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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
    What I fail to understand is when Selene is completely sold out at 2o percent cash advance and builder does not have any stock....banks are ready to lend the previous 10 buildings and also once registered bank loans are available for Selene or whatever other buildings why are we so negative ....the investors should after all reckoning have to take an amount of risk...I don't see any risk what so ever....delay, corruption etc etc are part of Indian culture and we will get away very shortly.....there are roughly 200-300 flat owners in Selene and all are educated and experienced people are worth at least 1.5 cr(laxmi is always goes to people who love saraswati)now a few are so worried about this investment....hirco has promised that they will return 25lacs without any interest....so your loss will be only 5 lacs in interest and also you will have pease of mind that you did not got cheated or maximum with a delay of one year you may end up with 1 cr profit once as promised it get delivered in 2017-18...
    Well project getting stopped is not good for anyone by any means ...I am sorry to say but I suspect Savvy and Chrisindia ids are managed by same person. Some comment comes from Savyy and is seconded by Chrisindia more forcefully.. I think as per these threads Chrisindia even bought a flat on Savvy's advice. Can it be just a coincidence... Both these guys (or same guys) are able to put a positive turn to anything ..... What a positive attitude ...Normally Savvy has all the inside information but in this case is pretending ignorance ...very naive ....

    For your information Selene is not sold out ...avaialble from HIRCO 4500 +45

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

      Look at the tone (preaching in chrisindia's post) it is same as Savyy's tone normally ..it could be just a coincidence ..

      Chrisindia ..you are talking about risk ...risk does not mean you close your eyes and keep quite ..if something is not right you have to go back to the builder and fight it out ....what if they are havinf serious issues and decide not to start new buildings ..

      Comment


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

        [QUOTE=realebuyer;765371]
        Originally posted by savvy_v View Post

        Well savvy_v i hope your RM reamins the same till next month
        Originally posted by Chrisindia View Post
        I am also happy that work has stopped, atleast more money for sure....if not completed also no problem will learn something from house of hiranandani
        My dear friend ...house of hiranandani is a different company than HIRCO ....not same

        Comment


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

          Dear mr malotia, accepted there is only 120 flats ,hirco is not hirandani,by the way I like savvy thought process...I don't know this gentlemen at all...nevertheless,all I know is I paid 20 percent and signed a contract to yet pay another 20 percent when plinth in ready and from plinth pay the rest 55 percent and last pay the last 5 percent....I invested in dec( right time) and since I am end user-investor I am not in a hurry....maximum I am standing to loose 5 lacs or 25 lacs if hirco folds....so be it...I would like to take the middle path?.. If delayed good if I lost...it's only be a small amount....all my senses and experience in the business world say it will get delayed but difinetly get build...patience will payoff ....in the long run...well if I sounded preaching...I don't intent to..
          Last edited March 15 2013, 02:31 PM.

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

            Consumer complaints and reviews about HIRCO (Sunny Vista Panvel)
            khattargk

            Apr 19, 2012
            Hirco Not adhering to initial Terms and conditions
            1. The consideration amounts changed without any notifications.
            2. The instalments changed without any notifications.
            3. The staff nevers provides anything in writting. I have met all of them personally. Somebody Tarun Murkherjee is a BIG PERSONALITY who nevers turns up.
            4. In order to obtain loan we had to get registartion done, the registration document was never provided to us for verifying the amounts. The amounts stated in the agreement was different. We tried calling the office even the documentation consultant with Hirco called Tarun Mukherjee in our presence, he refused to talk to us and even told the documentation consultant to delay the process and let us visit the office which is in mumbai.
            Since the undersigned had to go please be advised that the documents had to be signed and all correspondences in this regard from the date of allotment and initial agreement to be part of the sale proceeds and cannot be changed unanimously.
            Fail to understand why such a big company like HIRCO is playing with customers hard earned money.
            We had final registered the amounts and latter sent a mail to Hirco reserving our rights.
            5. They never reply to mails. Only mails you receive is the payment and receipts.
            6. I had given so many requests for change of Phone nos(personally hand written letters) and till date not changed.
            7. I had requested to refund the amounts paid as the consideration amounts changed they refused to do so and said their contarct contained a clause of 17.5% penalty clause. They had changed the agreed amounts and they are the guys who are responsible for it why the consumer hard earned money be paid as PENALTY.
            8. I had executed the agreement on 7th April and the documentation assitants advised that the final documents will be sent to hirco office by 11th but till 20th april no information from Hirco on this. Have sent various reminders regd same and bank is after us for the registration to enable disburse the amounts. FAIL TO UNDERSTAND HIRCO'S INTENTION FOR NOT PROVIDING THE REGISTRATION.
            HIRCO (Sunny Vista Panvel) Complaints

            No point in criticising Indiabulls......these guys are also same

            Comment


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

              Originally posted by malkotia View Post
              Well project getting stopped is not good for anyone by any means ...I am sorry to say but I suspect Savvy and Chrisindia ids are managed by same person. Some comment comes from Savyy and is seconded by Chrisindia more forcefully.. I think as per these threads Chrisindia even bought a flat on Savvy's advice. Can it be just a coincidence... Both these guys (or same guys) are able to put a positive turn to anything ..... What a positive attitude ...Normally Savvy has all the inside information but in this case is pretending ignorance ...very naive ....

