A fraudulent company

Review on Alliance Galleria Residences, Pallavaram, Chennai

About a most fraudulent company I really wonder how positive reviews are posted here. That means Urbanrise company people themselves are writing proxy reviews here. I came to know that Urbanrise has a digital marketing team operating from Chennai Head Office and they themselves are posting positive reviews about the company. Therefore, my sincere advice to all – Don’t believe in all these positive reviews about Urbanrise. These are all fake.

My wife wanted to book a flat in its Bachupally project. In fact, we are a group of 15 friends who are looking to buy apartments together. They offered a very lucrative rate in its Bachupally project. However, after speaking to number of friends and colleagues of mine in Chennai, I came to know that they have a very bad reputation in Chennai market. They could complete only two projects in Chennai in last 14 years of time. There couple of new projects are going very slow due to shortage of funds. They don’t even have RERA registration for its other new projects where they have been selling flats for last 3 years. They diverted customer advances in buying lands in Chennai and Hyderabad and therefore facing severe fund issues now. I came to know that their financial condition is pathetic and they desperately need fund to start the construction work of its long delayed project in Chennai.

Whatever funds they generated by selling flats in its Bachupally project, diverted to Chennai to start the construction work of one of its long pending projects there. After speaking to a senior sales guy of its Bachupally project, I realized that Bachupally project will not start for atleast 3 years as their main objective would be to start the construction work of its long pending project in Chennai.

Therefore friends, don’t take any risk in today’s market condition and consider buying flats only in those projects which have RERA registration. And please, do a proper and in-depth background check of builders before buying an apartment in any of the upcoming gated community projects.

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