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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  • Originally Posted by capt.vishal
    hi everyone,

    i have been off the forum for a while. Last saturday i visited the ib site at panvel. Good news there is work going on for phase 1. So at last there is some progress. I have booked a flat in phase 2, can someone from phase 1 tell me if they have received a notice for the commencement of work installment?? By the way i also saw the hiranandani project in panvel its quite far from the city as for now i guess ib is a better option at 2900 psf than hirco at 3600 psf.

    Cheers


    hi vishal thanks alot for the information u have shared abt work which is started..coz everyone in ib thread wants to know abt the current scenerio..vishal did u check with the rates with ib... Plz share the info if u knw abt this aswell..


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  • Q? Do banks advance a loan if the property is on leasehold land..
    I think banks insist on free hold land.. for giving a loan..
    Just a q am curious to know..
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  • Q? Do banks advance a loan if the property is on leasehold land..
    I think banks insist on free hold land.. for giving a loan..
    Just a q am curious to know..
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  • Originally Posted by wadia
    Dear Bhushan,
    I do not want to get dragged into this discussion as many members in this thread think it is inappropriate to discuss the pros and cons of any project in this thread.
    Mr Bhushan if you have bought into hiranandani and think it is better than IB then that may very well be the case. If you want to further discuss we could take this discussion to hiranandani thread.


    thanks Mr. Wadia,

    I can understand that you will not be able to justify your own statement about "IB providing better amenities than Hirco" and thats the only reason why now you don't want to get dragged into this discussion!!
    Just to remind you..... that you yourself had started this discussion (comparison of IB with Hirco)..... And I think as far as IB is involved in this discussion it is very much related to this forum!!
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  • Originally Posted by wadia
    This is rubbish. Please don't say something that you are not sure of.
    I know fews school and chawl areas in pune which were on 99 year leasehold and about 10 years ago their lease expired. For past 10 years their files are pending in mantralaya for lease renewal. In theory lease renewal should not be a big deal but with the corrupt babus it is not cheap, simple or quick.
    If you want to sell a leasehold property it will not fetch the same price as the next door freehold property, because the buyer takes into account that the "value of land" in the deal has depreciated. (In 99 years the "value of land" in your purchase becomes zero and you have to buy the land again at existing rates). I am sure if there is a chawl in south mumbai which is on leasehold and wants to renew its lease they will pay a fortune (maybe 20K psf) as the next door builder would have his eyes on the same plot. The govt may not forcefully evict them but for all those years that their lease is not renewed (decades sometimes) their property is considered illegal and cannot be sold.


    Mr. Wadia,
    I do not want to get dragged into this discussion as many members in this thread think it is inappropriate to discuss the pros and cons of any project other than IB in this thread.
    Mr Wadia if you have bought into hiranandani and think it is better than IB then that may very well be the case. If you want to further discuss we could take this discussion to hiranandani thread. :)
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  • Originally Posted by peeya
    hi vishal thanks alot for the information u have shared abt work which is started..coz everyone in ib thread wants to know abt the current scenerio..vishal did u check with the rates with ib... Plz share the info if u knw abt this aswell..




    Hi Peeya,

    The rate is very much 2900 psf I really dont know how there are rumors that the rate has increased to 3200 psf. I have seen Navi Mumbai develop in front of my eyes as I have lived here all my life. Fifteen years back when I use to tell people that I live in Belapur 8 out of 10 had not heard of it. I made the mistake of not participating in the rapid growth of Navi Mumbai earlier. I have seen prime flats in Kharghar sold at less than 2000 psf just 5 years back and now they are around 4000 to 4500 psf. Who ever has any doubt that IB would not be a good option location wise as its too far from any station please keep your doubts to rest. IB is as far from panvel station as are some of the prime properties in Kharghar. Where I stay in Seawoods is a most expensive place in Navi Mumbai and its way off from any railway station. What people now see is how good the construction is and how good are the amenities. The idea I guess is people would rather want to stay in a very good colony and travel a few mins extra to work than to stay close to the station in an ordinary place. All we have to now hope is that IB deliver's what they have promised, if they construct as per their plan then I am quite certain by the time the construction is completed the rate would be between 3800 to 4000 psf.

