted region in the country!!
    - More than 50 chemicals units manufacturing insecticides, pesticides, fertilizers, dye intermediaries using obsolete technology
    - Hazardous wastes in the shape of a sludge are dumped in open fields besides residential colonies.
    - In the residential areas surrounding the industrial estates, people keep their windows and doors bolted at night. The factories emit gases at night.

    Bhushan: From the picture that you are trying to paint it seems that people using Rasayani rly staion (5kms from HPG) for commutation cannot do so wtihout wearing a face mask (to protect them from toxic gases), which is not the case:) .


    People supporting corruption through their viewpoint are disgraceful. I know you got my point.
    CommentQuote
  • Originally Posted by jadhav_ravi
    People supporting corruption through their viewpoint are disgraceful. I know you got my point.


    This is an Indian Real Estate forum and lets keep our discussion limited to that if you want to debate about corruption and other bad practices, ethics and moral science please move on to some other forum(s) where those are discussed.
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  • IndiaBulls - panvel?

    Friends,

    With three major projects targetted in and around Panvel...viz: IB Greens, Kalpataru and Hirco..

    The rates of IB are pretty much on the lower side comapred to other two. Any specific reason for it?
    also, hows that rated?

    this discussion might have already happened - But, sorry am faitly new to this forum.

    thanks,
    Vishal
    CommentQuote
  • Originally Posted by jadhav_ravi
    I cannot even talk morals or ethics to you as you can even justify a thief. (As per you even if Hirco robbed the govt. and the poor man, hats off to them!!) Simply disfraceful!

    Ravi: Claims no vested interest in Hirco or any other project
    Bhushan: Has bought into Hirco Project

    A)INVESTMENT & PRICING:

    Ravi: Every property (from strange to strangest, underconstruction, soft launch to ready to move in, class 3 developer to class 1 developer) in Mumbai/Thane/NaviMumbai rose 25-40% from September '09 to March '10.
    Hirco Rasayani (meaning "chemicals" in Hindi) not Panvel rose 7%.

    From an investor point of view, buying in any other project would have been more rewarding. Hirco had overpriced the project. I believe it is still overpriced.

    Bhushan:
    My only argument was that they do not believe in increasing their rates just for the sake of increasing it (ie before doing any substantial construction work at site). have already mentioned that when HPG Panvel is ready their rate will easily beat any other builder project rate in New Panvel.



    B)IS CHEMICALS (RASAYANI IN HINDI) AN INHABITABLE PLACE??

    Ravi:The area is an industrial disaster zone:
    -15 million litres of highly polluted effluents are discharged into the patalgaanga river in Rasayani everyday. Because of Tata Power dam at khopoli, the patalganga river is now an effluent drain
    - Second most polluted region in the country!!
    - More than 50 chemicals units manufacturing insecticides, pesticides, fertilizers, dye intermediaries using obsolete technology
    - Hazardous wastes in the shape of a sludge are dumped in open fields besides residential colonies.
    - In the residential areas surrounding the industrial estates, people keep their windows and doors bolted at night. The factories emit gases at night.

    Bhushan: From the picture that you are trying to paint it seems that people using Rasayani rly staion (5kms from HPG) for commutation cannot do so wtihout wearing a face mask (to protect them from toxic gases), which is not the case:) .


    Bhai mere, sab golmaal hai, sab jhol hai
    apna time aur piasa waste nahi kar
    kalpatru at 4250, IB at 3050, Hirco at 3850 and new site being considered for airport. Baat maan, RE is not an investment instrument. Shares mein laga, LIC mein laga ya FD mein laga, exhorbiant rate par 60-80 lakh mat fasa.
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  • Originally Posted by VishalPrabhakar
    Friends,

    With three major projects targetted in and around Panvel...viz: IB Greens, Kalpataru and Hirco..

    The rates of IB are pretty much on the lower side comapred to other two. Any specific reason for it?
    also, hows that rated?

    this discussion might have already happened - But, sorry am faitly new to this forum.

    thanks,
    Vishal


    Dear Vishal

    There is no comparison between Kalpataru and IB/Hirco, 'coz while IB/Hirco are township projects, Kalpataru is not. In a long run IB and Hirco rates will definitely be more than Kalpataru.

