Prakash B Zone: A Commercial MahaRERA Registered Project in Pune by Prakash Ventures

Prakash B Zone: A Commercial MahaRERA Registered Project in Pune by Prakash Ventures
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Project Overview:

Prakash B Zone is a commercial project located in Pune, promoted by Prakash Ventures. The MahaRERA registered project is expected to be completed by 31st of December 2022 and has been approved by the RERA under the RERA ID P52100047362.

Developer History:

Prakash Ventures is a developer with a history of completing residential projects. The company's first project, Prakash Greens, was a residential development located at plot no. 13 14 17 18 gat no 116, with a land area of 801 square meters. It consisted of a single building with 24 apartments and was originally proposed to be completed on 2018-10-25. However, it was actually completed on 2018-03-28.

Location Insights:

Sec-4 Pradhikaran is a locality located in the district of Pune, in the state of Maharashtra. Pune is a city located in the western state of Maharashtra, in India. It is the second largest city in the state and is known for its historical, cultural, and economic significance. Pune has a rich history dating back to the 16th century, when it was the capital of the Maratha Empire. Today, it is a major hub for education, research, and development, and is home to numerous educational institutions, research centers, and industries.

Sec-4 Pradhikaran is an up-and-coming locality in Pune that is witnessing rapid development and growth. It is located in the northern part of the city and is well-connected to the rest of Pune via a network of roads and public transportation. The area is home to a mix of residential and commercial RERA approved projects, as well as a range of amenities and facilities. Some of the notable landmarks in the locality include the Pradhikaran Sports Complex, the Auto Cluster Exhibition Center, and the National Defence Academy.

The location of Sec-4 Pradhikaran offers a number of benefits and advantages to residents and businesses. It is well-connected to the rest of Pune and has easy access to a range of amenities and facilities. The area is also home to a number of educational institutions, hospitals, and shopping centers, making it an ideal location for families and professionals. Additionally, the proximity to the Auto Cluster Exhibition Center and the National Defence Academy makes it an attractive location for businesses in the automotive and defense sectors.

Promoter Details:

It is promoted by Prakash Ventures, a well-known developer in the region. The company is responsible for the planning, development, and construction of the project. The promoter team for Prakash B Zone includes Shreyas Pagariya and Sumit Bhansali, both of whom hold the designation of Authorized Signatory.

Technical Details:

Prakash B Zone is located on Plot No 294 and is bounded to the east by a 61-meter-wide road, to the west by public amenities, to the north by Plot No 293 S, and to the south by Plot No 295 S. The MahaRERA registered project has been approved for the construction of two buildings totaling 1319.31 sqmts in FSI (Floor Space Index). According to the approved plan, there is no designated recreational open space in the development.

Building Details:

Prakash B - Zone Part 1 and Prakash B Zone Part 2 are the two wings that make up this commercial development, which spans a total plot area of 633.79 square metres.

Details about the wings are provided below:

Prakash B - Zone Part 1

Zone Part 1 offers 10 office spaces, with carpet areas ranging from 14.39 to 48.25 sqmts.  The structure has one plinth, three sanctioned floors, and sixteen covered parking spaces.

Sr.No. Apartment Type Carpet Area (in Sqmts) Number of Apartment
1 Showroom 235.33 1
2 Office space 14.39 2
3 Office space 31.77 2
4 Office space 48.25 4
5 Office space 31.86 2

Prakash B - Zone Part 2

Zone Part 2 offers 10 office spaces, with carpet area ranging from 14.39 to 48.25 sqmts.  The structure has three sanctioned floors with no dedicated space for parking.

Sr.No. Apartment Type Carpet Area (in Sqmts) Number of Apartment
1 Office space 14.39 2
2 Office space 31.77 2
3 Office space 31.86 2
4 Office space 48.25 4

Facilities and Amenities:

This MahaRERA registered project includes a range of facilities and amenities for the convenience and comfort of its occupants. Some of the notable features include measures for water conservation and rainwater harvesting, fire protection and fire safety requirements, an electrical meter room, a substation, and a receiving station.

It also offers open parking spaces, as well as a water supply and sewage system that includes chambers, lines, a septic tank, and a STP (Sewage Treatment Plant). In addition, the development incorporates landscaping and tree planting to create a pleasant and attractive environment.

Team of Experts:

Prakash B Zone is being developed with the expertise of several professionals. Uday Kulkarni, an architect, has worked on the project, as well as Sarvasiddhant Structural Engineers Pvt. Ltd., an engineering firm. In addition, the development has been supported by Vardhman Pagariya & Co, a chartered accountant firm.

Litigation Status:

There are no records of litigation or lawsuits related to this project.

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RERA stands for Real Estate Regulatory Authority and is the Government body for regulating Real Estate Developers and Agents (Brokers) It came into existence in 2016 and aims to protect the interest of property buyers. Every under-construction property must obtain RERA certificate and disclose a completion date before selling units to property buyers/investors. In India, each state has its own laws governing real estate. MahaRERA is the regulatory body for Maharashtra (Maharashtra Real Estate Regulation & Development Authority)

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