Pacifica Aurum (Happiness Towers)

mohammad

Rating assigned: Chennai 5 Star

Project Profile
Type of project Location of project Type of development Start date of project Possession committed to customer as per allotment letter Total saleable area Percentage of physical completion as on July 2013 Residential Padur, Old Mahabipuram Road, Chennai Joint Development June 2012 December 2014 9, 45, 000 square feet 30%

Sponsor Profile
Name of the project Name & address of the company developing the project Name of the developer group Track record in years Projects developed till date Ongoing projects Pacifica Aurum (Happiness Towers) Pacifica Companies ISKCON Mall, Above Star India Bazaar, Satellite, Ahmedabad 380 015, Gujarat Pacifica Companies Nine years (Since 2004) Four (1.99 million sq ft) Six (9.21 million sq ft)

Project Rating Drivers

Project construction quality and amenities o Construction Quality The structural quality of the project is backed by the established track record of the architect (M/s Stantec Consulting Pvt Ltd, formerly known as Burt Hill Design Pvt Ltd), structural consultant (M/s Buro Engineering (I) Pvt, Chennai), project management consultants (M/s CBRE South Asia Pvt Ltd) and civil contractors (M/s C.G. Buildtech Pvt Ltd, Mumbai). The project has been designed to comply with the Seismic Zone III requirements. o Amenities: Major amenities proposed in the project include swimming pool, gymnasium, spa, mini theatre, cards room, and a business centre. o Location: The project is located in Padur on Old Mahabalipuram Road (OMR), which is called the information technology (IT) corridor of Chennai, as it is a hub for many IT companies. The project is around 28 km away from the Chennai airport, 35 km from the railway station, and 15 km from the east coast road. Project legal quality The legal quality of the project is backed by clear and marketable land titles and construction agreement that mentions details such as possession date, grace period, payment terms, default implications, defect liability, delay compensation and maintenance terms. Project financial quality The financial quality of the project is good, marked by sanctioned bank lines for the project and group support. The project construction cost will be funded by customer advances and bank lines. Project sponsor quality The sponsor quality is satisfactory, marked by sound financials of the group and positive track record of development by the company in the Ahmedabad, Vadodara (both in Gujarat) and Chennai (Tamil Nadu) real estate market. The developers website lists the project summary, amenities, specifications, location plan, price list, booking form, payment plan and project e-brochure.

Project Photographs (As on July 2013)

Block A

Block B

Block C

Block D

External block work

External block work