              For your information Selene is not sold out ...avaialble from HIRCO 4500 +45
              Well, MALKOTIA...
              This is height of height....I cant expect from u this.
              My view match with cris, is purely co-incidence....
              Doubting anyone in any manner is not a fair though.
              Anyhow lets take sportively things, here ...

              Also, Let me clear u hear we both are genuinely concerned as u are, but since I have plans ahead, and my plans will definately work ,as I am positive.

              Rest lies ur comment, NO ONE BUYS flat with advise fo Mr. X,Y,Z, they have their own view as u have ur's.

              My take is , On this forum, we are bing watched by Moderator's, hence I would suggest you to restrain/refrain from any aggressive comments and your negative thoughts and move positively ahead, or its left to ur own decisions.

              PLEASE NOTE;
              By putting my thoughts does not necessarily mean & compel anyone to modify his /her decision in his planning ahead....

              Have a nice Morning ahead...
              Savvy_v

              Comment


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

                Stoppage of Work

                I have a little information to share with group people.
                Yesterday I talked to some gentleman in HIRCO, they indeed confirmed that site activities have been reduced to minimum. They cited too much intervention from HIRCO PLC reason for this. Investor of HIRCO PLC are continuously asking for dividends etc on their investments and there is conflict between two parties regarding this.( HIRCO PLC investors vs hiraanandani ppl). It seems recent stoppage of work is part of this conflict.( It may happen that Hiranandani ppl may take complete charge of project in their hand by paying the investors of PLC, subject to future earning visibility of project.)

                In view of above i request senior members t( Mr savvy etc.) to give their advice weather to go ahead for investment in flora or not at @5000 + 50.

                Thanking you I remain.

                Comment


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

                  Originally posted by seekigurview View Post
                  I have a little information to share with group people.
                  Yesterday I talked to some gentleman in HIRCO, they indeed confirmed that site activities have been reduced to minimum. They cited too much intervention from HIRCO PLC reason for this. Investor of HIRCO PLC are continuously asking for dividends etc on their investments and there is conflict between two parties regarding this.( HIRCO PLC investors vs hiraanandani ppl). It seems recent stoppage of work is part of this conflict.( It may happen that Hiranandani ppl may take complete charge of project in their hand by paying the investors of PLC, subject to future earning visibility of project.)

                  In view of above i request senior members t( Mr savvy etc.) to give their advice weather to go ahead for investment in flora or not at @5000 + 50.

                  Thanking you I remain.
                  Better wait for these issues to get resolved. Go for resale properties in this project which are nearing completion. Avoid Flora as it is overpriced, apartments in buildings which are nearing completion are available in the reale market for 4200 - 4500 psft range.

                  Avoid Phase II as it may never takeoff if these issues are not resolved

                  What you have mentioned is just one issue but there are many other issues surrounding this project like Forest and SEZ approvals.

                  There was news in ET that a legal battle is going on between Hiranandani and HIRCO PLC

                  At this point Indiabulls is in better shape for investment purpose
                  Last edited March 16 2013, 10:55 AM.

                  Comment


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

                    Originally posted by realebuyer View Post
                    Better wait for these issues to get resolved. Go for resale properties in this project which are nearing completion. Avoid Flora as it is overpriced, apartments in buildings which are nearing completion are available in the reale market for 4200 - 4500 psft range.

                    Avoid Phase II as it may never takeoff if these issues are not resolved

                    What you have mentioned is just one issue but there are many other issues surrounding this project like Forest and SEZ approvals.

                    There was news in ET that a legal battle is going on between Hiranandani and HIRCO PLC

                    At this point Indiabulls is in better shape for investment purpose
                    I fully agree..

                    Comment


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

                      Originally posted by seekigurview View Post
                      I have a little information to share with group people.
                      Yesterday I talked to some gentleman in HIRCO, they indeed confirmed that site activities have been reduced to minimum. They cited too much intervention from HIRCO PLC reason for this. Investor of HIRCO PLC are continuously asking for dividends etc on their investments and there is conflict between two parties regarding this.( HIRCO PLC investors vs hiraanandani ppl). It seems recent stoppage of work is part of this conflict.( It may happen that Hiranandani ppl may take complete charge of project in their hand by paying the investors of PLC, subject to future earning visibility of project.)

                      In view of above i request senior members t( Mr savvy etc.) to give their advice weather to go ahead for investment in flora or not at @5000 + 50.

                      Thanking you I remain.
                      The very reason HIRCO Plc was created was to get the money for investment ..I really doubt if HIRCO has money to pay HIRCO plc.. HIRCo plc definitely is not very happy with the way these projects (chennai and so called Panvel) and they would be looking to pull out ..In that case probably Hiranandani group (they do not have any stake in this as of now) might want to buy HIRCO.. if that happens it will be good for investors..but if it goes bust nobody knows if we will even get our money back easily ...Phase-2 definitely looks be in dark shades and HIRCO is pushing hard to somehow sell onsold inventory..my guess is they might be ready to sell at a lower price.. few days back got a call from US (They claim to be from HIRCO) and offering a group discount on Flora ....

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