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Indiabulls Greens by Indiabulls in Panvel, Mumbai

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Indiabulls Greens by Indiabulls in Panvel, Mumbai

Last updated: July 7 2017
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  • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

    Originally posted by keezpanvel View Post
    Had been to the IB office to see the plan.

    They Have revised the layout from the one they had planned in december.

    Luckily they have now given the 1 BHK & 1.5 BHK better view.

    The MMRDA scheme is coming behind the 1 bhk & 1.5 bhk

    It will be separate and will have an access from another road.

    Finally the planning is done for the better.

    Good to see the pictures. They are promising possession by Mid of 2013 that is also good to hear.

    Better Late than NEVER.
    Yes, & regarding MMRDA complex, they are saying it'll be residential complex having 7 flr buildings.

    Does anybody have an idea about podium parking levels in phase 1 buildings ?
    According to new allotments, my flat will be on 9th flr; facing the MMRDA complex, so worried about the view...

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    • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

      great photos

      Great to see the pictures and some positive news from keezpanvel and Avdhut_s.
      The podium parking is in front of the phase 2 ( shown by dotted outline in the revised layout plan shown ) building but not sure about the no of stories

      Did they show you the agreement copy?

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      • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

        Originally posted by ibrel_pan View Post
        Great to see the pictures and some positive news from keezpanvel and Avdhut_s.
        The podium parking is in front of the phase 2 ( shown by dotted outline in the revised layout plan shown ) building but not sure about the no of stories

        Did they show you the agreement copy?
        Looking at the pics (wherein none of the buildings is more than 3 floors complete) and reviewing some previous posts in this thread wherein the approvals were said to be given only till the 3rd floor, I am suspecting that only the buyers of flats from 1st to 3rd floor are being called for agreement procedures.

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        • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

          agreement intimation upto only 3 floor

          Hi

          This in not the case, i called to IB CC they replied you can come for agreement any time after fixing the prior appointment, now that is for phase 2 started may be from yesterday

          is there any body from phase 2 who got a call from IB for agreement

          any other upsdate...anybody got the copy of agreement

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          • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

            update

            another update ,even the agreements, they are doing for above then three floor also

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            • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

              Originally posted by Sharpj View Post
              There is also a date of completion mentioned in the agreement.. and the only recourse available to the buyer is to cancel the booking if there is a delay and get an simple interest of 12% on the amount and the amount paid..

              there is no other penalty

              I have never seen anyone use this clause.. In my opinion if you have no interest in RE this is a best method to earn 12% .. all projects are delayed.. and you can activate this clause.. ofcourse if you have a good lawyer.. but the price when you bought it and the price prevailing later makes it difficult to arrive at this decision.. people are always stuck at the notional profits..
              Sharpj...the builders are very smart and normally noone can activate the interest clause. A couple of reasons why I say this is...

              1. Allotment letter will generally contain the expected completion date. However they will always also carry a clause if the project is delayed beyond a period of say One Year from the expected completion date, then the builder has the right to return the money with a simple interest of x% -( normally always below 10%)
              2. This clause will be mentioned in the agreement but till that time the plinth is ready and they will be able to easily calculate the expected date of completion in normal circumstances.

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              • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                Originally posted by Sharpj View Post
                You cannot register a flat till the flat itself is ready.. The agreement mentions the flat number, the floor number and name of the tower like A, B, C etc..
                You can register and pay stamp duty without the actual flat being ready. In case you are going in for a loan then the bank will release your money to the builder only if your flat is registered in your name.

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                • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                  Originally posted by highrisemumbai View Post
                  You can register and pay stamp duty without the actual flat being ready. In case you are going in for a loan then the bank will release your money to the builder only if your flat is registered in your name.
                  This is such a grey area. It seems several experts believe that registration cannot be done until the walls of the apartment are ready. Makes perfect sense as to what you'll be registering should not be upcoming or in the future. But some believe that registration can be done before the flat is even constructed. Some websites did suggest that the practice to register before build has now been stopped since it was full of scam. Can someone please clarify this to what the current practice is. I guess builders will tend to bend the law where possible!!

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                  • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                    Originally posted by avdhut_s View Post
                    Yes, & regarding MMRDA complex, they are saying it'll be residential complex having 7 flr buildings.

                    Does anybody have an idea about podium parking levels in phase 1 buildings ?
                    According to new allotments, my flat will be on 9th flr; facing the MMRDA complex, so worried about the view...
                    Hi Avdhut,

                    As per my interaction with Indiabulls CusomerService, the MMRDA Bulding will be in tha range of 16 - 18 stories.

                    Suggest you check with them and get more details on it.

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                    • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                      IB-Greens & MMRDA .....

                      Hi all,

                      I managed to dig out the following piece of information. Although old, this will remain the benchmark for the project.

                      http://envis.maharashtra.gov.in/envi...30MoM_SEAC.pdf

                      (Page no. 12) highlights the proposal put up for approval in July'2010

                      Followed by another meeting.
                      http://envis.maharashtra.gov.in/envi...oM_SEAC_31.pdf

                      and another article in Mumbai Mirror which highlights the number of units the developer (Lucina Land development) is committed to deliver in the form of LIG housing (Low income group).

                      MMRDA

                      The project is named or classified as -
                      "Residential scheme including MRTP rental scheme called Indiabulls Greens".

                      Is this what has been put up in the agreement ?
                      Last edited by s_parmesh; March 2 2011, 11:02 AM. Reason: New information

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