I have booked a flat in this property.
Anybody who has taken a flat in the same project? Might be good to connect.
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  • Generally with a project of this size, one should expect atleast a three year wait for commencement of possession and generally there is a delay at the onset to have all the permissions in place, and once the plinth is completed, the slabs come up much quicker than conventional methods.
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  • Originally Posted by peeya
    wat does it mean?r we in problem? I dont think so..coz i knw someone from indiabulls who is working as manager and he is good friend of mine..as per discussion with him he mentiond me that aproval is geting bit delay coz they r taking approval for whole project...and he told dnt worry about the investment u will get vry good returns..so i completely trust him coz, even he hav invested in this project.and he hav studied a lot regarding this project and then he hav invested so trust me guys not to worry..yeh but expect aproval wil take some more time..as soon as they will get the work will start with full swing..so be positive hope for the best..:)


    no, just that its going to take a while, so unfortunately no news until the approval takes place.
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  • Originally Posted by sonu7778
    well i guess it dosent matter in this context coz u guys know the approvals rnt done as yet,, had a site visit today & things r the same ,, no signs of work begining any sooner,Also if all of us have taken this as an investment oppurtunity .... who is gonna stay there ...(*_*)

    & wots with the toll naka there .... is it always gonna stay there


    Hi Sonu,

    There will always be many investors given that it is a township 5km from panvel, but there are also many end use customers like me.
    From what I know the toll-naka is not going to move :(
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  • What's going on

    Hi Friends,

    This is my first thread. I have booked a flat in Phase 2 and remainder of my first installment is already due. I am thinking should I pay now or wait till the project gets all approvals. Has anyone paid the remainder of the first installment yet for phase 2????????????
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  • new member

    Hi I have booked a 3 BHK in tower E phase 1
    It is all a matter of risk reward. Positives: Public listed company, Has enough funds through booking amount to take care of construction (unless these funds are used elsewhere.). Location has enormous futuristic potential and with infrastructure the key word in this country, we are likely to have a good deal in our hand in next 5-7 years to come
    Negatives: There can be delay in permissions to commence work. At the end of the day, I was well prepared at the time of booking, perceiving, that actual possession (phase 1) might not be before mid 2012.

    Cheers and Good Luck!!!
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  • hi vishal
    I also have booked in phase 2 also got letter to remind the remaining money for 1st installment I am also thinking of delaying the payment
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  • Any idea as to when Stamp duty and registration would commence
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  • article on indiabulls

    hi

    i found this article on indiabulls on businessworld ]http://www.businessworld.in/bw/2009_12_12_The_Raging_Bulls.html?offset=0&max=1. it talks about the exceptional growth of indiabulls and their clever financing moves. LN Mittal is an investor in indiabulls. As far as i am aware they have only delivered indiabulls one centre ( if you do know of others do enlighten me). On the upside they received an award for this building recently. On the downside, they seem to have their fingers in many pies at the moment the panvel township, indiabulls sky suites in mumbai, in sonepat, chennai, ahmedabad, another sez near nashik and they still seem to be getting into new projects. All of these projects are in a similar stage to the panvel one. Chennai, and sonepat i think are facing more than a year of delay in getting approvals. So it is difficult to guage whether they will keep their promise of timely completion and quality. it has a risk but they would definitely not want to spoil their name considering they now seem to be venturing into the power sector too.. it talks about the exceptional growth of indiabulls and their clever financing moves. LN Mittal is an investor in indiabulls. As far as i am aware they have only delivered indiabulls one centre ( if you do know of others do enlighten me). On the upside they received an award for this building recently. On the downside, they seem to have their fingers in many pies at the moment the panvel township, indiabulls sky suites in mumbai, in sonepat, chennai, ahmedabad, another sez near nashik and they still seem to be getting into new projects. All of these projects are in a similar stage to the panvel one. Chennai, and sonepat i think are facing more than a year of delay in getting approvals. So it is difficult to guage whether they will keep their promise of timely completion and quality. it has a risk but they would definitely not want to spoil their name considering they now seem to be venturing into the power sector too.
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  • hi jia,
    well the guys frm vashi sales office told me we wud not have to pay the toll later, but i dont know how true that wud be .also in the next 2 phases there wud be a way to avoid the toll...this is wot was informed to me.
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  • Originally Posted by sonu7778
    hi jia,
    well the guys frm vashi sales office told me we wud not have to pay the toll later, but i dont know how true that wud be .also in the next 2 phases there wud be a way to avoid the toll...this is wot was informed to me.


