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The Trees by Godrej Properties in Vikhroli East, Mumbai

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The Trees by Godrej Properties in Vikhroli East, Mumbai

Last updated: May 28 2018
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  • Re : The Trees by Godrej Properties in Vikhroli East, Mumbai

    Maharashtra Real Estate Regulatory Authority Certificate Numbers


    Project Certificate No.
    The Trees, Origins P51800000158
    The Trees Residential Phase 1 P51800000165
    The Trees Residential Phase 2 P51800000161


    All the above projects details are available on the below link

    https://maharerait.mahaonline.gov.in/Login/Login/

    https://maharerait.mahaonline.gov.in/searchlist/search
    Last edited November 11 2017, 07:28 PM.

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    • Re : The Trees by Godrej Properties in Vikhroli East, Mumbai

      Originally posted by yogeshraja View Post
      Godrej Properties ties up with Taj to build luxury hotel at Mumbai’s Trees project


      Godrej Properties partners with Taj Palaces Resorts Safaris to develop a 150-room Taj Hotel at its ongoing mixed-use development project Trees in Mumbai



      Godrej One is located at the Godrej Properties project in Vikhroli, Mumbai. Mumbai: Real estate firm Godrej Properties Ltd on Monday said it has partnered with Taj Palaces Resorts Safaris to develop a 150-room Taj Hotel at its ongoing mixed-use development project ‘The Trees’ at Mumbai’s Vikhroli, Godrej Properties said in a statement.


      Spread across 9.2 acres of land, the mixed-use development will comprise of a Taj Hotel, a luxury residential project called Godrej Origins and a high-street retail court. Besides, it has Godrej One, the Godrej Group’s global headquarters, the company said.

      The Godrej Group’s landholdings in Vikhroli include a privately controlled mangrove reserve that is five times the size of London’s famed Hyde Park, it said.

      “We are thrilled to partner with Taj to create a luxury hotel at our flagship project. Our endeavour is to make The Trees India’s most exciting mixed-use development and this partnership is an important milestone towards that goal. We look forward to working closely with the Taj team to create a landmark hotel,” said Pirojsha Godrej, executive chairman, Godrej Properties.

      The Mumbai-based developer said it has collaborated with several international architects and engineering consultants like Sasaki Architects and Pelli Clarke Pelli Architects to design The Trees project.



      Godrej Properties is currently developing residential, commercial and township projects spread across approximately 13 million square metres (133 million square feet) in 12 cities.

      Rakesh Sarna, managing director and chief executive officer of Taj Hotels Palaces Resorts Safaris, said, “We are very pleased to be associated with a group like Godrej, which is synonymous with trust, integrity and quality. We share their commitment of sustainable development and we look forward to bringing world-class hospitality to this great location.”

      Taj currently operates around 99 hotels in 62 destinations across the globe, including India, North America, United Kingdom, Africa and the Middle East.
      Really worried about the quality of life because of these...
      1. Constant flight noise
      2. Constant traffic because of commercial park
      3. Late night party and events at Taj, and the related disturbance

      It's good to have commercial / hotels nearby but not next to site, have u all seen wadhwa address / runwal orchid, it's so tough to get in/out on weekends especially..
      After all this, you are asked to pay 40k on carpet...god save us...

      Comment


      • Re : The Trees by Godrej Properties in Vikhroli East, Mumbai

        Hi Folks,
        I have also received invoice with 12% GST with no clarity of tax rebate for Emerald Thane project.
        I have fwded communication from Oberoi Reality and Mahindra regarding them passing tax benefit to end customer.
        I am planning to Register complaint in RERA now.

        Comment


        • Re : The Trees by Godrej Properties in Vikhroli East, Mumbai



          Greetings from Oberoi Realty.

          As you are aware, two noteworthy regulations – Real Estate Regulatory Act (RERA) and Goods and Services Tax (GST) introduced recently have a significant effect on the Real Estate sector.

