Will you invest in 'Shriram Surabhi’ and ‘Shriram Smrithi' ???
I have purchased a flat with Shriram Properties in Bangalore in Ittamadu. I had made 85% payment by Feb2009 and they promised to complete the project by June 2009. Its December and they are showing no signs of completing the project even by March 2010. Today they keep redirecting me to different people. Even when we call for a meeting their management just refuses to show up?
If you are buying a property by Shriram, please pay attention to the following points:
1) They will mention a date of completion, but it will not be documented anywhere. Not even in the sales deed. And the actual date of completion will be way late than what they are telling you.
2) If they promise you Rs 4/sq feet compensation, don't be fooled by it. If they delay the project by a year after taking money from you, you loose in lakhs.
3) Once they tell you a date of completion, they will publish something else in the newspaper. They will ask you to ignore it as a mistake, but then you will realise that they lied about the whole thing from the day you made the payment.
4) And last but not the least, their people keep on changing about every 3/4 months. Every new guy will say he knows nothing about what the previous guy said. They are all cheats.