OK have changed my mind coz of Tax implications............ Not selling my flat any more.

Regards,

Atul

Hi,

I own a 2BHK in the 7th Building, Flat No : 0716 measuring 833 sq ft with a stilt Parking. I have decided to book by profits and would be interested in selling the property. All interested could get in touch with me on 9821637492 or atul.pangasa@gmail.com . Brokers please excuse.

Cheers

Atul

Hello,

I would like to rent out my flat (1162) at kohinoor city. It is a 2BHK flat with covered car parking and it faces the main road. If anyone is interested they can send me an e-mail at nirav@cbd.ae or call me at 00971506766840.

Regards,

Nirav Shah

Hello,

I am interested to rent out my Flat ( i.e. 2 & 1/2 BHk - 1200 sq ft + covered car parking in building number 2 in Kohinoor city .

Interested person can contact at - kural.gaur@petrofac.com

Thanks - Kural

As mentioned below I am interested to rent out my Flat in Kohinoor city ( i.e. 2 & 1/2 BHK+ Car parking).

Interested person can respond on - kural.gaur@petrofac.com

Kural

HI,

I am interested to rent out my Flat in Kohinoor City (i.e. 2&1/2 BHK  + Covered car parking). Interested person can respond.

Kural

Hi,

I am looking for a 2bhk for rent in Kohinoor city. Even people who havent got possessions but are expecting it to happen in a months time can respond.

Interested people can reply to the post and we can take it forward from there.

thanks and regards

Premanshu Singh

I have a 2 BHK flat in building no. 5 (833 sq ft + covered Car Parking)

If someone is interested, let me know.

Arvind

Hi everyone,

I have just received the demand letter forthe final payment plus 2 yrs society fees prior to handover for my flat in bldg no 2 phase I.  I am based in Dubai and wudlike to know if anyone is staying in the first 3 bldgs.

Neelesh

Dear Friends

I am looking to buy a 2 BHK flat in Phase 1. If any one is interested in selling please contact me on 9833657891.

Dear All,

I am looking for a rented appartment in Kohinoor (2BHK); if any one is interested in renting their flat.

Pls call at 9820924957

Regards,

Dinesh

Hi All,

No posts for sometime. how come?

So, who all are planning to shift to Kohinoor.

And Rupesh, what is the update on possesion of three buildings which are yet to be handed over.

Regards and a very happy new year to all.

Arvind

Hi Friends,

Its a bit surprising to know that most of us have different news with regards to the possession. I was under the impression that all the residents of the Phase 1 have been offered to occupy their flats.

I received a letter from Kohinoor City around the beginning of October informing that the work on my flat is complete and the possession could be taken once the outstanding payment (including 2 yrs advance maintanence) is complete. I happened to be in India during that time. After receiving the complete payment, they were glad to hand over the keys to my flat (Bldg # 11)  the very next day. I was also asked whether i can do a small opening ceremony at my new flat, and they obliged.

The last time i visited the site at around beginning of Novermber, i did see some activities with regards to finishing of few remaining flats, access road, compound, etc. going on. 

However, what seems to be confliciting here is that they did tell me that all the 421 flats will be ready for possession by Oct 28, which doesnt seem to be case.

Haziq 

Dear Atul,

Sincere thanks for the update. This posting is as informative as your previous one.

Just a question again. Now that some flats are occupied, it means builder is offering possesion. Surprisngly, I have not yet been offered the possesion.

Is there any  one else who has not been offered the possesion?

Arvind

Hi everyone,

I had visited the site yesterday. I feel happy to share that I saw some flats already occupied by buyers. Most of it is already done up and the beautification (garden) work is going on.

As for the rates....... as far as my information goes the current price for Phase II, the builder is quoting is 8000 psf which is likely to go up to 8250 in some days. Looking at nearby projects and the comparing with the aminities comming up in Kohinoor, the price as per my gut feel should touch at least 10000 in couple of months from now. Please let me know if you guys have different views on this.