          RERA will be instrumental in bringing in transparency into the realty market thus boosting customer confidence and trust. Similarly, GST is also likely to create a unified common national market and at the same time simplify the tax structure while reducing the multiplicity of taxes.

          Oberoi Realty has always believed in transparency and prudent governance and wholeheartedly supports and welcomes these initiatives introduced by the Government.

          You will be pleased to know that we are at an advanced stage of adapting our documents to the new RERA requirements. As a part of this process, we are also transitioning to the payment schedule specified under RERA, which will result in changes in the existing payment schedule/s for your apartment/s. Your revised payment schedule/s will be shared with you by your Relationship Manager who will help you in a seamless transition to a RERA-ready ecosystem.

          According to the recently introduced GST from 1st July 2017, the effective tax liability on apartment/s in under-construction projects is 12%. Until 30th June 2017, you were liable to pay taxes aggregating to 5.5% (Service Tax & MVAT) of the total sale consideration. Thus, with the introduction of GST, an additional tax outflow of 6.5 % is now payable by you.

          *However, you will be happy to know that this entire additional tax outflow of 6.5% on account of GST will be absorbed by Oberoi Realty. So, there will be no impact of GST on the total sale consideration and you will continue to pay 5.5% tax that you were paying originally*. This ensures that the total cost of your apartment that you had considered at the time of booking with Oberoi Realty remains unchanged. At Oberoi Realty, we believe that our customers come first and we request your support and co-operation while we work out the finer details of this special gesture for your apartment.

          In the meanwhile, please feel free to get in touch with your relationship manager or/myself should you require any further assistance.

          Warm Regards

          Rochelle Chatterjee
          Vice President, Head - Residential Sales

          Comment


          • Re : The Trees by Godrej Properties in Vikhroli East, Mumbai

            https://housing.com/news/gst-real-es...yers-industry/
            Grey areas in the GST that could determine the final price of properties

            It is still not clear what would be the abatement available for the land cost, for calculating service tax on under-construction projects. The abatement rules, as applicable under the service tax regime and the input tax credit facility for developers, will determine if the effective tax incidence on real estate, is lower or higher under GST.

            Effectively, the composition scheme allowing for abatement against cost of land to the extent of 75 per cent of the house cost, for residential units priced under Rs 1 crore and less than 2,000 sq ft, makes the effective rate at 3.75 per cent. In other cases, the abatement goes down to 70 per cent, making the effective rate at 4 per cent. This will go a long way, in determining whether GST is tax neutral or tax adverse for real estate.

            In addition, as states have different state-level taxes, the implication of GST may not be uniform, across all states.

            Comment


            • Re : The Trees by Godrej Properties in Vikhroli East, Mumbai

              Originally posted by helloemerald View Post

              Greetings from Oberoi Realty.

              As you are aware, two noteworthy regulations – Real Estate Regulatory Act (RERA) and Goods and Services Tax (GST) introduced recently have a significant effect on the Real Estate sector.

              RERA will be instrumental in bringing in transparency into the realty market thus boosting customer confidence and trust. Similarly, GST is also likely to create a unified common national market and at the same time simplify the tax structure while reducing the multiplicity of taxes.

              Oberoi Realty has always believed in transparency and prudent governance and wholeheartedly supports and welcomes these initiatives introduced by the Government.

              You will be pleased to know that we are at an advanced stage of adapting our documents to the new RERA requirements. As a part of this process, we are also transitioning to the payment schedule specified under RERA, which will result in changes in the existing payment schedule/s for your apartment/s. Your revised payment schedule/s will be shared with you by your Relationship Manager who will help you in a seamless transition to a RERA-ready ecosystem.

              According to the recently introduced GST from 1st July 2017, the effective tax liability on apartment/s in under-construction projects is 12%. Until 30th June 2017, you were liable to pay taxes aggregating to 5.5% (Service Tax & MVAT) of the total sale consideration. Thus, with the introduction of GST, an additional tax outflow of 6.5 % is now payable by you.

