Pruksa silvana: FDI real estate villa/Row houses project in East Bangalore

Details and property review

Overview

Pruksa Silvana is a project by Thailand based builder: "Pruksa". This is their first project in India, they have presence in other countries. It's a gated community of 321 villas and 80 row houses. The project started in 2010 Q4 and the possession of phase1 is supposed to happen by December 2011.

What you get in this project (Villa + Row houses)

·                  Row Houses – 3 BHK,  Plot area: 1232 sft, Built-up area: 1242 sft & 1249 sft

·                  Villas – 3 BHK + Study, Plot area: 1355 sft, Built-up area: 1632 sft

Location

It is off the upcoming 6 lane Old Madras Road Highway/NH4 and around 3 kms from Budhigere-cross.

Wilimapia link: http://wikimapia.org/18211483/Pruksa-Silvana-Property

Floor plans

Villa floor plan

Row house plan

Price

·          Villa                :  84 lacs + Registration + VAT & Service tax

·         Row House      :  55 lacs + Registration + VAT & Service tax

Amenities
Clubhouse:
  Gym
  Snooker / pool table
  Snack bar
  Cards room
  Table tennis
  Dining and pantry
  Multipurpose hall
  Convenience store
Swimming pool with toddler pool
Two Tennis Courts
Two Outdoor Badminton Courts
One Basketball Court
Civic Amenities:
    Theme parks
  Jogging track
  Children play area
  Lush green lawn around the project
  Visitor car park

Technology used for construction and how its different from prevailing construction technology in India

Pruksa has used MIVAN technology which is a system of aluminum forms. Basically in aluminum forms RCC is being poured (with off course steel in between those aluminum forms). This has been used widely in the construction of residential units and mass housing projects. It is fast, simple, adaptable and cost – effective. It produces total quality work which requires minimum maintenance and when durability is the prime consideration. This system is most suitable for Indian condition as a tailor–made aluminum formwork for cast–in–situ fully concrete structure.

Pros & cons of MIVAN technology (wrt traditional brick construction technology):

Pros:

·         More stronger since it is 100% RCC (walls/slabs/floors/ceilings everything).

·         For smaller houses like duplex the walls are mostly 4" thus it provides more carpet area.

            Cons:

·         Since walls are the supporting entities for the building(duplex case) framework thus no major alterations are allowed.

·         Generally it'll be hotter by 2 degree Celsius with respect to brick houses.

Approval
Pruksa Silvana has got BMRDA approval. They even have tie-ups with nationalized banks like SBI/LIC in-case somebody is looking for home loan.

Review

·         This place is hot appreciation candidate because of ample future(1-to-3 years) construction to happen in area. See this link to check out real estate events in this area.     

·         Since its Pruksa's first Indian project thus they have priced it less. Thus more appreciation is bound to happen in couple of years time frame.

·         Lots of infrastructure is being planned to be executed. To read more refer this link .

·         However there are few negative sides of this project  are also visible. The 700 meters approach road leading to this project has couple of Industries. Pruksa people told that govt. has planned their move out plan from place in 3-5 years timeframe.  

·         Also this 700 metres approach road should be tarred. Government has already sanctioned amount to do this but for now it is yet to be tarred.

·         Villas do not have balconies.

For more details refer builder's website.
  
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