    That is good news Sonu. If it is true, it would be very nice.:)
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  • HI

    Hi jia and sonu even i got the same info there we dnt have to pay toll after or possesion..Coz they will provide some pass so lets see how far all this promises they can fulfill..JIA honestly according to me u are the perfect person to judge right things so far,so can u plz suggest have we done wise thought in our investment with indiabulls..Will we get vry good returns??will approval take more time..if u can suggest me as per ur knowledge plz do reply..:)
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  • Does anyone know what is proposed in the 'future developments' shown in the master plan of the township? is that where the commercial complex, shops will come up?
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  • Originally Posted by peeya
    Hi jia and sonu even i got the same info there we dnt have to pay toll after or possesion..Coz they will provide some pass so lets see how far all this promises they can fulfill..JIA honestly according to me u are the perfect person to judge right things so far,so can u plz suggest have we done wise thought in our investment with indiabulls..Will we get vry good returns??will approval take more time..if u can suggest me as per ur knowledge plz do reply..:)


    Hi Peeya,

    Thanks for the compliment but I think "no one can guarantee their judgement to be correct in today's world".

    To me:

    Value:

    1) Panvel seems promising and good value. Rs. 12,000 for Goregaon west congestion just means that people will start appreciating navi mumbai & Panvel someday.

    Panvel:


      A railway terminus for long distance trains and with good link to thane and cst.
      Airport seems quite probable
      Mumbai-Pune expressway is a big plus point
      Mumbai-Goa, four laning/expressway, may come someday
      Transarbour link, not so probable in short term, can boost the value hugely
      SEZs, again probable, can bring jobs and add value
      JNPT and its planned SEZ, adds value.
      Water transport project, more probable and will add value


      2) Indiabulls have a lot of hype and artificial money around them, but they can just turn out to be good developers. I think they have a great chance to be as big as DLF, they just have to be honest and professional.
      3) With the increased area, Indiabulls can develop a nice township like Powai.


      Risks:
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
      1) The project is in a remote area
      2) Indiabulls do not seem to be very professional and honest

      All-in-all I think that the current rate is justifiable for a remote suburb (Boisar commands similar rates), the infrastructure seems good and there is a chance that airport/transharbour/sez,... may eventually be a reality.

      I cannot judge how Indiabulls will perform, but I am laying my trust with them.

      -jia
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  • Indiabulls' Mantralaya Project

    Indiabulls' Mantralaya makeover contract in limbo:

    Quote:
    "Nariman Point, one of world’s most expensive office markets, is expected to yield the government a windfall of Rs 12,500 crore if it decides to go ahead with a proposal to integrate the makeover of the area with that of Mantralaya.
    When bids were opened for the Mantralaya project last August, India Bulls had offered the highest, Rs 1,400 crore, for executing the project in return for rights to commercially exploit a four-acre plot. The project, however, was ridden with controversy and was stayed by the Chief Minister on the eve of the Assembly elections. Revised plans show that instead of involving a developer, if the government were to merge the project with its Nariman Point revamp plan, it would reap a profit eight times higher.
    The Mantralaya project was drawn up by the PWD while the Nariman Point plan is under the Mumbai Metropolitan Region Development Authority (MMRDA), the planning agency for the Backbay area. As per the revised plans now awaiting the CM’s approval, both are to be carried out by the MMRDA as a composite Rs 3,500-crore project."

    Bad Luck for Indiabulls project in Delhi too:

    Indiabulls wants to pull out of slum rehab project

    With the Delhi Development Authority (DDA) and Delhi government’s Environment department involved in a legal tussle over whether a part of land earmarked for Tehkhand Slum Rehabilitation project is part of the ridge, the project is unlikely to see light of the day soon.
    As a result, real estate company Indiabulls, which was to carry out the project, has written to the DDA seeking refund of Rs 450 crore along with interest.
    The letter also asks the company to be allowed to pull out of the project.
    In 2006, the DDA had auctioned off 11.8 acres in Tehkhand, an area adjoining the Tughlakabad greens in South Delhi, to a consortium of DLF and Indiabulls real estate for Rs 450 crore. Indiabulls bought out DLF’s stake in the project for an undisclosed amount two years later.
    “As per our agreement, the consortium was to seek all statutory clearances before they began work on the project. They got all major clearances but the matter got stuck when the Delhi Pollution Control Committee (DPCC) contested that some parts of the property were technically a part of the ridge,” a senior DDA official explained.
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  • Hi jia i am vry thankfull to u to make me bit confident for mine investment..i hope we will get good out of our investment...lets all of us be vry positive..jia wenever u get intimation for the installment plz let me know...thanks once again for ur superb explanation..u Rock:)
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