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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  • Any news on Hirco's debt settlement with tata or Hirco shareholders?
    CommentQuote
  • Originally Posted by malkotia
    Any news on Hirco's debt settlement with tata or Hirco shareholders?


    Thread has gone bit cold ..let me add some spice ...

    This guy has some balls to make tall claims. let us see what happens after 2 months.

    Navi Mumbai airport land issues to be solved in 2 months: Sanjay Bhatia
    Monday, Sep 16, 2013, 7:38 IST | Agency: DNA
    Shahkar Abidi
    Shahkar Abidi

    Sanjay Bhatia, managing director of the City and Industrial Development Corporation (Cidco), has been at the helm of affairs of the premier town planning agency for the past five months. Known to be a no-nonsense officer, Bhatia is credited with streamlining the service tax department. In an interview with dna's Shahkar Abidi, Bhatia speaks at length on the Navi Mumbai International Airport (NMIA) project. Below are excerpts of the interview.

    Sanjay Bhatia, managing director of Cidco.
    Sanjay Bhatia, managing director of Cidco. - Salman Ansari/DNA
    There have been allegations that you are not holding meetings or interacting with representatives of the NMIA Project Affected Persons (PAPs), which is in fact delaying the project. What are your comments on this?
    These are only allegations and there’s no substance in it. Moreover, whether they (the PAPs) want a concrete solution to the issue or just want to hold meetings unendingly. In fact, we have prepared a 26-point action plan for the PAPs and I am holding meetings with them.

    The project has been dragging for over a decade now and the land acquisition for it is still far away. Do you think the project is still feasible?
    Though the project cost has gone up several times, it is very much feasible. We should keep in mind that the estimated cost is not to be borne in one go, but over a period of 30 years. The tendering process will start once we are done with the land acquisition process. Further, the pre-development work of over Rs1,900 crore will be done by Cidco, before handing the project to the private party.

    With no bidder coming forward for the development of Mumbai Trans Harbour Link (MTHL) project and the Navi Mumbai Special Economic Zone (NMSEZ) project is still far away from reality, do you have doubts over the success of the NMIA project? The reason being that each of these project is made to complement each other and the prime reason for no bidder coming forward to construct MTHL has been the uncertainty over the airport project.
    In fact, the coming up of the airport project is the key which will give impetus to the two projects, especially to MTHL. Once the airport comes up, private parties will see the benefits of it more clearly and would show eagerness in pumping money into these projects (MTHL and NMSEZ).

    So, what are you doing to solve the land acquisition issue for the airport? Is there any solution on the cards?
    We expect the land acquisition issues to get resolved within a month or two, so that we can see the first aircraft flying from NMIA by 2017. We have now proposed that the PAPs can get monetary compensation which they will be getting at ready reckoner (RR) rates apart from 12.5 per cent of developed land.
    However, since the RR rates will be very low, we will also offer them the chance to get 10 per cent additional developed land instead of monetary compensation.
    This will benefit the PAPs as we have got the permission to construct in the area to develop airport. If the airport does not come up, then the land has no value. So, lower will be the value of RR rates.

    Do you have the land ready for handing it over to the PAPs, or it will be like another government project wherein the government after taking the nod from the PAPs make them run from pillar to post for decades in order to get their compensation?
    Everything, including the land to be handed to the PAPs, is very much clear and ready. All the formalities regarding it are clear. The PAPs should be least concerned about that.

    But Cidco has a record for such things. Most of the PAPs of the earlier land acquisitions done are still struggling to get their dues even after decades.
    We have come out with several steps to solve their (PAPs) problems and I am sure all these issues regarding earlier land acquisitions will be solved soon.

    What if the airport project fails to take off at the selected site in Navi Mumbai? Does Cidco has an alternate site for the project?
    The present site is the only site, because it’s the best possible one. We are not looking at any other alternatives.
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  • Originally Posted by malkotia
    Anybody in this forum from Athena or Apollo ? They might know true picture.

    Athena or Apollo possession June 2014 as of now.
    Building seems to be ready from outside, fresh paint but not sure how are things inside. Possession June 2014, reason given roads not yet ready to reach those buildings.

    Phase I - No construction workers seen on site. Only single hammering sound (unless not programmed :) ) . Internal plastering seems to be over. Looks like Phase I may not be ready till 2015.
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  • any update on Selene ?
    CommentQuote
  • Originally Posted by Mefrommumbai
    Athena or Apollo possession June 2014 as of now.
    Building seems to be ready from outside, fresh paint but not sure how are things inside. Possession June 2014, reason given roads not yet ready to reach those buildings.

    Phase I - No construction workers seen on site. Only single hammering sound (unless not programmed :) ) . Internal plastering seems to be over. Looks like Phase I may not be ready till 2015.


    HEY.
    FIRING BULLETS IN SKY...
    Do u have any picture proof of this , have u visited site, if so, u could have done /taken few opicture & uploaded to all confused buyers/investor...

