Silverglades Legacy in Mohali: My take on their builder's reputation and past projects
Hey Propmyna community, I've been looking closely at Silverglades Legacy in Mohali, which is an upcoming project with prices ranging from ₹6.44 Cr to ₹13.57 Cr, averaging ₹23000 per sqft across its 9.95 acres. This is a significant investment, so naturally, I'm digging into the builder's background. Silverglades, established in 1988, positions itself as a boutique developer with experience in residential, commercial, and even golf-based leisure communities. Their partnership with ITC Limited for projects like The Laburnum suggests a focus on quality and high-end delivery. For an upcoming project of this scale and price, their long-standing presence and reputation for premium offerings are crucial. From a livability perspective, a boutique builder often implies more attention to detail and potentially unique designs, which is appealing at this price point. We can expect a focus on a high-end lifestyle given the project's positioning. The RERA registration, GGM/861/593/2024/88, provides a layer of regulatory confidence. My take is that while the price is steep, Silverglades' history suggests they aim for a certain standard. Prospective buyers should verify their past project quality firsthand and speak with owners from their previous developments to gauge customer satisfaction and delivery consistency before committing to Legacy.
Comments
While the price is definitely a shocker for most first-time buyers, the idea of a 'boutique developer' focusing on quality is appealing. But the real question is, does Silverglades actually deliver on that promise consistently? I'd really want to talk to people who've bought from them, especially from their older projects. Reviews online can be very misleading. Has anyone here actually lived in a Silverglades project?
The RERA number GGM/861/593/2024/88 does give some confidence, but a long possession date like May 2031 is making me think twice. Kya guarantee hai ki time pe milega? Builders often delay projects, aur tab tak interest aur rent ka burden alag se. Kisi ka experience hai Silverglades ke saath time pe delivery ka?
I heard about some Silverglades projects near Airport Road (Gurgaon side) years ago, but I don't remember any recent buzz from them. The price per sqft, ₹23000, is quite high for Mohali. Is this justified by the 'boutique' tag or is it just speculative pricing? My friend bought a place in Badshahpur recently and even there, prices weren't this steep.
You're right about the Airport Road projects. They were quite premium back then. But what about the delivery timelines and actual customer experience? That's what matters. I'm worried about the possession date of 2031-05-01 for Legacy. That's almost 7 years away! So much can change.
Boutique tag often means niche, high-end, but not necessarily better delivery. Sometimes it's just an excuse for higher prices. Given the current market, especially post-COVID, Gurugram mein bhi prices upar gaye hain, but Mohali mein itna jump? It needs serious justification.
The post mentioned Silverglades has 'Total projects: 0' in their RERA details. Is that a typo or does it mean this is their first project under this specific entity or something? It's a bit confusing for a builder established in 1988. How can a builder with 30+ years of experience have 0 total projects listed? This makes me nervous.
Exactly! Especially when the post mentions their partnership with ITC Limited and their long-standing presence. How can that align with 'Total projects: 0'? This is a big question mark before even looking at the price. Kya pata, pehle ke projects RERA se pehle ke hon?
Haan, ye toh pakka check karna padega. Sometimes builders create new SPVs (Special Purpose Vehicles) for each project. But even then, their parent company's track record should be clear. Agar zero projects dikha raha hai, toh bahut risky lag raha hai.
Good catch! I also noticed that 'Total projects: 0' and it's a huge red flag for me. Maybe they operate under different company names for different projects? But still, for such a big investment, I'd expect more transparency. Kya matlab hai iska, koi bata sakta hai?
Yaar, ₹6.4 Cr se ₹13.6 Cr for a first home? That's a huge amount! Mohali mein itna price? Silverglades ka reputation toh theek hai, but this is a different league. Meri toh budget kaafi tight hai, ye sunke aur tension ho gayi. Kaise manage karte hain log itna down payment?
Bhai, this is not for first-time buyers like us. This is clearly for investors or HNIs. Humare liye toh 1-2 Cr bhi mushkil hai. But the point about builder reputation is valid, even for high-end projects, you don't want any trouble.
Totally agree. I'm also a first-time buyer and the prices are just insane these days. Lagta hai hum jaise middle-class log toh kabhi ghar khareed hi nahi payenge. Mohali mein bhi ab Gurgaon-level prices ho gaye hain.