    However in current scenario Kalpataru is demanding the highest because of two important factors:
    First and more importantly its almost nearing the completion stage while the construction of IB/Hirco projects haven't even reached plinth stage.

    Second reason which might lose its significance later (on IB/Hirco projects' completion) is that its location is nearer to Panvel rly stn as compared to other two projects. I think this factor is not very important because while Kalpataru is nearer to the Panvel Rly station, it might just not be walkable for an avg daily commuter. Moreover, both IB and Hirco will have there own shuttle buses running to and from the respective projects till Panvel rly stn.
    CommentQuote
  • Originally Posted by jadhav_ravi
    I cannot even talk morals or ethics to you as you can even justify a thief. (As per you even if Hirco robbed the govt. and the poor man, hats off to them!!) Simply disfraceful!

    Ravi: Claims no vested interest in Hirco or any other project
    Bhushan: Has bought into Hirco Project

    A)INVESTMENT & PRICING:

    Ravi: Every property (from strange to strangest, underconstruction, soft launch to ready to move in, class 3 developer to class 1 developer) in Mumbai/Thane/NaviMumbai rose 25-40% from September '09 to March '10.
    Hirco Rasayani (meaning "chemicals" in Hindi) not Panvel rose 7%.

    From an investor point of view, buying in any other project would have been more rewarding. Hirco had overpriced the project. I believe it is still overpriced.

    Bhushan:
    My only argument was that they do not believe in increasing their rates just for the sake of increasing it (ie before doing any substantial construction work at site). have already mentioned that when HPG Panvel is ready their rate will easily beat any other builder project rate in New Panvel.



    B)IS CHEMICALS (RASAYANI IN HINDI) AN INHABITABLE PLACE??

    Ravi:The area is an industrial disaster zone:
    -15 million litres of highly polluted effluents are discharged into the patalgaanga river in Rasayani everyday. Because of Tata Power dam at khopoli, the patalganga river is now an effluent drain
    - Second most polluted region in the country!!
    - More than 50 chemicals units manufacturing insecticides, pesticides, fertilizers, dye intermediaries using obsolete technology
    - Hazardous wastes in the shape of a sludge are dumped in open fields besides residential colonies.
    - In the residential areas surrounding the industrial estates, people keep their windows and doors bolted at night. The factories emit gases at night.

    Bhushan: From the picture that you are trying to paint it seems that people using Rasayani rly staion (5kms from HPG) for commutation cannot do so wtihout wearing a face mask (to protect them from toxic gases), which is not the case:) .



    I agree with Bushan IB/Hirco will have higher price. As Wadia said, by analogy Kalpatru will be in Mulund west while IB/Hirco will be in Powai. Kharghar would be Bandra and Vashi/Belapur will be south Mumbai :)
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  • Originally Posted by bhushank4
    Dear Vishal

    There is no comparison between Kalpataru and IB/Hirco, 'coz while IB/Hirco are township projects, Kalpataru is not. In a long run IB and Hirco rates will definitely be more than Kalpataru.

    However in current scenario Kalpataru is demanding the highest because of two important factors:
    First and more importantly its almost nearing the completion stage while the construction of IB/Hirco projects haven't even reached plinth stage.

    Second reason which might lose its significance later (on IB/Hirco projects' completion) is that its location is nearer to Panvel rly stn as compared to other two projects. I think this factor is not very important because while Kalpataru is nearer to the Panvel Rly station, it might just not be walkable for an avg daily commuter. Moreover, both IB and Hirco will have there own shuttle buses running to and from the respective projects till Panvel rly stn.



    Thanks Bhushan...
    I have booked an apt in IB. Hope it turns to be the right choice..
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  • Originally Posted by VishalPrabhakar
    Thanks Bhushan...
    I have booked an apt in IB. Hope it turns to be the right choice..


    You r most welcome!!
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  • can some1 please give latest details of hirco in panvel
    i am looking for 2bhk or even can go for 3bhk
    i am looking for good view appt
    please give price details & about hirco project current status

    thanks

    cheers:bab (4):
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