    Seems u r new to this forum...
    I would appreciate if u can take few snaps and load on this site to be able for forum friends to know whats happening there in PHASE-1, PHASE-2.
    Thanks,

    I was told that PHASE-2 will start by March 2014....
    MALKOTIA/VINCHI BHUSHAN all are silently , snoring ??????? in Hibernation MODE...
    savvy_v;)
    CommentQuote
  • Originally Posted by NaharAmrit
    any update on Selene ?


    Hi NaharAmrit,
    Good Question,plz do one one more thing,make a power of attorney whom u would like to live in selene.

    Cheers--ha ha
    CommentQuote
  • Originally Posted by savvy_v
    HEY.
    FIRING BULLETS IN SKY...
    Do u have any picture proof of this , have u visited site, if so, u could have done /taken few opicture & uploaded to all confused buyers/investor...

    Seems u r new to this forum...
    I would appreciate if u can take few snaps and load on this site to be able for forum friends to know whats happening there in PHASE-1, PHASE-2.
    Thanks,

    I was told that PHASE-2 will start by March 2014....
    MALKOTIA/VINCHI BHUSHAN all are silently , snoring ??????? in Hibernation MODE...
    savvy_v;)

    Hi Savvy,how can he provide proof,when u clicked photos u saw there were no workers.and the photos were distance away from u and the bldg.
    CommentQuote
  • Originally Posted by vinchi
    Hi NaharAmrit,
    Good Question,plz do one one more thing,make a power of attorney whom u would like to live in selene.

    Cheers--ha ha


    Please resolve your mommy issues.
    Don't let it out in open.

    Regards
    CommentQuote
  • Hi NaharAmrit,
    DO NOT TAKE it personally,i was just kidding,We r all in the same boat,no one knows exactly what is happening.
    Cheer up.
    CommentQuote
  • ANY NEWS .. ALL ARE HYBERNATION MODE....
    savvy_v
    CommentQuote
  • I called them up. They said "Selene" would start in Jan 2014.
    Not sure if there is any truth to that.
    CommentQuote
  • Originally Posted by NaharAmrit
    I called them up. They said "Selene" would start in Jan 2014.
    Not sure if there is any truth to that.


    Called up whom, where, when,
    did they mail u?
    Any thing in writting Mr. Nahar...
    U MEAN SELENE, VENUS at same time?
    any idea.:D

    savvy_v;)
    CommentQuote
  • Visited the site before 3 weeks. The progress is as follows.

    1. Apollo and Athena - exterior is completed but still internal work is going on.
    2. All other 9 buildings the external plastering and interior plastering is completed. Dome work is in progress.
    3. I was informed by RM that plumbing and electrical work in all buildings in progress but on my visit (Sunday)I couldn't find any person around the buildings except 3 in Office.
    4. As per the information Possession of Phase - 1 (including Apollo & Athena) will be in Dec-2014.

    5. Phase-2 excavation work will be started in Nov-Dec 2013 and may receive demand notes for 2nd payment after plinth work around March-April 2014
    6. Electric Sub-station construction work after right hand side of main entrance in full progress. I found many people are working there.
    7. I was taken to the buildings site by their car from the gate and not permitted to see the location of Phase-2.
    8. The sales office together with show flat was closed and they are meeting in portable office beside Apollo-Athena.

    9. Overall my feel after looking the site and considering the balance work is, possession of Phase-1 may be extended to Dec-2015.

    Good Luck !
    CommentQuote
  • Originally Posted by Rasheed2302
    Visited the site before 3 weeks. The progress is as follows.

    1. Apollo and Athena - exterior is completed but still internal work is going on.
    2. All other 9 buildings the external plastering and interior plastering is completed. Dome work is in progress.
    3. I was informed by RM that plumbing and electrical work in all buildings in progress but on my visit (Sunday)I couldn't find any person around the buildings except 3 in Office.
    4. As per the information Possession of Phase - 1 (including Apollo & Athena) will be in Dec-2014.

    5. Phase-2 excavation work will be started in Nov-Dec 2013 and may receive demand notes for 2nd payment after plinth work around March-April 2014
    6. Electric Sub-station construction work after right hand side of main entrance in full progress. I found many people are working there.
    7. I was taken to the buildings site by their car from the gate and not permitted to see the location of Phase-2.
    8. The sales office together with show flat was closed and they are meeting in portable office beside Apollo-Athena.

    9. Overall my feel after looking the site and considering the balance work is, possession of Phase-1 may be extended to Dec-2015.

    Good Luck !



    THANK U DEAR.
    U mean now they plan for PHASE-2...
    No idea when Phase-2 will end . May be 2018 2020....?:D

    savvy_v;)
    CommentQuote
  • Hi Savvy,

    They are planning to get 20% of 2nd installment of Phase-2 to complete the pending work in Phase-1 (approx. 150cr). As Hirco PLC report, Phase-2 could take a decade to complete. (Hirco report is the whole project may take a decade to develop).

    Please be informed that the Operational office also moved from Olympia to Alfa in Powai.
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