Annual Rentals as per mumbai market should be any where between 5.25 to 6 % of the current value of the property depending on the location and the interiors one can charge some premium. This project being close to BKC should ideally attract a rental return on a higher side of the range.

Regards

Atul

Hi Dipika and all others !!

The message board is doing a good job as the place for information exchange.

I have not been offered possesion by Kohinoor. So really surprised by this development of possesion.

Can any one confirm if the possesion has been actually offered to him or her?

Regards to all the citizens.

We will do a get together party after possesion.

arvind

Hello Kohinoor Citizens,

Have any of you taken possession of your flat yet? Any experiences to share on the possession process and how satisfied you are with the flat or if you found any problems?

I heard some people have moved in as well.

Regards

Dipika

Hi All future Residents of Kohinoor City!

Guys & Gals,

Please be confident that we have invested in one of the best projects happening in India. Your returns are nearly 1.7 times of ur original investment in a span of 2 years plus. I am myself a prospective resident of Kohinoor City and am only glad that I took this decision to buy in Kohinoor City.(#754)

The delay was caused due to certain reasons like raising the ground level of the entire site after the July 26 deluge. The drainage being constructed within the complex is highly dependable and reliable. The team at Kohinoor is excellent and very understanding to our demands.

The prevailing rate as I am told by external sources is in the range of 8200/- psf and I hv already decided to book my profits. So anybody looking to buy a 2 BHK flat in Kohinoor City at the above quoted rate can get in touch with me on my mobile +91 98336 37441 in the next one week after which the above offer is null and void. I have also been allotted a covered car park which also comes at an additional cost of INR 200,000/= with the apartment.

Once again guys...Be Happy, Don't Worry!

Ajit Nair.

Dear All Prospective Residents of Kohinoor City - Phase 1

I have read all the comments and looks like everybody is happy about present rates and rentals.  During October I visited the site and as mentioned it may take 2-3 months to actual liveable possession.  Before that I would like to update some facts.  Those bldgs facing the Malls may have problems bcoz in future there will be Hotels or Office Bldgs being constructed.  Which will block the view and privacy.  Also, those bldgs facing each other have floor touching windows and the gap between the opposite bldg is very less and will affect the privacy.  Today the Builder is giving more importance to Mall site.  Also, I have a flat in Sagar Heights in Saki Naka and at the time of booking the builder provided good brochure with garden and swimming pool.  Unfortunately, today after 1 year of possession, he is constructing a 5* Hotel where the swimming pool supposed to be.  At present time Builders are trying to occupy every inch of vacant land.  So get together and pressurize the builder to provide the amenities and also try to get info on what he will be actually constructing on the said MALL site.  I am not disheartening you'll, but sharing an experience with the Builders.

Hello to all the Group Members of Kohinoor city Phase 1.

I am Darshit , prospective resident of Kohinoor city Phase 1 .

Recently i received a mail from Kohinoor Office , regarding possession of Phase1 . From the discussion on this forum , i understood from comments posted here that the Project is not yet ready in Totality to shift . Also there were some debates / discussion on Rental Initiatives as well the club house charges which they gonnna charge us well in advance of it being created .

I am currently in the US and i personally can not visit the Project site , so i would move ahead in the direction as decided by most of group members .

I am also looking to rent / lease out my apt . so in case any one who is also interested / or has links to get this done at the earliest best . i would really appreciate that .

Thanks

Darshit - darshit_m77@rediffmail.com

Hello to all the Group Members of Kohinoor city Phase 1.

I am Darshit , prospective resident of Kohinoor city Phase 1 .

Recently i received a mail from Kohinoor Office , regarding possession of Phase1 . From the discussion on this forum , i understood from comments posted here that the Project is not yet ready in Totality to shift . Also there were some debates / discussion on Rental Initiatives as well the club house charges which they gonnna charge us well in advance of it being created .

I am currently in the US and i personally can not visit the Project site , so i would move ahead in the direction as decided by most of group members .

I am also looking to rent / lease out my apt . so in case any one who is also interested / or has links to get this done at the earliest best . i would really appreciate that .