              *However, you will be happy to know that this entire additional tax outflow of 6.5% on account of GST will be absorbed by Oberoi Realty. So, there will be no impact of GST on the total sale consideration and you will continue to pay 5.5% tax that you were paying originally*. This ensures that the total cost of your apartment that you had considered at the time of booking with Oberoi Realty remains unchanged. At Oberoi Realty, we believe that our customers come first and we request your support and co-operation while we work out the finer details of this special gesture for your apartment.

              In the meanwhile, please feel free to get in touch with your relationship manager or/myself should you require any further assistance.

              Warm Regards

              Rochelle Chatterjee
              Vice President, Head - Residential Sales
              Has somebody sent this to Godrej ?

              Comment


              • helloemerald
                helloemerald commented
                Editing a comment
                I have sent. But everyone should mail separately to put pressure on them that we know what other realtors are doing with gst

            • Re : The Trees by Godrej Properties in Vikhroli East, Mumbai

              This is really good news.

              Comment


              • Re : The Trees by Godrej Properties in Vikhroli East, Mumbai

                Rera website shows extremely low booked flats for origins project towers P, Q R. Other towers have similar booked flats. Is it the too high rate?
                Attached Files

                Comment


                • Vidya Raman
                  Vidya Raman commented
                  Editing a comment
                  anyone booked in godrej platinum. feedback on the project will help
                  Last edited February 6 2018, 07:22 PM.

              • Re : The Trees by Godrej Properties in Vikhroli East, Mumbai

                Godrej Properties' sales bookings jump over 3-fold; debt dips

                NEW DELHI: Realty firm Godrej Properties' sales bookings jumped more than three-fold to Rs 1,474 crore while net debt reduced by Rs 400 crore in the first quarter of this fiscal.

                Mumbai-based Godrej Properties Ltd (GPL), the realty arm of the Godrej Group, achieved its best ever quarterly sales in housing segment at Rs 1,472 crore in the quarter ended June. The commercial segment contributed only Rs 2 crore to overall sales bookings, according to its investor presentation.

                In terms of area, the company's sales booking jumped over three-times to nearly 1.8 million sq ft during the June quarter.

                "GPL's best ever quarter for residential sales with a booking value of Rs 1,472 crore," the presentation said.

                Housing projects in Mumbai, Pune and Greater Noida contributed maximum to sales bookings.

                During the June quarter, GPL added four new projects to its portfolio with nearly 5 million sq ft of saleable area. This included an acquisition of about 15 acre land in Gurgaon for developing a high-end residential project with saleable area of about 1.5 million sq ft.

                On projects execution, GPL said that it delivered 1,101 apartments measuring 2 million sq ft in Gurgaon and Vikhroli.

                "Delivered 998 apartments measuring 1.86 million sq ft at Godrej Summit, Gurgaon. Delivered 103 apartments measuring 0.15 million sq ft at Godrej Platinum, Vikhroli," it said.

                GPL said its net debt reduced to Rs 3,091 crore as on June 30, 2017 from Rs 3,499 crore at the end of the last fiscal. The average borrowing cost also fell to 8.45 per cent from 8.8 per cent during this period.

                Last week, the company reported a 46 per cent decline in net profit to Rs 23.37 crore for the quarter ended June as against Rs 43.47 crore in the year-ago period.

                This was mainly due to higher tax outgo that surged to Rs 19.48 crore from Rs 10.65 crore during the period under review.

                Total income, however, rose 3 per cent to Rs 345 crore in the first quarter of this fiscal from Rs 333 crore in the corresponding period of the previous year.

                GPL is currently developing residential, commercial and township projects across about 138 million sq ft in 12 cities.

                http://economictimes.indiatimes.com/...paign=ETTWMain

                Comment


                • Re : The Trees by Godrej Properties in Vikhroli East, Mumbai

                  Has anyone received allotment Letter for Godrej Origins? I have received one with no mention of Input Tax Credit.

                  Comment

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