Web Summary
Q1: What is the name of the company and its meaning?
A1: The company's name is Suvilas Properties Private Ltd., which is a combination of two words – ‘Su’ and ‘Vilas’, meaning good homes in Sanskrit. This indicates that the company aims to provide high-quality homes.
Q2: What was Mr. Sunil Chowdary's experience with real estate promoters?
A2: Mr. Sunil Chowdary, the CMD of Suvilas Group, had a disappointing experience with a reputed builder in Bangalore who cheated him by providing sub-standard construction quality, untimely delivery, and lack of transparency during the entire process.
Q3: What was Mr. Chowdary's conclusion after visiting 150+ project sites across India?
A3: After understanding the standard and transparency of real estate promoters, Mr. Chowdary concluded that they are 100% dependent on contractors, manpower, machineries, technical people like architects, engineers, MEP consultants, structural engineers, quality control, liaisoning agents, sales & marketing partners.
Q4: What is the M5 formula adopted by Suvilas Group?
A4: The M5 formula adopted by Suvilas Group is Man+Method+Machinery+Material+Money=Meticulous. This formula aims to minimize dependency and create ethical business practices that adhere to quality and transparency in real estate and property development.
Q5: What European Construction Standards did Mr. Chowdary implement for his projects?
A5: Mr. Chowdary implemented 100% European Construction Standards from system formwork to finishes for all his projects in India, associating with renowned brands like Doka.
Q6: Who are the in-house architects of Suvilas Group of Companies?
A6: The in-house architects of Suvilas Group of Companies are Mr. SB Shreedhar and Mr. Ravi John.
Q7: What was spent on European standard formwork and machineries for present and future projects?
A7: 25 Crs. worth of European standard formwork and machineries were bought for present and future projects.
Q8: What is the current status of Suvilas Group's implementation of its criteria?
A8: After years of unwavering commitment and passion, Suvilas Group has successfully implemented all of the criteria set by its CMD at the beginning of the venture.