PARISHKAAR-II (PHASE-I) by Safal Homes
RATED AHMEDABAD 6-STAR BY CARE RATINGS
About the Project
Parishkaar-II is situated at Maninagar, which is amongst the developed localities in Ahmedabad. The project is situated 5 km from Ahmedabad Railway Station, 1 km from Maninagar Railway Station and 13 km from Ahmedabad International Airport. Also, the highly successful mass transit system in Ahmedabad, BRTS (Bus Rapid Transit System) is at a distance of around 1 km from the project site. The project is designed to provide mid-ranged lifestyle living. Phase-I consists of total 480 residential units distributed across ten 12 storied blocks with 4 apartments per floor. The project proposes to provide facilities and amenities such as provision for power back-up for common services, 24/7 professional security service, gymnasium, sports facilities, amphitheater, allotted basement car parking facility (one car per flat) and many other amenities.
Project Star Rating Rationale
Developer profile
Safal Constructions Pvt. Ltd. (SCPL) was incorporated by Mr. Rajesh Brahmbhatt in the year 1995. The group has been in the Ahmedabad real estate market for the last 17 years and popularly known as ‘bSafal’. The project is being developed by Safal Homes, a partnership firm between Safal Constructions Pvt. Ltd. (SCPL), Priyal International Pvt. Ltd. and Kailashdarshan Housing Development (Gujarat) Pvt Ltd. SCPL, the flagship company of the group has completed 34 projects since 1995.
Construction Quality of the Project
The project is at an advanced stage of construction having already incurred approximately 78% of envisaged construction cost by December 31, 2012. Ducon Consultancy is the structural consultant for the project. VITAN Architects, based in Ahmedabad is the Architect for the project and civil construction works is overseen by Mr. Romi Sharma, Chief Civil Engineer for bSafal Group.
Legal Aspects of the Project
The title search for the project land is done for 30 years. Land title is clear, marketable and free from encumbrances. Besides, the project has received all clearances required from Ahmedabad Municipal Corporation (AMC). Also, many banks have pre-approved the project for giving individual housing loan in the project.
Financial Details of the Project
The total project cost of Rs.120 crore is envisaged to be funded by way of promoter funds of Rs.30 crore and the remaining amount by customer advances of Rs.90 crore. The company has received bookings for 425 units out of total 480 units valuing for Rs.116.78 crore. Also, it has received comfortable payment against booked units which is expected to facilitate timely completion of the project.
Highlights of the project
Amphitheatre
Sports Facilities : Box cricket pitch, multi-purpose court, skating rink
24/7 security service by professional agency
Gymnasium
Library
Garden with children play area
Backup generator for all common services
Fire-Fighting system
Various Contractors of the Project
Architects: M/s. VITAN Architects, based in Ahmedabad, is amongst the renowned architectural consultants in Ahmedabad. Mr. Jagrut Patel has been associated with many well-known residential as well as commercial projects. He has been associated with SCPL for the last ten years.
Structural consultant: Ducon Consultancy is the structural consultant for the project. Mr. Devendra Shah is the chief consultant for Parishkaar-II. Ducon has been associated with bSafal group for the last 15 years and has developed various projects with the group with an approximate area of 34.50 lsf.
Civil Engineers: The civil construction works is overseen by Mr. Romi Sharma, Chief Civil Engineer for bSafal Group.
