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Indiabulls Greens by Indiabulls in Panvel, Mumbai

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Indiabulls Greens by Indiabulls in Panvel, Mumbai

Last updated: 2 days ago
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  • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

    indiabullls

    There was news in Business channel yesterday that INDIABULLS has raised Rs.1100 Crore from sale of Its Lower Parel Properties, Rs.1400 Crore from INDIABULLS PANVEL.

    What i am saying is there is no crunch for them its just that the necessary approvals are not in place and the same is not being told to us.

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    • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

      Originally posted by keezpanvel View Post
      There was news in Business channel yesterday that INDIABULLS has raised Rs.1100 Crore from sale of Its Lower Parel Properties, Rs.1400 Crore from INDIABULLS PANVEL.

      What i am saying is there is no crunch for them its just that the necessary approvals are not in place and the same is not being told to us.
      Agree with you. Either the necessary approvals are not in place or they purposely want to go slow and in the meanshilw move money to further increase their land bank and launch new projects.

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      • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

        Originally posted by wadia View Post
        it doesn;t work like that peeya. Ib wants to grow very fast. So all the money raised will either go in dividends or to add land bank.
        Previously they sold sky, sky suites, forest (3 project of 65-75 floors) and the money went into the fund used to add new projects! So this bleu will not change the color of the garden
        ohh i see..u r rite..but mr.wadia project is amazing..wat u think mr wadia as per ur knowledge agrement kab tak hoga??

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        • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

          Originally posted by peeya View Post
          ohh i see..u r rite..but mr.wadia project is amazing..wat u think mr wadia as per ur knowledge agrement kab tak hoga??
          If as per cust_indiabulls_panvel they submitted the plan only recently, it make take a few months. I have no clue but something tells me dec/jan/feb. Keeps your fingers crossed.

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          • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

            Has anyone heard anything about the project status from HDFC/ICICI? Like I mentioned before, I have been told by HDFC that it may take even 6 months.

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            • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

              Hey

              Originally posted by wadia View Post
              If as per cust_indiabulls_panvel they submitted the plan only recently, it make take a few months. I have no clue but something tells me dec/jan/feb. Keeps your fingers crossed.
              I had a word with INDIABULLS HOME FINANCE Guy he said that the agreement is still 6 months away.

              The best strategy for buyers is too accumulate money by the time the agreement comes so that those who were planning to take loan will be well off taking a smaller amount. If they plan their finances according to the slab wise payment.
              Last edited by keezpanvel; October 13 2010, 10:52 PM.

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              • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                is it possible for them to progress with construction without an agreement in place? in that case, they will demand for next payment without bank approval. if not, then that means there is no progress for next 6 months?

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                • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai


                  digressing a bit from the forum's discussions, just wanted to update on a new project coming up at panvel.

                  Marathon Nextzone is launching a new project in Panvel - the site is said to be located 3 km from panvel station towards on the mumbai pune highway.
                  the preluanch offer is 3141 pre sq ft.

                  its a twonship project with 20 towers of 33 floors each

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                  • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                    Originally posted by cust_indiabulls_panvel View Post
                    digressing a bit from the forum's discussions, just wanted to update on a new project coming up at panvel.

                    Marathon Nextzone is launching a new project in Panvel - the site is said to be located 3 km from panvel station towards on the mumbai pune highway.
                    the preluanch offer is 3141 pre sq ft.

                    its a twonship project with 20 towers of 33 floors each
                    Its been in the offing for a long while now.

                    After Marathon successfully completed thir futurex project in lower parel they want to use the profits over here.

                    From what I had known it is an IT SEZ with residential towers, promoting the walk to work idea. However marthon just has 25 acres, so if they do 20 towers of 33 floors each they may be cheating the government by using SEZ land for residential sales.

                    Presumably because it is SEZ it will be on leased land. It is quite close to IB and next to nadgaon village.

                    It is on NH 4B (JNPT road). I am quite sprised that they can do 33 floors there as the site is not more than 3kms from airport. It is quite close to ongc colony so it takes a while to come to the expressway.

                    Initially Marthon wanted to go with the IT & ITes SEZ first but given a slump in commercial demand, I presuume they want to do residential bit first.

                    Marathon is a good builder but given that it is a pre-launch, expect them to take even longer than IB. They are where IB was 1 year ago.
                    Last edited by wadia; October 14 2010, 07:28 PM.

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                    • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                      Project Completion Delay Thoughts

                      It seems like the project approval for new IB plans will come only after the airport is approved. Approval may come in 2011, few months after the airport is approved (fingers crossed?). So if the assumption is airport will take 5 years to complete, and all the surrounding infrasturucture and GOOD connectrivity with Mumbai will improve say 5 years after airport is complete we are talking about Panvel being better to live (maybe present day Mumbai) in only about 2020. So even if IB takes 5 years to complete the Panvel project, we are looking at 2015 with about 5 more years to get to best connectivity (fast trains, metro, etc)

                      So the point is.. unless people were hoping to actually move in to the flats around 2012, or thinking that the IB ship sinks due to accounting irregularities etc it doesnt make any difference when IB actually completes the project. Right? Any thoughts?

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