Thanks

Darshit - darshit_m77@rediffmail.com

Dear Rupesh,

Thanks for the update.

It was very very useful for many of us.

Warm regards.

Arvind

Hi everyone,

I got to know abt this group while surfing. Thanks to whoever has initiated this.

I had gone to the site on 23rd Sep. I feel, the phase 1 will be completely ready only by Dec 07/ Jan 08 i.e inclulding the infrastructure and the landscaping etc. The "soft possession" as they call it, is only for the purpose doing interiors etc. I guess, no one can start living there until Dec 07 .

The road work is delayed a lot & is in a state where even 2 months from now looks tough for its completion.

The progress of Bldg no 4,5,6 is slower than others.

Will keep you guys posted after my next visit.

Best Regards,

Rupesh

Hi all,

I last visited Kohinor city on 16th Sept. Most of the buildings are almost complete with lifts and parking area done up. Even paving work has started in the common areas below building. The road work is yet to be completed. They have started constructing the wall around Phase I and have given only 2 entry & exit points for buildings. 1 near building no.1 and another at the end near building no.11

Tushar 

Dear Rajashri,

As you have been going to Kohinoor almost every week, can I request you for the update?
Are the buildings anywhere near possesion next month?

Regards

Arvind

Hi Arvind,

Thanks for the info about how one can calculate the leasing amount.

I think they did collect information about people who are interested in renting their flats. Have indicated to them my interest in it.

I guess they were talking about renting to some corporates. Any news on who these are going to be? With the posession date just around the corner, have any of us been contacted further in this regards ?

Regards,

Haziq

Kohinoor people are trying to line up the rental arrangements for Rs. 400 psf per year.

For example, if your flat is of 950 Sq feet.

The estimated annual rent = 400 x 950 = 3,80,000.00

therefore, Monthly rent - 31,700.00 approximately.

Arvind

Dear Friends,

Anybody has any idea how much 2BHK can be leased out for?

Regards

Pinakin

Dear Friends,

That's true Kohinoor city Phase -I  rates increased very much i.e. when all booked it was only Rs - 3000 / sq ft approx and now Rs - 7000 /- sq ft.

Is anybody have idea of similar kind of up coming project where investment will be of same advantage  - Do let me know, would like to invest.

Thanks Arvind

If anyone interested in selling pls contact me at 9867558352 . I am looking for my own staying ( 3 bhk preferred ) and full cheque payment

Rohit

Hi Rohit,

I am not quite sure about the price. But there is one thing. When I visited Kohinoor office 15 days back, they were more than eager to arrange the sale of my flat @7000 psf.

That means they are having the buyers at more than that price.

Regards and best of luck.

Arvind

Hi Friends,

This forum certainly looks like the right place to raise our issues and concerns, the primary one being the delayed made by the Builder (Kohinoor Developers) in providing the possession.

It would be ideal if we can get more and more people to join in the new yahoo group created for Kohinoor (kohinoorcity@yahoogroups.com ).

By the way, most of you might be knowing this, the latest rates for Phase 2 are as follows:

Currently booking is being accepted for only 28 apts 
Area statement : 3 bedroom Apartment -   1330 square feet. * 4 flats on each floor.

To book an apartment in you have to make the complete
100% payment at the time of booking @ Rs.5500 per sq.ft  (thats a whopping 74 L)

Dear Jitendra,

I agree on the points which you have raised. I too have observed them and I am sure others would have too. There would be many other points which might have been missed by most but have come to the notice of someone.

A yahoo group kohinoorcity@yahoogroups.com has been initiated for the same purpose somtime back which has been mentioned on this forum. I would like everyone to join it so that we can act together.

K. Noor

Dear All,

pls note the bill for delay in possession is not yet been implemented and as such we will not get compensation as far as delay in possession is concerned.  since there are many reasons which he can put forward for the delay.  as for the transfer fees of Rs.200/sq.f. been charged by the builder we cannot legally force them to waive. 

