FROM THE CEO’S DESK

Dear Patrons,

Whilst we are steadily progressing on all fronts in terms of development of the township, we are focusing on creating impeccable civic infrastructure for residents.

It gives us great pleasure to announce the completion of two buildings - Apollo and Athena. We have begun handing over apartments to our customers.

In fact, as a value-added service, we have set up a Leasing Desk, and are helping our customers lease their apartments. We have also set up a Concierge Service that helps arrange for delivery of food, and other conveniences.

Other works are also going on and the photographs below indicate the external and internal work-in-progress at the township.

We have also constructed the main road that leads into the township and to Apollo and Athena. The Commercial building Edinburgh is also ready for fit-outs.

It is also heartening to note further development of civic infrastructure and investments being made by the government. Be it the airport, or the Multi-Modal Corridor, Panvel having it’s own railway station and so much more - connectivity, will be the key driver of Panvel.

With so much action in the zone, the township is destined to become the central business district of Panvel, thereby adding great value to your investment with us.

While construction is moving forward aggressively, we are simultaneously commencing the RERA registration process. This would further provide you with the project status and updates.

We take this opportunity to acknowledge and appreciate the patronage and support extended to our organization and expect the same to continue! We are fully aware of your expectations from us, in terms of delivery and quality of the project and would surely endeavor to provide you with our best always, despite the extremely challenging and difficult times. Last but not the least, do visit us. It will be our pleasure to host you at the project site.

Jackbastian K. Nazareth
CEO - Hiranandani Communities

PROJECT UPDATES

SECTOR A – THE FIRST PHASE OF RESIDENTIAL SPACE AT HIRANANDANI FORTUNE CITY

The exteriors and interiors of Apollo and Athena in Phase 1 is completed. Handovers of the same have started.

Landscaping has been done at the main entrance of Hiranandani Fortune City, near the entry to the commercial buildings and partly along the main boulevard road. A new nursery is also being developed, for further landscaping.

The approach road from the roundabout to the residential area is also in progress.

Designing of sample flats in Hermes & Atlas buildings is in progress.

INFRASTRUCTURE & AMENITIES

COMMERCIAL BUILDINGS

Edinburgh, the first commercial building at Hiranandani Fortune City is ready for fit-outs and has received part OC.

HANDOVER OF APARTMENTS IN PROGRESS – APOLLO & ATHENA

PANVEL - CONNECTIVITY AND DEVELOPMENT

Navi Mumbai International airport - The Rs. 16,000 crore project will be executed by Mumbai International Airport Limited (MIAL), which won the contract in February 2017. MIAL is a joint venture between the Airports Authority of India (AAI) and the GVK Industries Ltd led consortium.

8-lane Sion-Panvel expressway - Sion Panvel expressway is a 25 km Indian highway connecting the Sion to Panvel via Navi Mumbai. As of September 2014, stretch of the highway east of Vashi bridge within the city of Navi Mumbai has been fully widened and concretized to 10 lanes

Upcoming Mumbai Trans-Harbour Link - The Sewri-Nhava Sheva Trans-Harbour Link, is a proposed 21.8 km, freeway grade road bridge connecting the Indian city of Mumbai with Navi Mumbai. When completed, it would be the longest sea bridge in India. The project is estimated to cost ₹17,843 crore. The MMRDA plans to award contracts for the project by June 2017, and construction is expected to begin by October 2017.

CST-PANVEL fast train suburban corridor - The CST-Panvel fast corridor is a proposed elevated suburban rail corridor on the harbour line of the Mumbai suburban railway for air-conditioned EMUs estimated to cost ₹14,561 crore. In July 2016, the Mumbai Railway Vikas Corporation (MRVC) submitted a new plan for the corridor which received approval from the railway board.

Upcoming Water Transport from Gateway of India to NMIA/ Belapur - The Belapur jetty near Panvel creek bridge has been identified for the services and the proposal is awaiting the nod of the Navi Mumbai Municipal Corporation (NMMC). Around Rs 8 crore will be allocated for the waterway project in the NMMC 2017-18 budget

Line 1 of the Navi Mumbai Metro is part of the rapid transit rail system for the city of Navi Mumbai, India. The 23.40 km line consists of 20 metro stations from Belapur to Khandeshwar.

Railways – Panvel – Karjat route extended to passenger traffic - The Rs 14,600-crore project awaits nod from the NITI Aayog to which a proposal was sent in September 2016. This is important for connectivity between Mumbai and Navi Mumbai, a fast line for the 10-lakh odd commuters. It is also likely to connect to the proposed Navi Mumbai airport. The frequency of train services is estimated at 4.5-5 minutes.

Perspectives are an artist’s impression and images shown are for representation purpose. The plans are subject to changes/modifications/amendments (without notice) for better layout, as per the suggestions of the Architects and/or as per requirement of Maharashtra Industrial Development Corporation (MIDC) and/or all the other concerned authorities. All the amenities, facilities, etc., are subject to the approval of the concerned authorities and subject to changes, if required. All renderings and maps are artist’s impressions and not actual depiction of the buildings or landscaping. Company do not warrant or assume any legal liability or responsibility for the accuracy or completeness of any information disclosed. The said project is mortgaged and charge has been created with Axis Trustee Services Ltd., and financed by Axis Bank, PNB Housing Finance Ltd. NOC shall be provided on demand from the lenders.