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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

    guys lets not be get too judgmental here.
    we must remember that indiabulls hasn't signed any agreement with us during the booking.
    its a booking form and we have no rights based on that form.

    i would like to hear from the others who are in this situation.
    whats the remedy?

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    • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

      Latest Photo as of 9th May 2012

      As of 9th May 2012. Work for Phase I is going on.
      Attached Files

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      • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

        good pics

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        • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

          The concern is that the biggest attraction for IB property is the mall and other planned developments which was for social purpose.earlier these were planned in Phase1 and shifted to phase2.So hope some how phase 2 works out with them so we all can enjoy the benefits or else its all going to be waste.IB to keep their presitge have to seriously go towars getting the approvals.
          Last edited by aftab9902; May 9 2012, 10:58 PM.

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          • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

            This Policy Change might help SEAC-Approval for Greens-phase-II:





            Rental hsg altered to make scheme viable

            Carpet Area Of Tenements Offered To Be Increased From 160 To 300 Sq Ft

            Sandeep Ashar TNN



            Mumbai: The state government has decided to introduce major changes in its ambitious rental housing scheme.
            At a meeting presided over by CM Prithviraj Chavan on Wednesday, government officials agreed on the need to alter the scheme, which is yet to take off in a big way. The move came after a report by a panel headed by metropolitan commissioner Rahul Asthana to review the scheme’s existing framework and suggest changes.
            It has now been decided to increase the carpet area of tenements offered under rental housing from the existing 160 sq ft to 300 sq ft. This change was mainly driven by an observation that the tenement density would be in the range of 2,000 per hectare.
            Assuming that a family of five resides in each tenement, the population density for each scheme would come to 10,000 per hectare. However, the decision to increase carpet area won’t be applicable to 41 rental housing projects, where locational clearance has been granted.
            Since the scheme was conceptualized five years ago, work on only 17 projects involving 38,000 tenements has begun under the existing framework. The state had projected that about 5 lakh tenements would be ready for occupation by 2012.
            Based on the committee’s findings, the government could decide to allot 50% of the housing stock generated on outright sale (on hire and purchase basis) to citizens under a lottery system. Of the remaining stock, 25% could be sold to urban local bodies, which could then decide whether to let these out or allot to PAPs, staff, whereas the remaining 25% stock could be made available to government agencies like the police and education department for their staff.
            Though the MMRDA is keen to be the nodal agency for the outright sale component, Chavan prefers Mhada. He said a final decision on all aspects would be taken in a week.
            Team to study FSI, incentive T he CM has asked a team of officials to submit a report on the FSI and incentive component which could be offered under the rental housing scheme. While the existing policy offers a uniform FSI of 4, builders had demanded lowering of total FSI component and increase in incentive component in some locations to make the scheme viable. TNN

            SOURCE:
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            • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

              Originally posted by hsohail View Post
              guys lets not be get too judgmental here.
              we must remember that indiabulls hasn't signed any agreement with us during the booking.
              its a booking form and we have no rights based on that form.

              i would like to hear from the others who are in this situation.
              whats the remedy?

              I do not know the status as of now, almost a year since they have started executing agreements and raising demands.

              At that point when the lay-out of complex was changed we negotiated and got altered allotments paying floor-rise differential based on rates prevalent at the time of booking. This ofcourse was prior to even signing of agreements.

              Now even were you to get fresh allotment of your desired config. at your booking rates the interest element may enhance the same by a minimum
              Rs.400/500 per sq/ft. Further more you will get a singnificant demand as per the construction schedule.

              As regards the loading which ofcourse is high I would suppose it would be consistent through all configurations

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              • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                Could you pls. pm the master plan . Thanks
                Last edited by BlessU; May 12 2012, 09:09 PM. Reason: email deleted

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                • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                  90% Paid for Phase 1

                  Just wandering, how much has most of the buyers paid for phase 1. The recent demand for payment will cover 90% of the price with service tax and VAT. No idea when the delivery will be? As I have read in some of the discussions that this project could be delayed. Could someone provide some more info?

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                  • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                    Originally posted by subskn View Post
                    Just wandering, how much has most of the buyers paid for phase 1. The recent demand for payment will cover 90% of the price with service tax and VAT. No idea when the delivery will be? As I have read in some of the discussions that this project could be delayed. Could someone provide some more info?
                    I would be surprised if the builder completes rest of the work at the same pace after receiving 90% of the payment. That's why they have added the clause of 60 months for possession of the flats. It is one-sided agreement which favors the builder.

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                    • Re : Indiabulls Greens by Indiabulls in Panvel, Mumbai

                      Originally posted by GreenWorld View Post
                      I would be surprised if the builder completes rest of the work at the same pace after receiving 90% of the payment. That's why they have added the clause of 60 months for possession of the flats. It is one-sided agreement which favors the builder.
                      Just wandering, how many of phase 1 buyers have paid till 90% or about to pay 90%. I guess people with mortgages would start bearing interest from the time they have made the payment.

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