    Vishal
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  • hi vishal,

    i completely agree with your views. in fact i myself felt that down the line, over the years to come i rather travel a little further & be assured of a good quality of life than live closer to the station in a congested area. (there has to be a trade off).

    i too missed out on the navi mumbai boom & now hope to capitalize on this in the yrs to come.
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  • Originally Posted by capt.vishal
    Hi Peeya,

    The rate is very much 2900 psf I really dont know how there are rumors that the rate has increased to 3200 psf. I have seen Navi Mumbai develop in front of my eyes as I have lived here all my life. Fifteen years back when I use to tell people that I live in Belapur 8 out of 10 had not heard of it. I made the mistake of not participating in the rapid growth of Navi Mumbai earlier. I have seen prime flats in Kharghar sold at less than 2000 psf just 5 years back and now they are around 4000 to 4500 psf. Who ever has any doubt that IB would not be a good option location wise as its too far from any station please keep your doubts to rest. IB is as far from panvel station as are some of the prime properties in Kharghar. Where I stay in Seawoods is a most expensive place in Navi Mumbai and its way off from any railway station. What people now see is how good the construction is and how good are the amenities. The idea I guess is people would rather want to stay in a very good colony and travel a few mins extra to work than to stay close to the station in an ordinary place. All we have to now hope is that IB deliver's what they have promised, if they construct as per their plan then I am quite certain by the time the construction is completed the rate would be between 3800 to 4000 psf.

    Vishal


    well said capt. vishal. Rather than living in the old part of panvel (where most construction took place at <= 1000 psf) it is important to live in a posh locality where most construction would be 2000 or 3000+.
    If you take into account Mumbai, many posh localities are more than 5km away from the station. Pali hills, powai, lokhandwala,...
    With the rapid increase in Mumbai and Navi Mumbai population and the quality of local train travel goind down by the day, it wont be long when local trains will become the symbol of daily wagers transport medium.
    The area close to station is also very congested, least planned, narrow roads, too many shops and prone to slums. Again Mumbaias well as old panvel station are an example of this.
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  • Increased Rate

    Hi all!

    The advertisement for Indiabulls at allcheckdeals.com is now quoting Rs 3100 per sq ft.

    Just type "Indiabulls Greens Panvel" in google and see the advertisement from allcheckoutdeals.com
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  • Originally Posted by cust_indiabulls_panvel
    Hi all!

    The advertisement for Indiabulls at allcheckdeals.com is now quoting Rs 3100 per sq ft.

    Just type "Indiabulls Greens Panvel" in google and see the advertisement from allcheckoutdeals.com


    Hi Mate,

    It really does not matter what Allcheckoutdeals is quoting. I just spoke to Indiabulls direct this morning and the rate is still 2900psf.

    Cheers
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  • Dont worry!

    I can tell you for sure that the rate has increased. In fact it does not matter what the IB guys says over . Try booking an apartment at 2900 per sq ft.

    i have been through this when i was trying to book for one of my relatives in Phase II.
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  • commercial

    HI Everyone,
    Is it worth investing on indiabulls panvel commercial property. Heard that they will be quoting around 4000-5000psf or even more.

    Need your opinion.

    Ashky
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  • Originally Posted by ashkharoo
    HI Everyone,
    Is it worth investing on indiabulls panvel commercial property. Heard that they will be quoting around 4000-5000psf or even more.

    Need your opinion.

    Ashky

    Long term it will make sense but first 2-3 years it would be difficult to rent it out at a good rate. 80 acres township should provide good buisness but then it depends on what you have in your mind?
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  • Originally Posted by ashkharoo
    HI Everyone,
    Is it worth investing on indiabulls panvel commercial property. Heard that they will be quoting around 4000-5000psf or even more.

    Need your opinion.

    Ashky


    Can't comment on whether it would be a good investment or not but, if you actually plan to use the space then you need to keep in mind that this is going to be only a 80 acre township with nothhing else around it and in comparison Hiranandani Greens Panvel is going to be 280 acres. So, it would probably make more sense to buy commercial space in Hiranandani.
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  • acres - indiabulls

    Hi ,
    for everyone indiabulls panvel green project is continously trying to acquire more land and they have plans upto 120 acres in this project. If you see and compare starting from 25 and now 80 acres and still on........


    Ashky
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