We have other points also which are also of importance, since i have not seen anybody talking about the carpet area (which i feel is less than as mentioned in the agreement), the amenities been provided like tiles, kitchen cabinets, etc... whether the same are as per agreement or at par as been agreed by the builder. ( i had seen chinese tiles been fixed during my visit).

We need to analyse each and every aspect of the agreement and check whether the same is been fulfilled by the builder, since atleast we can fight against the builder on the following points and the same is not neglected due to our core concentration on the delay.

I would appreciate if anyone has further observations, since we can check and demand for compensation on basis of other defeciences if any as a whole group.

Regards,

Jitendra

Regarding compensation what the builder is indirectly telling everyone is go fly a kite. We are not giving you anything.

And you cannot do anything as there is nothing mentioned in the Contract about compensation to be paid for delay in possession or delay in construction of the club house etc.

What we can object to is about Club House charges of 2 years which they are asking in advance at the time of possession OR about the p.s.f. charge of Rs. 200 if someone is selling their flat

Hi everyone,

It’s a good initiative to have started this group.

I strongly believe that there should be a compensation paid to all the purchasers by Kohinoor for the delay. The last time I contacted, the builder's office gave me a date of Oct'07 end for giving the possession of my flat 0716. Though I had read in the papers that there was a bill supposed to be passed for the compensation against delay in giving the possession of flats by the builder, I am not very sure about the fate of that bill.

What ever the case may be, the builder can’t be asking for sell back of flat to him by the purchaser, that too at the price it was bought at as to be liable for paying the compensation. This is ridicules. On the first hand there is no connect between the compensation because of the delay at builders end and the resell of the flat back to the builder. Secondly the present price builder is quoting for the new phase he is building is Rs7000/- per sq ft. Thus logically the flats already ready/near completion should be fetching a rate which is more than that.

Atul

Hi Everyone,

I am Jitendra / flat purchaser, 0576 in Kohinoor City - Kurla, while surfing came through the group created by you all people against the problems faced by the flat purchasers of Kohinoor City.

We are sailing in the same boat, as such can somebody update me whether any issues have been taken by the group against the developer ?? or any plans to do ?? as even i would like to join...

Rgds,

Jitendra

Hi Everyone,

I am Jitendra / flat purchaser, 0576 in Kohinoor City - Kurla, while surfing came through the group created by you all people against the problems faced by the flat purchasers of Kohinoor City.

We are sailing in the same boat, as such can somebody update me whether any issues have been taken by the group against the developer ?? or any plans to do ?? as even i would like to join...

Rgds,

Jitendra

Guys,

Does anyone know whats happening about the possesion? I've heard now they dont even state a date / month even year perhaps!!

Builder cant charge any transfer fees that we havent signed up to. Its not legal.

Sidhu.

Well Dipika,

It's this way. If you decide to sell the flat, the builder is charging 200.00 psf towards transfer fees.
Why I pointed it out was because this thing was never told to us or written in the agreement. And you will appreciate that this is a significant amount.

By the way, if you or any other reader has photographs of the Project, please do upload on the site. It will make lot of sense.

SIDHU,

I agree with you regarding the delay. However, it appears that the Agreement does not have any significant clause to help us.
However, he must be pressurized for club.
Kohinoor sold the flats in the name of "CLUB" and now they are not bothered.

Arvind

Hi Arvind,

Can you elaborate on the transfer fee of Rs. 200 psf that you mentioned earlier. Wasn't aware of this.

Regards

Dipika

Dear All,

The Club house charges is one thing.

Another one is also about how are we compensated for the delay?

Delivery was promised in June and there will be a 3-4 months delay.

Effectively 15% interest on the whole amount paid to date??

Any information on this?

Thanks

Sidhu

Hello Everybody,

This group kohinoorcity@yahoogroups.com  has been initiated for the benefit of all the people who have booked flats in Kohinoor City, Kurla.

We would like to know from various sources about the progress and other issues which are connected with the development of our future residence.

Also let everyone who does not have access or are not in India know about what you feel OR have to say about concept Kohinoor City.

Hope to make this group helpful to everyone.

Thanks & Regards

K. Noor